11223 7 51437 2 139241 document 51437 Optimal Control for Sustainable Consumption of Natural Resources.pdf application/pdf aa2b485d6a20e7253edc572ef9ee1e1f MD5 331481 2016-04-26 07:55:25 https://pure.iiasa.ac.at/id/eprint/11223/1/Optimal%20Control%20for%20Sustainable%20Consumption%20of%20Natural%20Resources.pdf 11223 1 1 application/pdf text en public cc_by

Optimal Control for Sustainable Consumption of Natural Resources.pdf

published 51464 2 139352 document 51464 lightbox.jpg image/png 49b3fa606d4869b3f87b462e648b323a MD5 53006 2016-04-26 09:05:30 https://pure.iiasa.ac.at/id/eprint/11223/2/lightbox.jpg 11223 2 2 image/png other Thumbnails conversion from text to thumbnail_lightbox en public

lightbox.jpg

http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/51437 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/51437 http://eprints.org/relation/islightboxThumbnailVersionOf https://pure.iiasa.ac.at/id/document/51437 51465 2 139353 document 51465 preview.jpg image/png 5603be5b7ac4c740ebf55d5d80c03172 MD5 20510 2016-04-26 09:05:31 https://pure.iiasa.ac.at/id/eprint/11223/3/preview.jpg 11223 3 3 image/png other Thumbnails conversion from text to thumbnail_preview en public

preview.jpg

http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/51437 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/51437 http://eprints.org/relation/ispreviewThumbnailVersionOf https://pure.iiasa.ac.at/id/document/51437 51466 2 139354 document 51466 medium.jpg image/png be4ee3449b50b6c91c7c3549bb919b29 MD5 5962 2016-04-26 09:05:32 https://pure.iiasa.ac.at/id/eprint/11223/4/medium.jpg 11223 4 4 image/png other Thumbnails conversion from text to thumbnail_medium en public

medium.jpg

http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/51437 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/51437 http://eprints.org/relation/ismediumThumbnailVersionOf https://pure.iiasa.ac.at/id/document/51437 51467 2 139355 document 51467 small.jpg image/png 2bfa5e8f18f2b434c1a47c2afbd6f9b3 MD5 1638 2016-04-26 09:05:32 https://pure.iiasa.ac.at/id/eprint/11223/5/small.jpg 11223 5 5 image/png other Thumbnails conversion from text to thumbnail_small en public

small.jpg

http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/51437 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/51437 http://eprints.org/relation/issmallThumbnailVersionOf https://pure.iiasa.ac.at/id/document/51437 51468 1 139356 document 51468 indexcodes.txt text/x-pascal bcaad581bbdc3ae4fc5565b2891b9050 MD5 7007 2016-04-26 09:05:33 https://pure.iiasa.ac.at/id/eprint/11223/6/indexcodes.txt 11223 6 6 text/x-pascal other Generate index codes conversion from text to indexcodes en public

indexcodes.txt

http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/51437 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/51437 http://eprints.org/relation/isIndexCodesVersionOf https://pure.iiasa.ac.at/id/document/51437 archive 351 disk0/00/01/12/23 2016-01-15 08:52:05 2021-08-27 17:24:42 2016-01-15 08:52:05 conference_item show 1 Manzoor T. Aseev Sergey 6509 Rovenskaya Elena 8206 0000-0002-2761-3443 Muhammad A. pub iis_sys prog_asa control in Economics; sustainability; Systems Theory 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. 2014-08 published 10.3182/20140824-6-ZA-1003.01474 XP-14-018 In: E. Boje and X. Xia (Eds.); Proceedings, 19th IFAC World Congress; 24-29 August 2014, Capetown, South Africa pp.10725-10730 (2014) IFAC Proceedings Volumes (IFAC-PapersOnline), Vol. 19 [doi:10.3182/20140824-6-ZA-1003.01474] 19 260 public paper 10725-10730 19th IFAC World Congress 24-29 August 2014 conference TRUE Boje E. (Eds.) X. Xia FALSE info:eu-repo/semantics/conferenceObject