Optimal control analysis of a mathematical model for unemployment
| Autor: | Surekha B. Munoli, Shankrevva Gani |
|---|---|
| Rok vydání: | 2015 |
| Předmět: |
education.field_of_study
Control and Optimization Actuarial science Applied Mathematics media_common.quotation_subject 010102 general mathematics Population Optimal control 01 natural sciences Pontryagin's minimum principle 010101 applied mathematics Maximum principle Control and Systems Engineering Unemployment Econometrics Economics ComputingMilieux_COMPUTERSANDSOCIETY 0101 mathematics education Software media_common |
| Zdroj: | Optimal Control Applications and Methods. 37:798-806 |
| ISSN: | 0143-2087 |
| Popis: | SUMMARY Unemployment is continuously increasing worldwide because of enormous increase in population. This paper attempts to propose an optimal control policy for a deterministic unemployment model. The model considers three states, namely, unemployment, employment, and newly created vacancies. Factors like retirement and death of employed persons, termination from job, and so forth are also included in the model. The optimal control analysis for proposed unemployment model is performed using Pontryagin's maximum principle. The conditions for optimal control of the unemployment problem with effective use of implemented policies to provide employment to unemployed persons and to create new vacancies are derived and analyzed. Copyright © 2015 John Wiley & Sons, Ltd. |
| Databáze: | OpenAIRE |
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