Optimal investment policy: An example of a control problem in economic theory
- 1 February 1967
- journal article
- Published by Institute of Electrical and Electronics Engineers (IEEE) in IEEE Transactions on Automatic Control
- Vol. 12 (1) , 4-14
- https://doi.org/10.1109/tac.1967.1098478
Abstract
A problem in mathematical economics concerning the optimal investment of resources is solved via the techniques of optimal control theory. Interesting theoretical complications include the simultaneous presence of interdependent control variable inequality constraints, state variable inequality constraints, and singularity conditions. Economic implications of the results are briefly discussed.Keywords
This publication has 4 references indexed in Scilit:
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