Optimal Control of Investment, Level of Employment and Stockkeeping View Full Text


Ontology type: schema:Chapter     


Chapter Info

DATE

1994

AUTHORS

M. H. Breitner , B. Koslik , O. von Stryk , H. J. Pesch

ABSTRACT

Numerical simulations of microeconomic processes usually suffer from poor models and therefore often can not exhibit real phenomenons. We present a new, very complex model of an enterprise — deduced from the model of Lesourne at al. (1978) and Feichtinger at al. (1986), see Koslik et al. (1993) — including own capital distributed among the enterprise (part X) and alternative capital assets (part Xm), outside capital Y, level of employment L a stock S and a submodel with production and selling. The interest rate for outside capital ρk and the interest rate for alternative own capital assets ρm are taken from the real values of the last ten years (May 1983 to May 1993)2. For the inflation i we take i := ρm −0.05. For the own capital X the management of the enterprise has to pay a risk premium ρr,1X or ρr,2X dependend on the risk of the business. More... »

PAGES

60-63

Identifiers

URI

http://scigraph.springernature.com/pub.10.1007/978-3-642-46955-8_17

DOI

http://dx.doi.org/10.1007/978-3-642-46955-8_17

DIMENSIONS

https://app.dimensions.ai/details/publication/pub.1018923358


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