Abstract
In economic decision making the common approach to obtain adaptive regulators is to combine Bellman’s principle of optimality with an originally only technically motivated perturbation analysis [1]; [4]. In order to operate from the end of the planning horizon backward the main difficulty in practical applications of this methodology is caused by the lack of information. This paper presents a somewhat other approach. A two-stage-combination of a nominal feedback control with a feedforward perturbation control is proposed.
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References
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© 1983 Springer-Verlag Berlin Heidelberg
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Leserer, M. (1983). A Fine-Tuning Scheme for Economic Decision Rules. In: Gruber, J. (eds) Econometric Decision Models. Lecture Notes in Economics and Mathematical Systems, vol 208. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-46464-5_8
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DOI: https://doi.org/10.1007/978-3-642-46464-5_8
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-11554-0
Online ISBN: 978-3-642-46464-5
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