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Article
Optimization of financial and energy structure of productive capital
Mathematics Faculty Publications
  • N. Hritonenko, Prairie View A&M University
  • Y. Yatsenko, Houston Baptist University
Document Type
Article
Publication Date
1-1-2006
Abstract

Optimal control of special non-linear Volterra integral equations is used to optimize the structure and lifetime of age-dependent productive capital at an individual enterprise level. The equations describe a multifactor vintage capital model. The optimization problem is to select investment, specific capital cost, specific energy consumption and capital lifetime that maximize net profit on finite and infinite horizons. The structure of optimal trajectories is investigated and relevant relations among technological and financial parameters of the productive capital are established.

Citation Information
N. Hritonenko and Y. Yatsenko. "Optimization of financial and energy structure of productive capital" (2006)
Available at: http://works.bepress.com/natali-hritonenko/91/