The analytical decision of a problem of optimumcontrol one-sector economy on a final interval of time
The classical problem of control in one-sector economy with using of dynamic model andCobb-Douglas production function is considered. Control consists in distribution of the producedproduct into two parts: accumulation (investment) and non-productive consumption. Theproblem consists in a choice of such control that maximizes the total consumption for a plannedfinite interval of time. Using the Pontrjagin maximum principle the analytical decision of aproblem is obtained. There are found the necessary conditions of existing of optimal control, aswell as the conditions of existing of a turnpike.
Keywords
a turnpike, optimal control, сapital-labour ratio, non-productive consumption, магистраль, Cobb-Douglas production function, оптимальное управление, непроизводственное потребление, фондово- оружённость труда, производственная функция Кобба - ДугласаAuthors
Name | Organization | |
Paraev Jury. I. | National Research Tomsk State University | paraev@fpmk.tsu.ru |
Grekova Tatiana. I. | National Research Tomsk State University | gti@fpmk.tsu.ru |
Daniluc Elena J. | National Research Tomsk State University | daniluc_elena@sibmail.com |
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