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Trudy Instituta Matematiki i Mekhaniki UrO RAN, 2014, Volume 20, Number 4, Pages 231–237
(Mi timm1129)
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This article is cited in 2 scientific papers (total in 2 papers)
Study of an optimal control problem related to the Solow control model
M. S. Nikol'skiiab a Steklov Mathematical Institute of Russian Academy of Sciences
b Lomonosov Moscow State University
Abstract:
We study the Solow model of optimal economic growth. The statement of the optimal control problem under consideration contains mixed constraints on the control. A special change of the control is used to reduce the problem to the study of a new controlled object with a usual geometric constraint. The reachable set of the original control system is found, an existence theorem for the optimal control is proved, and sufficient conditions for absence of singular regimes are obtained.
Keywords:
Solow model, optimal control, mixed constraints on control, Pontryagin's maximum principle.
Received: 15.07.2014
Citation:
M. S. Nikol'skii, “Study of an optimal control problem related to the Solow control model”, Trudy Inst. Mat. i Mekh. UrO RAN, 20, no. 4, 2014, 231–237; Proc. Steklov Inst. Math. (Suppl.), 292, suppl. 1 (2016), 231–237
Linking options:
https://www.mathnet.ru/eng/timm1129 https://www.mathnet.ru/eng/timm/v20/i4/p231
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