Using optimal control to optimize the extraction rate of a durable non-renewable resource with a monopolistic primary supplier

Autor: Enric Fossas, Albert Corominas

The problem dealt with in this paper is that of optimizing the path of the extraction rate (and, consequently, the price) for the monopolistic owner of the primary sources of a totally or partially durable non-renewable resource (such as precious met

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https://hdl.handle.net/2117/374811

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Using discrete-time mathematical programming to optimise the extraction rate of a durable non-renewabre resource with a single primary supplier

Autor: Albert Corominas

Publikováno v: Recercat. Dipósit de la Recerca de Catalunya
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UPCommons. Portal del coneixement obert de la UPC
Universitat Politècnica de Catalunya (UPC)
Operations Research Perspectives, Vol 4, Iss, Pp 118-122 (2017)

A non-linear discrete-time mathematical program model is proposed to determining the optimal extraction policy for a single primary supplier of a durable non-renewable resource, such as gemstones or some metals. Karush, Kuhn and Tucker conditions all

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::a97a5f8ca18a2819699e0c3c536d4203
http://hdl.handle.net/2117/108642