Direct optimization methods for solving a complex state-constrained optimal control problem in microeconomics
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Publication:2518630
DOI10.1016/j.amc.2008.05.035zbMath1151.91612MaRDI QIDQ2518630
Helmut Maurer, Hans Josef Pesch
Publication date: 16 January 2009
Published in: Applied Mathematics and Computation (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/j.amc.2008.05.035
direct optimization methods; state inequality constraints; bang-bang and singular control; control of stock; labor and capital; microeconomic control model; verification of necessary and sufficient conditions
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