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Automation and Remote Control

, Volume 63, Issue 1, pp 1–13 | Cite as

Optimal and Admissible Programs of Credit Control

  • V. V. Tokarev
Article
  • 30 Downloads

Abstract

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.

Keywords

Mechanical Engineer System Theory Production Function Economic Environment Boundary Problem 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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REFERENCES

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    Tokarev, V.V., Nonimproving Extension and Structure of the Extremals in the Control of Credits, Avtom.Telemekh., 2001, no. 9, pp. 42–53.Google Scholar
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    Ivanov, Yu.N., Simunek, V., and Sotnikova, R.A., Optimal Credit Policy of the Enterprise and Bank, Ekon.Mat.Metody, 1999, vol. 35, no. 4, pp. 19–38.Google Scholar
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    Tokarev, V.V., On the Signs of Pulses in the Problems of Optimal Control with Fixed Trajectory Ends, Avtom.Telemekh., 2001, no. 8, pp. 46–55.Google Scholar
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    Tokarev, V.V., Guranteed and Probabilistic Control in Economics, in Upravlenie ekonomikoi' perekhodnogo perioda (Control of Transient Economics), Makarov, V.V., Ed., Moscow: Nauka, 1998, no. 2.Google Scholar

Copyright information

© MAIK “Nauka/Interperiodica” 2002

Authors and Affiliations

  • V. V. Tokarev
    • 1
  1. 1.Higher School of EconomicsState UniversityMoscowRussia

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