Optimal resource allocation program in a two-sector economic model with an integral type functional for various amortization factors

DOI10.1134/S0012266115050110zbMath1322.49036MaRDI QIDQ498263

Yong-Cai Geng, Sumit K. Garg

Publication date: 28 September 2015

Published in: Differential Equations (Search for Journal in Brave)

zbMATH Keywords

optimization; maximum principle; resource allocation; Cobb-Douglas production function

Mathematics Subject Classification ID

49N90: Applications of optimal control and differential games

49J15: Existence theories for optimal control problems involving ordinary differential equations

91B32: Resource and cost allocation (including fair division, apportionment, etc.)

49K15: Optimality conditions for problems involving ordinary differential equations