We tackle the problem of an economous and ambitious student with variable and bounded final time. We answer the questions of existence and uniqueness of the optimal solution positively and obtain that solution explicitly. Furthermore, we suggest a marketing interpretation of a slightly modified problem: determining an optimal advertising policy for a new product.
An optimal-control student problem and a marketing counterpart
BURATTO, ALESSANDRA;VISCOLANI, BRUNO
1994
Abstract
We tackle the problem of an economous and ambitious student with variable and bounded final time. We answer the questions of existence and uniqueness of the optimal solution positively and obtain that solution explicitly. Furthermore, we suggest a marketing interpretation of a slightly modified problem: determining an optimal advertising policy for a new product.File in questo prodotto:
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