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Article
Age-structured PDEs in economics, ecology, and demography: Optimal control and sustainability
Mathematics Faculty Publications
  • Natali Hritonenko, Prairie View A&M University
  • Yuri Yatsenko, Houston Baptist University
Document Type
Article
Publication Date
10-1-2010
Abstract

Optimal control of partial differential equations arises in population ecology, economics, and demography. The consistency of mathematical treatment is demonstrated for the Lotka-McKendrick model and its nonlinear modifications of increasing complexity. The obtained qualitative optimal dynamics show that the models have either the bang-bang structure of optimal controls or follow balanced growth dynamics. © Taylor & Francis Group, LLC.

Citation Information
Natali Hritonenko and Yuri Yatsenko. "Age-structured PDEs in economics, ecology, and demography: Optimal control and sustainability" (2010)
Available at: http://works.bepress.com/natali-hritonenko/6/