• norsk
    • English
  • English 
    • norsk
    • English
  • Login
View Item 
  •   Home
  • Norges Handelshøyskole
  • Department of Business and Management Science
  • Discussion papers (FOR)
  • View Item
  •   Home
  • Norges Handelshøyskole
  • Department of Business and Management Science
  • Discussion papers (FOR)
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

A method for numerical and analytical solutions to a class of nonlinear optimal control problems

Sandal, Leif Kristoffer; Berge, Gerhard
Working paper
Thumbnail
View/Open
sandal leif k 0204.pdf (200.2Kb)
URI
http://hdl.handle.net/11250/164067
Date
2004-02
Metadata
Show full item record
Collections
  • Discussion papers (FOR) [514]
Abstract
Dynamic optimization problems cover a great class of problems in theoretical and applied economics and technology. In this account the exploitation of a general renewable capital stock is modeled through an alternative formulation to the classical optimal control approach. We propose a very simple alternating iterative algorithm that is shown to converge very fast towards a solution, where the accuracy of the solution can also be determined. The algorithm can also produce approximate closed form (analytical) feedback solutions. By using a special simple seed in the iteration scheme we reproduce perturbation results (formulae) that are published in the last decade. Often only two or three iteration steps are necessary to produce sufficiently accurate approximations.
Publisher
Norwegian School of Economics and Business Administration. Department of Finance and Management Science
Series
Discussion paper
2004:2

Contact Us | Send Feedback

Privacy policy
DSpace software copyright © 2002-2019  DuraSpace

Service from  Unit
 

 

Browse

ArchiveCommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsDocument TypesJournalsThis CollectionBy Issue DateAuthorsTitlesSubjectsDocument TypesJournals

My Account

Login

Statistics

View Usage Statistics

Contact Us | Send Feedback

Privacy policy
DSpace software copyright © 2002-2019  DuraSpace

Service from  Unit