Optimization of functionality development

Krasovskii AA, Tarasyev AM, & Watanabe C (2010). Optimization of functionality development. Applied Mathematics and Computation 217 (3): 1125-1134. DOI:10.1016/j.amc.2010.03.069.

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Abstract

The problem of regulation of logistic growth trends is examined in the framework of control theory for problems with infinite horizon. The problem statement is related to microeconomic models of dynamic optimization of a company's indicator of functionality development. Various control regimes of functionality development are studied for identification of plausible production trends. Optimal control problem is posed to optimize the utility function of logarithmic consumption index of the system entropy type. Solution of the problem is constructed in analysis of the Hamiltonian system and its algebraic properties. Based on this analysis nonlinear stabilizers are elaborated which lead the system to the steady state with the same growth rates as the optimal control regime. The model is tested on the real time series of dynamic trends of functionality development for two generations of mobile phones in Japan.

Item Type: Article
Uncontrolled Keywords: Nonlinear control systems; Economic design; Functionality development; Optimal stabilization
Research Programs: Dynamic Systems (DYN)
Bibliographic Reference: Applied Mathematics and Computation; 217(3):1125-1134 (1 October 2010) (Published online 17 March 2010)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 08:43
Last Modified: 19 Feb 2016 11:56
URI: http://pure.iiasa.ac.at/9166

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