Shooting Method for Boundary Value Problems of Ordinary Differential Equations in Economics

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62690094%3A18450%2F22%3A50019537" target="_blank" >RIV/62690094:18450/22:50019537 - isvavai.cz</a>
Result on the web
<a href="https://mme2022.vspj.cz/proceedings" target="_blank" >https://mme2022.vspj.cz/proceedings</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Shooting Method for Boundary Value Problems of Ordinary Differential Equations in Economics
Original language description
Optimal control problems over the finite time horizon often lead to the solution of nonlinear ordinary differential equations with given boundary conditions. These problems are known as boundary value problems. There are several numerical methods for solving such problems. This paper mainly deals with the shooting method. Then, a variant of bisection method for solving nonlinear equations is introduced to find a suitable initial condition. The given procedure is also applied to a particular nonlinear dynamics economic model dealing with optimal consumption. All calculations are realized using MATLAB
Czech name
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Czech description
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Publication year
2022
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
40th International Conference Mathematical Methods in Economics 2022 Proceedings
ISBN
978-80-88064-62-6
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
300-305
Publisher name
College of Polytechnics Jihlava
Place of publication
Jihlava
Event location
Jihlava
Event date
Sep 7, 2022
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000936355000047

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