Optimal and Admissible Programs of Credit Control
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The study of optimal credit policy of a developing enterprise was continued with the aim of establishing and analyzing the finite formulas for the final boundary problem of the maximum-principle procedure. Advisability of the pulse crediting as opposed to the continuous crediting and no-credit development, as well as the advantages of the optimal relay payment of debt as compared with the admissible uniform payment were estimated from the point of view of enterprise. The qualitative features stemming from the nonlinearity of the enterprise production function were discussed. Considerations on managing credits in an unstable economic environment were presented.
KeywordsMechanical Engineer System Theory Production Function Economic Environment Boundary Problem
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