On the determination of optimal time horizon in a control problem in natural resource economics

Autor:	Ramesh C. Kumar, Fadle M. Naqib
Jazyk:	angličtina
Rok vydání:	1995
Předmět:	optimal control exhaustible resources time horizon. Mathematics QA1-939
Zdroj:	International Journal of Mathematics and Mathematical Sciences, Vol 18, Iss 3, Pp 617-620 (1995)
Druh dokumentu:	article
ISSN:	0161-1712 1687-0425 01611712
DOI:	10.1155/S0161171295000780
Popis:	This paper is concerned with issues relating to the determination of optimal time horizon in a typical control problem of optimal extraction of an exhaustible natural resource. The paper extends the recent Highfill-McAsey results to cover all strictly concave utility functions.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/1bdab1150e7b4de9bc9e46065f2b7676 Zobrazit plný text záznamu Plný text View record in DOAJ