Reliable optimal production control with Cobb-Douglas model (Q1383755)
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| Language | Label | Description | Also known as |
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| English | Reliable optimal production control with Cobb-Douglas model |
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Reliable optimal production control with Cobb-Douglas model (English)
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21 September 1998
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This paper investigates the Cobb-Douglas production function mathematical model to describe the relationship among production, labor, and capital. The traditional settings on equilibrium market problem and seller's market problem, together with their corresponding optimal control problems are extended to an interval-based approach and to a dynamically changing environment. Algorithms to find dynamic optimal control invervals are provided, with interval parameter presentations and interval computations.
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production function model
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equilibrium market problem
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seller's market problem
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optimal control
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dynamic optimal control intervals
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interval arithmetic
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