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Optimal Control Synthesis in a Ramsey-Type Model.
- Source :
-
Computational Mathematics & Mathematical Physics . Sep2024, Vol. 64 Issue 9, p1939-1973. 35p. - Publication Year :
- 2024
-
Abstract
- A mathematical description of the economic behavior of a representative household in an imperfect market of consumer loans and deposits is studied. The model is formalized as a finite-horizon optimal control problem. A classification of the behavior of social layers depending on market condition parameters is obtained. An infinite-horizon optimal control synthesis is constructed. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 09655425
- Volume :
- 64
- Issue :
- 9
- Database :
- Academic Search Index
- Journal :
- Computational Mathematics & Mathematical Physics
- Publication Type :
- Academic Journal
- Accession number :
- 180733882
- Full Text :
- https://doi.org/10.1134/S0965542524701112