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- Title
Optimization of financial and energy structure of productive capital.
- Authors
Hritonenko, N.; Yatsenko, Y.
- Abstract
Optimal control of special non-linear Volterra integral equations is used to optimize the structure and lifetime of age-dependent productive capital at an individual enterprise level. The equations describe a multifactor vintage capital model. The optimization problem is to select investment, specific capital cost, specific energy consumption and capital lifetime that maximize net profit on finite and infinite horizons. The structure of optimal trajectories is investigated and relevant relations among technological and financial parameters of the productive capital are established.
- Subjects
PRODUCTION engineering; STRUCTURAL optimization; STRATEGIC planning; VOLTERRA equations; CAPITAL costs; CAPITAL investments; SUPPLY chain management
- Publication
IMA Journal of Management Mathematics, 2006, Vol 17, Issue 3, p245
- ISSN
1471-678X
- Publication type
Article
- DOI
10.1093/imaman/dpi040