Accession Number : AD0653746

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

Descriptive Note : Technical rept.,

Corporate Author : STANFORD UNIV CALIF INST FOR MATHEMATICAL STUDIES IN THE SOCIAL SCIENCES

Personal Author(s) : Seelenfreund,Alan

Report Date : 31 MAY 1967

Pagination or Media Count : 89

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.

Descriptors :   (*DECISION MAKING, *MANAGEMENT ENGINEERING), (*ECONOMICS, *MATHEMATICAL MODELS), BUDGETS, COSTS, ALGORITHMS, OPTIMIZATION, OPERATIONS RESEARCH, CONTROL SYSTEMS, SYSTEMS ENGINEERING, TRANSFORMATIONS(MATHEMATICS), FEASIBILITY STUDIES, GAME THEORY, THEOREMS, MATRICES(MATHEMATICS), INDUSTRIAL PRODUCTION

Subject Categories : Administration and Management
      Operations Research

Distribution Statement : APPROVED FOR PUBLIC RELEASE