Optimal skill mix: An application of the maximum principle for systems with retarded controls

DOI10.1007/BF00933051zbMath0345.49009OpenAlexW3125608998MaRDI QIDQ1233203

Timothy W. McGuire, Suresh P. Sethi

Publication date: 1977

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

Full work available at URL: https://doi.org/10.1007/bf00933051

Mathematics Subject Classification ID

Optimality conditions (49K99) Controllability, observability, and system structure (93B99) Model systems in control theory (93C99)

Related Items (8)

The control of environmental pollution and optimal investment and employment decisions ⋮ Depletion models for ecosystems with continuously delayed resource renewals ⋮ Anwendungen des Maximumprinzips im Operations Research. I ⋮ Cooperative dynamic games with durable controls: theory and application ⋮ Cooperative dynamic games with control lags ⋮ Generalized dynamic games with durable strategies under uncertain planning horizon ⋮ A theory of endogenous technical progress: Dynamic Böhm-Bawerk effect and optimal R & D Policy ⋮ Optimal control of a class of systems with continuous lags: Dynamic programming approach and economic interpretations

Cites Work

• Sufficient conditions for the optimal control of a class of systems with continuous lags
• The Optimization of Trajectories of Linear Functional Differential Equations
• Unnamed Item

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