Study on distributional systems with economic applications
Filomat, Tome 37 (2023) no. 30, p. 10355
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In the present work, two optimal control systems with economic applications are investigated, concerning the minimum cost of production and storage. The framework of distributional systems is used in the study of controllability, applying Lie geometric methods. In both cases of holonomic and nonholonomic distributions, Pontryagin's Maximum Principle leads to optimal solutions. In the case of a non-linear equation, a numerical solution is used. Finally, some numerical examples with graphical representations are given.
Classification :
49K35, 91B02
Keywords: Optimal control, Distributional systems, Controllability, Economic applications
Keywords: Optimal control, Distributional systems, Controllability, Economic applications
Liviu Popescu; Esmaeil Peyghan; Ramona Dimitrov; Gabriel Tica. Study on distributional systems with economic applications. Filomat, Tome 37 (2023) no. 30, p. 10355 . doi: 10.2298/FIL2330355P
@article{10_2298_FIL2330355P,
author = {Liviu Popescu and Esmaeil Peyghan and Ramona Dimitrov and Gabriel Tica},
title = {Study on distributional systems with economic applications},
journal = {Filomat},
pages = {10355 },
year = {2023},
volume = {37},
number = {30},
doi = {10.2298/FIL2330355P},
language = {en},
url = {http://geodesic.mathdoc.fr/articles/10.2298/FIL2330355P/}
}
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