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Mathematical Programming Solutions In Constrained Optimal Control

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  • Hertzler, Greg
  • Ibanez-Meier, Carlos

Abstract

Many economists are familiar with optimal control as a theoretical tool. However, the ability to empirically solve dynamic problems is limited. This paper introduces to the general Agricultural Economics audience a mathematical programming method which has been used success fully for over four years. The basic idea is a straightforward extension of static programming techniques already familiar to economists.

Suggested Citation

  • Hertzler, Greg & Ibanez-Meier, Carlos, 1984. "Mathematical Programming Solutions In Constrained Optimal Control," ISU General Staff Papers 198405010700001138, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genstf:198405010700001138
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