Optimal pattern of technology adoptions under embodiment: A multi-stage optimal control approach

DOI10.1002/oca.960zbMath1227.49028OpenAlexW2022121534MaRDI QIDQ3098478

H. Cagri Saglam

Publication date: 17 November 2011

Published in: Optimal Control Applications and Methods (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/11693/21806

zbMATH Keywords

technology adoptionmulti-stage optimal controlembodiment

Mathematics Subject Classification ID

Management decision making, including multiple objectives (90B50) Optimality conditions for problems involving ordinary differential equations (49K15)

Related Items (9)

Product innovation with lumpy investment ⋮ Markovian strategies for piecewise deterministic differential games with continuous and impulse controls ⋮ Capital accumulation and embodied technological progress ⋮ Optimal timing of regime switching in optimal growth models: a Sobolev space approach ⋮ Analysis of Optimal Control Problems for Hybrid Systems with One State Variable ⋮ Zeno points in optimal control models with endogenous regime switching ⋮ Optimal pricing and advertising policies for a one-time entertainment event ⋮ History-dependence in production-pollution-trade-off models: a multi-stage approach ⋮ Optimal regime switching and threshold effects

Cites Work

• Technology adoption with finite horizons
• Two-stage optimal control problems with an explicit switch point dependence. Optimality criteria and an example of delivery lags and investment
• The optimal lifetime of capital equipment
• Replacement and the rental value of capital equipment subject to obsolescence
• A model of optimal growth strategy
• Investment-specific R\&D and the decline in the relative price of capital
• Technology adoption, learning-by-doing, and economic growth
• TECHNOLOGY ADOPTION UNDER EMBODIMENT: A TWO-STAGE OPTIMAL CONTROL APPROACH
• Learning by Doing and the Choice of Technology
• Necessary conditions for infinite-horizon discounted two-stage optimal control problems

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