Solving Nonstationary Infinite Horizon Dynamic Optimization Problems
نویسندگان
چکیده
منابع مشابه
Solving Nonstationary Infinite Horizon Dynamic Optimization Problems∗
Monotonicity of optimal solutions to finite horizon dynamic optimization problems is used to prove the existence of a forecast horizon, i.e a long enough planning horizon that ensures that a first period optimal action for the infinite horizon and the finite horizon problem agree, regardless of problem parameter changes in the tail. The existence of extremal monotone optimal solutions motivates...
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ژورنال
عنوان ژورنال: Journal of Mathematical Analysis and Applications
سال: 2000
ISSN: 0022-247X
DOI: 10.1006/jmaa.1999.6694