Optimal exploration and consumption of a natural resource-deterministic case

DOI10.1002/OCA.4660020102zbMATH Open0465.49015OpenAlexW3122067159MaRDI QIDQ3917082FDOQ3917082

Authors: N. A. Derzko, Suresh P. Sethi 

Publication date: 1981

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

Full work available at URL: https://doi.org/10.1002/oca.4660020102

zbMATH Keywords

dynamic programminginfinite time horizonmethod of characteristicseconomic modelsexhaustible natural resourcesoptimal exploration and consumption

Mathematics Subject Classification ID

Optimality conditions (49K99) Dynamic programming in optimal control and differential games (49L20) Economic growth models (91B62)

Cites Work

• Title not available (Why is that?)

Cited In (2)

• A stochastic control model of investment and consumption with applications to financial economics
• Anwendungen des Maximumprinzips im Operations Research. I

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