Optimal control in the resource allocation problem for a two-sector economy with a CES production function

DOI10.1007/S10598-017-9375-0zbMATH Open1382.91049OpenAlexW2766726572MaRDI QIDQ1700564FDOQ1700564

Authors: Peng Zhang 

Publication date: 7 March 2018

Published in: Computational Mathematics and Modeling (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s10598-017-9375-0

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zbMATH Keywords

optimal controlPontryagin maximum principleCES production functionresource allocation problemLambert W-function

Mathematics Subject Classification ID

Resource and cost allocation (including fair division, apportionment, etc.) (91B32) Applications of optimal control and differential games (49N90) Multisectoral models in economics (91B66)

Cites Work

• On the Lambert \(w\) function
• Optimal resource distribution program in a two-sector economic model with a Cobb-Douglas production function with distinct amortization factors
• Optimal resource allocation program in a two-sector economic model with a Cobb-Douglas production function
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• Optimal resource allocation program in a two-sector economic model with an integral type functional for various amortization factors
• Profit maximization problem for Cobb--Douglas and CES production functions
• Optimal allocation between nutrient uptake and growth in a microbial trichome
• Optimal control in the resource allocation problem for a two-sector economy with a CES production function
• Some algorithms of optimal control
• A study of one-dimensional optimization models with infinite horizon
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Cited In (10)

• Application of an extended VES production function model based on improved PSO algorithm
• A grey CES production function model and its application in calculating the contribution rate of economic growth factors
• Optimal resource distribution program in a two-sector economic model with a Cobb-Douglas production function with distinct amortization factors
• Title not available (Why is that?)
• Optimal resource allocation in a two-sector economic model with singular regimes
• Optimal resource allocation program in a two-sector economic model with a Cobb-Douglas production function
• Application of a modified CES production function model based on improved PSO algorithm
• Application of a modified VES production function model
• Optimal control in the resource allocation problem for a two-sector economy with a CES production function
• Optimal resource allocation in a two-sector economy with an integral functional: theoretical analysis and numerical experiments

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