Numerical Solutions for Maximum Sustainable Consumption Growth with a Multi-Grade Exhaustible Resource

DOI10.1137/0901008MaRDI QIDQ3901263zbMATH OpenOpenAlexFDO

Authors

Publication date 1980

Published in SIAM Journal on Scientific and Statistical Computing (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1137/0901008

zbMATH Keywords

nonlinear boundary value problemoptimal economic growthcollocationnumerical solutionssemi-infinite domainresource depletionmaximum sustainable consumption growthmulti-grade exhaustible resourceswitch joints

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Nonlinear boundary value problems for ordinary differential equations (34B15) Numerical solution of boundary value problems involving ordinary differential equations (65L10) Spectral, collocation and related methods for boundary value problems involving PDEs (65N35)

Cited in

(2)

• Methods of modeling consumption saturation with uncertainty in optimal stockpile problems
• Constant Sustainable Consumption Rate in Optimal Growth with Exhaustible Resources

Describes a project that uses

Uses Software

• COLSYS

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