Optimal Control of Renewable Resources Based on the Effective Utilization Rate

Autor: Rui Wu, Zhengwei Shen, Fucheng Liao
Jazyk: angličtina
Rok vydání: 2015
Předmět:
Zdroj: Abstract and Applied Analysis, Vol 2015 (2015)
Druh dokumentu: article
ISSN: 1085-3375
1687-0409
DOI: 10.1155/2015/369493
Popis: The effective utilization rate of exploited renewable resources affects the final total revenue and the further exploitation of renewable resources. Considering the effective utilization rate, we propose an optimal control model for the exploitation of the renewable resources in this study. Firstly, we can prove that the novel model is nonsingular compared with the singular basic model. Secondly, we solve the novel model and obtain the optimal solution by Bang-Bang theory. Furthermore, we can determine the optimal total resources and the maximal total revenue. Finally, a numerical example is provided to verify the obtained theoretical results.
Databáze: Directory of Open Access Journals