Optimal resource allocation program in a two-sector economic model with an integral type functional for various amortization factors

DOI10.1134/S0012266115050110zbMath1322.49036OpenAlexW859357777MaRDI QIDQ498263

Yong-Cai Geng, Sumit K. Garg

Publication date: 28 September 2015

Published in: Differential Equations (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1134/s0012266115050110

zbMATH Keywords

optimizationmaximum principleresource allocationCobb-Douglas production function

Mathematics Subject Classification ID

Applications of optimal control and differential games (49N90) Existence theories for optimal control problems involving ordinary differential equations (49J15) Resource and cost allocation (including fair division, apportionment, etc.) (91B32) Optimality conditions for problems involving ordinary differential equations (49K15)

Related Items (4)

Boundary value problem of Pontryagin's maximum principle in a two-sector economy model with an integral utility function ⋮ Optimal control in the resource allocation problem for a two-sector economy with a CES production function ⋮ Multidimensional economic-growth models with an integral utility function ⋮ Optimal modes in a multidimensional model of economic growth

Cites Work

• Shoot/root balance of plants: Optimal growth of a system with many vegetative organs
• Optimal resource distribution program in a two-sector economic model with a Cobb-Douglas production function with distinct amortization factors
• Unnamed Item

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