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来源类型Conference or Workshop Item (Paper)
规范类型其他
Optimal control for sustainable consumption of natural resources.
Manzoor T; Aseev Sergey; Rovenskaya Elena; Muhammad A
发表日期2014
出处19th IFAC World Congress, 24-29 August 2014
出版年2014
语种英语
摘要In this paper we study optimal policies for a central planner interested in maximizing utility in an economy driven by a renewable resource. It is shown that the optimal consumption path is sustainable only when the intrinsic growth rate of the resource is greater than the social discount rate. The model is formulated as an infinite horizon optimal control problem. We deal with the mathematical details of the problem, develop a precise notion for optimality and establish the existence of optimal control at least when the condition for sustainability is met. We apply the appropriate version of the Pontryagin maximum principle and show a numerical simulation of the optimal feedback law. In the end we present the results along with physical interpretations.
主题Advanced Systems Analysis (ASA)
关键词control in Economics sustainability Systems Theory
URLhttp://pure.iiasa.ac.at/id/eprint/11223/
来源智库International Institute for Applied Systems Analysis (Austria)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/132511
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GB/T 7714
Manzoor T,Aseev Sergey,Rovenskaya Elena,et al. Optimal control for sustainable consumption of natural resources.. 2014.
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