Optimal control of a single-sector economy under random variations of fixed capital and labor resources

DOI10.1134/S0005117920040116zbMath1455.91159OpenAlexW3020775097MaRDI QIDQ827977

Yu. I. Paraev, K. O. Poluektova

Publication date: 14 January 2021

Published in: Automation and Remote Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1134/s0005117920040116

zbMATH Keywords

optimal controldynamic programmingsavingslabor resourcesfixed capitalsingle-sector economy

Mathematics Subject Classification ID

Dynamic programming (90C39) Economic growth models (91B62) Optimal stochastic control (93E20)

Cites Work

• Control of single-sector economy over a finite time interval with allowance for employer consumption
• On singular control in optimal processes that are linear with respect to the control imputs
• An Asymptotic Theory of Growth Under Uncertainty
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