Optimal control in the resource allocation problem for a two-sector economy with a CES production function

DOI10.1007/S10598-017-9375-0zbMath1382.91049OpenAlexW2766726572MaRDI QIDQ1700564

Peng Zhang

Publication date: 7 March 2018

Published in: Computational Mathematics and Modeling (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s10598-017-9375-0

zbMATH Keywords

optimal controlPontryagin maximum principleCES production functionresource allocation problemLambert W-function

Mathematics Subject Classification ID

Applications of optimal control and differential games (49N90) Multisectoral models in economics (91B66) Resource and cost allocation (including fair division, apportionment, etc.) (91B32)

Related Items (5)

Application of a modified CES production function model based on improved PSO algorithm ⋮ Application of a modified VES production function model ⋮ Optimal control in the resource allocation problem for a two-sector economy with a CES production function ⋮ A grey CES production function model and its application in calculating the contribution rate of economic growth factors ⋮ Application of an extended VES production function model based on improved PSO algorithm

Cites Work

• Optimal resource allocation program in a two-sector economic model with an integral type functional for various amortization factors
• Profit maximization problem for Cobb--Douglas and CES production functions
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• Optimal control in the resource allocation problem for a two-sector economy with a CES production function
• A study of one-dimensional optimization models with infinite horizon
• On the Lambert \(w\) function
• Optimal resource distribution program in a two-sector economic model with a Cobb-Douglas production function with distinct amortization factors
• Optimal resource allocation program in a two-sector economic model with a Cobb-Douglas production function
• Some algorithms of optimal control
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