The optimal policy of dividends, investments, and capital distribution for the dynamic model of a company

The optimal policy of dividends, investments, and capital distribution for the dynamic model of a company

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Article ID: iaor20022637
Country: Netherlands
Volume: 62
Issue: 8
Start Page Number: 1349
End Page Number: 1365
Publication Date: Aug 2001
Journal: Automation and Remote Control
Authors: ,
Abstract:

Optimization of a dynamic production-finance model of a company utilizing two technological processes for producing a homogeneous product is investigated. The problem is formulated as an optimal control problem for a nonlinear object with phase and mixed constraints. Optimal programs and feedback controls are derived from sufficient conditions of optimality.

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