The optimal policy of dividends, investments, and capital distribution forthe dynamic model of a company

Authors
Gabasov, OR Dmitruk, NM
Citation
Or. Gabasov et Nm. Dmitruk, The optimal policy of dividends, investments, and capital distribution forthe dynamic model of a company, AUT REMOT R, 62(8), 2001, pp. 1349-1365
Citations number
4
Categorie Soggetti
AI Robotics and Automatic Control
Journal title
AUTOMATION AND REMOTE CONTROL
ISSN journal
00051179 → ACNP
Volume
62
Issue
8
Year of publication
2001
Pages
1349 - 1365
Database
ISI
SICI code
0005-1179(200108)62:8<1349:TOPODI>2.0.ZU;2-A
Abstract
Optimization of a dynamic production-finance model of a company utilizing t wo technological processes for producing a homogeneous product is investiga ted. The problem is formulated as an optimal control problem for a nonlinea r object with phase and mixed constraints. Optimal programs and feedback co ntrols are derived from sufficient conditions of optimality.