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The Optimal Policy of Dividends, Investments, and Capital Distribution for the Dynamic Model of a Company

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Abstract

Optimization of a dynamic production-finance model of a company utilizing two technological processes for producing a homogeneous product is investigated. The problem is formulated as an optimal control problem for a nonlinear object with phase and mixed constraints. Optimal programs and feedback controls are derived from sufficient conditions of optimality.

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REFERENCES

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Authors and Affiliations

  1. Belarussian State University, Minsk, Belarus

    O. R. Gabasov

  2. Institute of Mathematics, Belarussian National Academy of Sciences, Minsk, Belarus

    N. M. Dmitruk

Authors
  1. O. R. Gabasov
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  2. N. M. Dmitruk
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Gabasov, O.R., Dmitruk, N.M. The Optimal Policy of Dividends, Investments, and Capital Distribution for the Dynamic Model of a Company. Automation and Remote Control 62, 1349–1365 (2001). https://doi.org/10.1023/A:1010218031441

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  • DOI: https://doi.org/10.1023/A:1010218031441

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