Dynamical model of R&D investment

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| 2001年 / Nauka Moscow卷 / 65期
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Differential equations - Economics - Mathematical techniques - Maximum principle - Production;
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摘要：
A two-dimensional investment process model is considered that describes a change of production and accumulated investments volumes. The current investments volume serves as control. The usefulness function from logarithm of consumption index with discounting factor in the form of integral at semi-infinite interval is chosen as a criterion. The Pontryagin maximum principle is used for solving the problem.
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