On the infinite-horizon optimal control of age-structured systems

DOI10.1007/s10957-014-0680-xzbMath1326.49036OpenAlexW2004585482WikidataQ58296708 ScholiaQ58296708MaRDI QIDQ887105

Vladimir M. Veliov, Bernhard Skritek

Publication date: 28 October 2015

Published in: Journal of Optimization Theory and Applications (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s10957-014-0680-x

zbMATH Keywords

necessary optimality conditionspopulation dynamicsPontryagin's maximum principleinfinite-horizon optimal controlage-structured systemsvintage economic models

Mathematics Subject Classification ID

Optimality conditions for problems involving partial differential equations (49K20) Control/observation systems governed by partial differential equations (93C20) Population dynamics (general) (92D25) Mathematical economics (91B99) Boundary value problems for linear first-order PDEs (35F15)

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Cites Work

• Arrow-type sufficient conditions for optimality of age-structured control problems
• Technology adoption and accumulation in a vintage-capital model
• Optimal control of heterogeneous systems: basic theory
• Optimal investment models with vintage capital: dynamic programming approach
• Age-specific dynamic labor demand and human capital investment
• Pontryagin's principle for control problems in age-dependent population dynamics
• Optimality conditions for age-structured control systems.
• Optimal immigration age-patterns in populations of fixed size
• Anticipation effects of technological progress on capital accumulation: a vintage capital approach
• OPTIMAL EDUCATION IN AN AGE-STRUCTURED MODEL UNDER CHANGING LABOR DEMAND AND SUPPLY
• A Pontryagin Maximum Principle for Infinite-Dimensional Problems
• On a Distributed Control Problem Arising in Dynamic Optimization of a Fixed-Size Population
• The Pontryagin Maximum Principle and Transversality Conditions for a Class of Optimal Control Problems with Infinite Time Horizons
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