Accession Number:

ADA142281

Title:

A Steady-State Version of a Dynamic Optimal Budgeting Problem

Descriptive Note:

Scientific rept.,

Corporate Author:

GEORGE WASHINGTON UNIV WASHINGTON DC INST FOR MANAGEMENT SCIENCE AND ENGINEERING

Personal Author(s):

Report Date:

1984-04-16

Pagination or Media Count:

28.0

Abstract:

We present and justify a steady-state version of a dynamic optimal budgeting problem arising in the Resource Dynamics project. The steady-state model is first reduced to closed form, and then it is analyzed for each of two choices of objective function. Optimal solutions can be found numerically, and are presented for current values of the input data. The numerical results obtained closely approximate those from a piecewise linear approximation to the dynamic version of the problem.

Subject Categories:

  • Administration and Management
  • Numerical Mathematics

Distribution Statement:

APPROVED FOR PUBLIC RELEASE