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Investissements, utilisation de capacité productive et amortissements : politiques optimales

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  • Charles S. Tapiero
  • Armand Leinekugel-Le Cocq

Abstract

[fre] Investissements, utilisation de capacité productive et dépréciation: politiques optimales. . En appliquant la théorie de commande optimale à un modèle dynamique de l'entreprise, il est possible de déterminer les politiques optimales en matière d'investissements, d'utilisation de capacité productive et de dépréciation. La dépréciation n'est envisagée ici que sous son aspect économique.. Le modèle tient compte du fait que l'entreprise n'opère pas en parfaite compétition et n'utilise pas complètement sa capacité productive.. La maximisation de la valeur actualisée des profits de l'entreprise conduit ainsi à des relations qui constituent une généralisation de Jorgenson et de la théorie néo­classique. [eng] Investments, capacity utilization and depreciation: optimal policies. . Investment allocation policies, capacity utilization rates and deprciation cules can be established on an optimum basis through the incorporation of « optimum control theory » equations info a dynamic corporate model. Depreciation patterns are established on the basis of purely economical considerations. One of the studying hypotheses in developing the model was that firms do not operate in a perfect competition environnent of at full capacity. Application of this model to the same situations envisagea by Jorgenson and by the developers of the neo-classical theory leads to the same results obtained by these economists when maximizing the present value of profits. Thus, this model allows extending the use of this planning tool to a arger number of real-life situations.

Suggested Citation

  • Charles S. Tapiero & Armand Leinekugel-Le Cocq, 1973. "Investissements, utilisation de capacité productive et amortissements : politiques optimales," Revue Économique, Programme National Persée, vol. 24(3), pages 442-459.
    • Handle: RePEc:prs:reveco:reco_0035-2764_1973_num_24_3_408092
    DOI: 10.3406/reco.1973.408092
    Note: DOI:10.3406/reco.1973.408092
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    References listed on IDEAS

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    1. William J. Baumol, 1971. "Optimal Depreciation Policy: Pricing the Products of Durable Assets," Bell Journal of Economics, The RAND Corporation, vol. 2(2), pages 638-656, Autumn.
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