IDEAS home Printed from https://ideas.repec.org/p/cmu/gsiawp/1647560876.html
   My bibliography  Save this paper

An Optimal Control Model of Technology Transition

Author

Listed:

Abstract

This paper discusses the use of optimization software to solve an optimal control problem arising in the modeling of technology transition. We set up a series of increasingly complex models with such features as learning-by-doing, adjustment cost, and capital investment. The models are written in continuous time and then discretized by using di fferent methods to transform them into large-scale nonlinear programs. We use a modeling language and numerical optimization methods to solve the optimization problem. Our results are consistent with ndings in the literature and highlight the impact the discretization choice has on the solution and accuracy.

Suggested Citation

  • Donald A. Hanson & Yaroslav Kryukov & Sven Leyffer & Todd S. Munson, "undated". "An Optimal Control Model of Technology Transition," GSIA Working Papers 2009-E24, Carnegie Mellon University, Tepper School of Business.
  • Handle: RePEc:cmu:gsiawp:1647560876
    as

    Download full text from publisher

    File URL: https://student-3k.tepper.cmu.edu/gsiadoc/wp/2009-E24.pdf
    Download Restriction: no

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cmu:gsiawp:1647560876. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Steve Spear). General contact details of provider: http://www.tepper.cmu.edu/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.