Analysis of optimal production and advertising policies

International Journal of Systems Science

Volumn 27, Issue 12, 1996, Pages 1297-1305

  Cho, Danny I ^a  

^a UNIVERSITY OF NORTHERN BRITISH COLUMBIA   (Canada)

Author keywords

[No Author keywords available]

Indexed keywords

ALGORITHMS; COSTS; ECONOMICS; INVENTORY CONTROL; MARKETING; NUMERICAL ANALYSIS; PLANNING; PRODUCTION CONTROL;

ADVERTISING POLICIES; OPTIMAL PRODUCTION; PRODUCTION COST FUNCTION; PURE STATE INEQUALITY CONSTRAINT; TIME DEPENDENT DEPRECIATION RATE;

SYSTEMS ANALYSIS;

EID: 0030403231     PISSN: 00207721     EISSN: 14645319     Source Type: Journal    
DOI: 10.1080/00207729608929336     Document Type: Article

References (10)

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2. Hartl, R. F., Sethi, S. P., and Vickson, R. G., 1992. A survey of the maximum principle for optimal control problems with pure state constraints. Research Report, Institute of Econometrics, Technical University of Vienna, Austria.
3. Hestenes, M. R., 1966, Calculus of Variations and Optimal Control Theory (Wiley)
4. Holt, C. G., Modigliani, F., Muth, J., and Simon, H., 1960, Planning Production, Inventories and Work Force (Englewood Cliffs, New Jersey, U.S.A.: Prentice Hall).
5. Johnson, C. D., and Gibson, J. E., 1963, Singular solution in problems of optimal control. IEEE Transactions on Automatic Control, 8,4-15.
6. Nerlove, M., and Arrow, K. J., 1962, Optimal advertising policy under dynamic conditions. Economica, 39, 129-142.
7. Parlar, M., 1986, A problem in jointly optimal production and advertising decisions. International Journal of Syslems Science, 17, 1373-1380.
8. Pontryagin, L. S., Boltyanskii, V. G., Gamkrelidze, R. V., and Mishchenko, E. F., 1962, The Mathematical Theory of Optimal Processes (Wiley).
9. Roberts, S. M., and Shipman, J. S., 1972, Two Point Boundary Value Problems: Shooting Methods (New York: American Elsevier).
10. Russak, I B., 1970, On problems with bounded state variables. Journal of Optimization: Theory and Application, 5, 114-157.