Numerical treatment of a class of optimal control problems arising in economics

DOI10.1080/10556780500150416MaRDI QIDQ3423593zbMATH OpenOpenAlexFDO

Authors Etienne Emmrich, H.Schmitt

Publication date 14 February 2007

Published in Optimization Methods \& Software (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1080/10556780500150416

zbMATH Keywords

algorithmsconvergencenumerical examplesinitial value problemiterationlinear differential equationsgreenhouse effectdiscounted control problemsglobal warming modelinfinite control horizon

Mathematics Subject Classification ID

Numerical optimization and variational techniques (65K10) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Existence theories for optimal control problems involving ordinary differential equations (49J15) Discrete approximations in optimal control (49M25)

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Cites work

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• A numerical approach to the infinite horizon problem of deterministic control theory
• An adaptive grid scheme for the discrete Hamilton-Jacobi-Bellman equation
• Approximate solutions of the Bellman equation of deterministic control theory

Cited in

(8)

• Numerical computation of the optimal vector field: exemplified by a fishery model
• On the optimal control of a linear neutral differential equation arising in economics
• Numerical solution of infinite-horizon optimal control problems based on quadrature and Runge-Kutta methods
• Exponential Lawson integration for nearly Hamiltonian systems arising in optimal control
• Numerical solution of a parabolic optimal control problem arising in economics and management
• Analysis of finite difference approximations of an optimal control problem in economics
• Problems of economic system optimization with quadratic criteria and monotone controls. Some algorithms for its numerical solution
• Weighted averages-based algorithm for a numerical solution of an infinite horizon optimal control problem with discoutning in discrete time

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