OPTIMAL ALLOCATION IN A PURE CAPITAL MODEL WITH WITHDRAWALS: ASYMTOTIC PROPERTIES AND ALGORITHMS.

Abstract

The purpose of the report is to analyze a class of control problems that represent mathematical models of economic processes. Properties of optimal solutions will be investigated from both asymptotic and short-run viewpoints, and specific algorithmic results are presented whenever possible. In addition, a model of economic growth is formulated as a control process and it is shown that the activities associated with the von Neumann equilibrium must be chosen in each period if the process has proceeded for a sufficient length of time.

Document Details

Document Type
Technical Report
Publication Date
May 31, 1967
Accession Number
AD0653746

Entities

People

  • Alan Seelenfreund

Organizations

  • Stanford University

Tags

Communities of Interest

  • Materials and Manufacturing Processes

DTIC Thesaurus Topics

  • Algorithms
  • Mathematical Models
  • Models

Fields of Study

  • Economics
  • Mathematics

Readers

  • Calculus or Mathematical Analysis
  • Life Cycle Cost Analysis
  • Mathematical Modeling and Probability Theory.