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Avtomatika i Telemekhanika, 2020, Issue 4, Pages 162–172
DOI: https://doi.org/10.31857/S000523102004011X (Mi at15097) 		 
This article is cited in 2 scientific papers (total in 2 papers)

Control in Social Economic Systems

Optimal control of a single-sector economy under random variations of fixed capital and labor resources

Yu. I. Paraev, K. O. Poluektova

Tomsk State National Research University, Tomsk, Russia
Full-text PDF (209 kB) Citations (2)
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DOI: https://doi.org/10.31857/S000523102004011X
Abstract: The optimal control problem of a single-sector economy under random variations of fixed capital and labor resources is solved in analytical form. As an optimality criterion the maximum mean value of savings on a given period of production is chosen. The solution of this optimal control problem is based on the method of dynamic programming.
Keywords: single-sector economy, fixed capital, labor resources, savings, optimal control, dynamic programming.
Presented by the member of Editorial Board: D. A. Novikov

Received: 11.07.2018
Revised: 27.02.2019
Accepted: 18.07.2019
English version:
Automation and Remote Control, 2020, Volume 81, Issue 4, Pages 704–712
DOI: https://doi.org/10.1134/S0005117920040116
Bibliographic databases:
Document Type: Article
Language: Russian
Citation: Yu. I. Paraev, K. O. Poluektova, “Optimal control of a single-sector economy under random variations of fixed capital and labor resources”, Avtomat. i Telemekh., 2020, no. 4, 162–172; Autom. Remote Control, 81:4 (2020), 704–712
Citation in format AMSBIB
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  • https://www.mathnet.ru/eng/at/y2020/i4/p162
    • This publication is cited in the following 2 articles:
    Citing articles in Google Scholar: Russian citations, English citations
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