On the Maximum Principle for a Class of Discrete Dynamical Systems with Lags
Journal of Optimization Theory and Applications, Vol. 19, No. 3, pp. 445-454, July 1976
Management Sciences Research Report No. 262
10 Pages Posted: 21 Jun 2009 Last revised: 31 Jan 2019
Date Written: November 1, 1971
Abstract
A maximum principle for a class of discrete systems with lags is established constructively within the framework of discrete optimal control theory. An application of the maximum principle to a problem in advertising concludes the paper.
PDF Version: Sethi, S.P. and Burdet, C.-A., "On the Maximum Principle for Discrete Dynamical Systems with Lags," Management Sciences Research Report No. 262, GSIA, Carnegie-Mellon University, November 1971.
Keywords: Necessary conditions, advertising models, discrete maximum principle, directional convexity, optimal control
JEL Classification: C61, M37
Suggested Citation: Suggested Citation