On the Solution of State Constrained Optimal Control Problems in Economics

On the Solution of State Constrained Optimal Control Problems in Economics

In this work we examine a state constrained resource allocation model a with finite time horizon. Therefore, we use the necessary conditions of the Pontrjagin's Maximum Principle to find candidates for the solution and verify them later on using the sufficient conditions given by the duality co...

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Bibliographic Details
Main Author: Kircheis, Robert
Format: Others
Language:English
Published: Högskolan i Halmstad, Sektionen för Informationsvetenskap, Data– och Elektroteknik (IDE) 2008
Subjects:
Optimal Control
Resource Allocation Model
Online Access:http://urn.kb.se/resolve?urn=urn:nbn:se:hh:diva-2195
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spelling ndltd-UPSALLA1-oai-DiVA.org-hh-21952013-01-08T13:20:45ZOn the Solution of State Constrained Optimal Control Problems in EconomicsengKircheis, RobertHögskolan i Halmstad, Sektionen för Informationsvetenskap, Data– och Elektroteknik (IDE)Högskolan i Halmstad/Sektionen för Informationsvetenskap, Data- och Elektroteknik (IDE)2008Optimal ControlResource Allocation ModelIn this work we examine a state constrained resource allocation model a with finite time horizon. Therefore, we use the necessary conditions of the Pontrjagin's Maximum Principle to find candidates for the solution and verify them later on using the sufficient conditions given by the duality concept of Klötzler. Moreover, we proof that the solution of the corresponding infinite horizon model does not fulfill the overtaking criterion of Weizsäcker. Student thesisinfo:eu-repo/semantics/bachelorThesistexthttp://urn.kb.se/resolve?urn=urn:nbn:se:hh:diva-2195Local 2082/2592application/pdfinfo:eu-repo/semantics/openAccess
collection NDLTD
language English
format Others
sources NDLTD
topic Optimal Control
Resource Allocation Model
spellingShingle Optimal Control
Resource Allocation Model
Kircheis, Robert
On the Solution of State Constrained Optimal Control Problems in Economics
description In this work we examine a state constrained resource allocation model a with finite time horizon. Therefore, we use the necessary conditions of the Pontrjagin's Maximum Principle to find candidates for the solution and verify them later on using the sufficient conditions given by the duality concept of Klötzler. Moreover, we proof that the solution of the corresponding infinite horizon model does not fulfill the overtaking criterion of Weizsäcker.
author Kircheis, Robert
author_facet Kircheis, Robert
author_sort Kircheis, Robert
title On the Solution of State Constrained Optimal Control Problems in Economics
title_short On the Solution of State Constrained Optimal Control Problems in Economics
title_full On the Solution of State Constrained Optimal Control Problems in Economics
title_fullStr On the Solution of State Constrained Optimal Control Problems in Economics
title_full_unstemmed On the Solution of State Constrained Optimal Control Problems in Economics
title_sort on the solution of state constrained optimal control problems in economics
publisher Högskolan i Halmstad, Sektionen för Informationsvetenskap, Data– och Elektroteknik (IDE)
publishDate 2008
url http://urn.kb.se/resolve?urn=urn:nbn:se:hh:diva-2195
work_keys_str_mv AT kircheisrobert onthesolutionofstateconstrainedoptimalcontrolproblemsineconomics
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