Article ID: | iaor199261 |
Country: | United Kingdom |
Start Page Number: | 771 |
End Page Number: | 782 |
Publication Date: | Oct 1991 |
Journal: | Operations Research Letters |
Authors: | Feichtinger Gustav |
This paper deals with some optimal control models whose optimal solutions are cyclical. Several applications in operational research are discussed, e.g., in production, inventory and marketing. Hopf bifurcation theory is used to establish the existence of stable limit cycles as optimal time paths.