|Start Page Number:||253|
|End Page Number:||272|
|Publication Date:||Jul 1988|
|Journal:||Optimal Control Applications & Methods|
A monopolistic firm is considered that can choose between two production activities: a capital-intensive one and a labour-intensive one. The successive stages of evolution of the firm are discussed for several alternative formulations of the objective functional. The effect of a minimum employment constraint is investigated and other sensitivity results are provided.