Optimal resource allocation in a two-sector economic model with singular regimes

DOI10.1007/s10598-010-9060-zzbMath1203.91200OpenAlexW1982564187MaRDI QIDQ616562

S. N. Avvakumov, Yu. N. Kiselev, Michael Orlov

Publication date: 10 January 2011

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

Full work available at URL: https://doi.org/10.1007/s10598-010-9060-z

zbMATH Keywords

optimal controlresource allocationboundary value problemPontryagin maximum principlesingular regimestwo-sector economic modelmaximum-principlesufficient conditions of optimality in maximum principle terms

Mathematics Subject Classification ID

Multisectoral models in economics (91B66) Resource and cost allocation (including fair division, apportionment, etc.) (91B32)

Related Items (1)

Construction of optimal control laws for a model of information diffusion in a social group

Cites Work

• Optimal allocation between nutrient uptake and growth in a microbial trichome
• Some algorithms of optimal control
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