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, Issue 4,Pages <nobr>162

This article is cited 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

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

DOI: 10.31857/S000523102004011X