Optimal periodic policies in dynamic economic systems

Optimal periodic policies in dynamic economic systems

0.00 Avg rating0 Votes
Article ID: iaor199261
Country: United Kingdom
Start Page Number: 771
End Page Number: 782
Publication Date: Oct 1991
Journal: Operations Research Letters
Authors:
Abstract:

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.

Reviews

Required fields are marked *. Your email address will not be published.