标题:Application of optimal control and stabilization to an infinite time horizon problem under constraints * * The research was supported by the Russian Science Foundation (project No. 15-11-10018).
摘要:AbstractIn modeling the dynamics of capital, the Ramsey equation coupled with the Cobb-Douglas production function is reduced to a linear differential equation by means of the Bernoulli substitution. This equation is used in the optimal growth problem with logarithmic preferences. We consider a vector field of the Hamiltonian system in the Pontryagin maximum principle, taking into account control constraints. We prove the existence of two alternative steady states, depending on the constraints. A proposed algorithm for constructing growth trajectories combines methods of open-loop control and closed-loop stabilizing control. Results are supported by modeling examples.
关键词:KeywordsOptimal controlControl applicationsEconomic systemsSteady states