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Solving Continuous-Time Optimal-Control Problems with a Spreadsheet

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  • Eric Nævdal

Abstract

The author explains how optimal-control problems can be solved with a common spreadsheet such as Microsoft Excel. He illustrates the method with several examples ranging from simple models to quite advanced topics. The method is intended to be beneficial to students and teachers working with complicated theory in the classroom as well as researchers needing a tool for finding numerical solutions to optimal control problems.

Suggested Citation

  • Eric Nævdal, 2003. "Solving Continuous-Time Optimal-Control Problems with a Spreadsheet," The Journal of Economic Education, Taylor & Francis Journals, vol. 34(2), pages 99-122, January.
    • Handle: RePEc:taf:jeduce:v:34:y:2003:i:2:p:99-122
    DOI: 10.1080/00220480309595206
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    Cited by:

    1. Amy Peng, 2009. "Introducing CGE Models to the Classroom Using EXCEL," Working Papers 013, Toronto Metropolitan University, Department of Economics.
    2. Varma, Jayanth R. & Virmani, Vineet, 2017. "Shiny Alternative for Finance in the Classroom," IIMA Working Papers WP 2017-03-05, Indian Institute of Management Ahmedabad, Research and Publication Department.
    3. Ernst Juerg Weber, 2005. "Optimal Control Theory for Undergraduates," Economics Discussion / Working Papers 05-07, The University of Western Australia, Department of Economics.
    4. Axelsen, Dan & Snarr, Hal W. & Friesner, Dan, 2009. "Teaching consumer theory to business students: an integrative approach," MPRA Paper 37249, University Library of Munich, Germany.

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