An Optimal Control Problem for Borrowing

被引:0
作者
Grigorieva E. [1 ]
Khailov E.N. [2 ]
机构
[1] Department of Mathematics and Computer Sciences, Texas Woman’s University, Denton, 76204, TX
[2] Lomonosov Moscow State University, Faculty of Computation Mathematics and Cybernetics, Moscow
关键词
enterprise profit maximization; optimal control;
D O I
10.1007/s10598-014-9254-x
中图分类号
学科分类号
摘要
We consider the problem of maximizing the weighted average of the final stock of production assets of a firm and its retained earnings accumulated on a given time interval. The firm has bank debt and distributes its entire current profit between financing of future growth, repayment of bank debt, and retained earnings. A detailed analysis of the optimal control problem is carried out. The results are discussed. © 2014, Springer Science+Business Media New York.
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页码:14 / 34
页数:20
相关论文
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