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

DOI10.1137/0901008zbMATH Open0453.90025OpenAlexW2058547158MaRDI QIDQ3901263FDOQ3901263

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)

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

Uses Software

• COLSYS

This page was built for publication: Numerical Solutions for Maximum Sustainable Consumption Growth with a Multi-Grade Exhaustible Resource

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q3901263)