Publication details
On the constraints in optimal managing of natural resources systems
| Authors | |
|---|---|
| Year of publication | 2013 |
| Type | Article in Proceedings |
| Conference | 31st International Conference Mathematical Methods in Economics 2013 |
| MU Faculty or unit | |
| Citation | |
| Field | General mathematics |
| Keywords | natural resources; bioeconomics; constraints; nonholonomic; vakonomic; dynamic optimization |
| Description | This contribution serves as an introductory study of constrained systems arising in the natural resources modeling. We focus on two non-equivalent treatments of such constrained dynamical systems (so called vakonomic and nonholonomic approaches), we discuss the possibility to improve the optimal control models for natural resources systems using nonlinear techniques and, as a test case, we formulate a generalized anti-pollution policy problem. |