Szczegóły

Tytuł artykułu

On the optimal control problem for two regions’ macroeconomic model

Tytuł czasopisma

Archives of Control Sciences

Rocznik

2015

Numer

No 4

Autorzy publikacji

Wydział PAN

Nauki Techniczne

Abstrakt

<jats:title>Abstract</jats:title> <jats:p> In this paper we consider a model of joint economic growth of two regions. This model bases on the classical Kobb-Douglas function and is described by a nonlinear system of differential equations. The interaction between regions is carried out by changing the balance of trade. The optimal control problem for this system is posed and the Pontryagin maximum principle is used for analysis the problem. The maximized functional represents the global welfare of regions. The numeric solution of the optimal control problem for particular regions is found. The used parameters was obtained from the basic scenario of the MERGE</jats:p>

Wydawca

Committee of Automatic Control and Robotics PAS

Data

2015[2015.01.01 AD - 2015.12.31 AD]

Identyfikator

ISSN 1230-2384

Referencje

Manne (2000), the environment and the economy : hedging our bets ed by Northampton, Energy Global Climate Change. ; Surkov (2014), On an optimal control problem for a nonlinear economic model Applied Mathematical, Sciences, 8, 171. ; Maksimov (2006), Computer analysis of the sensitivity of the integrated assessment model MERGE Lecture Notes in Computer, Science, 5, 3911. ; Manne (1995), MERGE - a model for evaluating regional and global effects of GHG reduction policies, Energy Policy, 23, 17, doi.org/10.1016/0301-4215(95)90763-W

DOI

10.1515/acsc-2015-0027

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