OPTIMAL CONTROL IN A MODEL OF ENDOGENOUS GROWTH FOR CLOSED ECONOMIC SYSTEMS
In the work we study a mathematical model about control of investments distribution, when the technological change is taken into consideration as an increasing elasticity coefficient on the capital factor. There is proposed a solution algorithm to solve respective optimization control problem, where...
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| Format: | Article |
| Language: | Russian |
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Don State Technical University
2018-08-01
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| Series: | Вестник Донского государственного технического университета |
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| Online Access: | https://vestnik.donstu.ru/jour/article/view/1251 |
| Summary: | In the work we study a mathematical model about control of investments distribution, when the technological change is taken into consideration as an increasing elasticity coefficient on the capital factor. There is proposed a solution algorithm to solve respective optimization control problem, where the investment funds are taken from the amount which was earlier intended for investments to the manufacture process. As a result, one can achieve at a final moment of time an additional volume of production, when compared with the one given by real statistical data, as well as to reach a maximum capital accumulation. |
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| ISSN: | 1992-5980 1992-6006 |