Optimal control of a harmonic oscillator: economic interpretations
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F13%3A00205549" target="_blank" >RIV/62156489:43110/13:00205549 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1063/1.4825886" target="_blank" >http://dx.doi.org/10.1063/1.4825886</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1063/1.4825886" target="_blank" >10.1063/1.4825886</a>
Alternative languages
Result language
angličtina
Original language name
Optimal control of a harmonic oscillator: economic interpretations
Original language description
Optimal control is a popular technique for modelling and solving the dynamic decision problems in economics. A standard interpretation of the criteria function and Lagrange multipliers in the profit maximization problem is well known. On a particular example, we aim to a deeper understanding of the possible economic interpretations of further mathematical and solution features of the optimal control problem: we focus on the solution of the optimal control problem for harmonic oscillator serving as a model for Phillips business cycle. We discuss the economic interpretations of arising mathematical objects with respect to well known reasoning for these in other problems.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
BA - General mathematics
OECD FORD branch
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Result continuities
Project
<a href="/en/project/GA13-25897S" target="_blank" >GA13-25897S: Non-holonomic constraints in optimal managing of dynamic economic systems in agriculture and natural resources</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
11th International Conference of Numerical Analysis and Applied Mathematics 2013: ICNAAM 2013, AIP Conference Proceedings
ISBN
978-0-7354-1184-5
ISSN
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e-ISSN
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Number of pages
4
Pages from-to
1835-1838
Publisher name
American Institute of Physics
Place of publication
Melville, New York
Event location
Rhodes, Greece
Event date
Sep 21, 2013
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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