On Necessary Transversality Condition for Infinite Horizon Optimal Control Problems
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62690094%3A18450%2F11%3A10069313" target="_blank" >RIV/62690094:18450/11:10069313 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
On Necessary Transversality Condition for Infinite Horizon Optimal Control Problems
Original language description
The present paper is intended as a brief overview that involves infinite horizon optimal control problems in continuous time. Such problems can be frequently found in economic dynamics models and especially in the literature dealing with the economic growth. First, the analogy of necessary conditions as in Pontryagin maximum principle will be presented. Then some remarks on transversality condi-tions follow. The paper contains a few solved and illustrative problems as well with the purpose to better understand the abstract concepts.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
BB - Applied statistics, operational research
OECD FORD branch
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Result continuities
Project
<a href="/en/project/GA402%2F09%2F0405" target="_blank" >GA402/09/0405: Development of Non-standard Optimization Methods and their Applications in Economy and Management</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2011
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Mathematical methods in economics 2011 : part I. : proceedings
ISBN
978-80-7431-058-4
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
575-580
Publisher name
Professional publishing
Place of publication
Praha
Event location
Janská Dolina, Slovakia
Event date
Sep 6, 2011
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000309074600095