Optimal Control Theory and Economic Policy Evaluation

Zhou Sifu, Lin Dejin, Qian Zhenying. Optimal Control Theory and Economic Policy Evaluation[J]. INFORMATION AND CONTROL, 1986, 15(6): 6-11.

Citation:

Zhou Sifu, Lin Dejin, Qian Zhenying. Optimal Control Theory and Economic Policy Evaluation[J]. INFORMATION AND CONTROL, 1986, 15(6): 6-11.

Citation:

Zhou Sifu, Lin Dejin, Qian Zhenying. Optimal Control Theory and Economic Policy Evaluation[J]. INFORMATION AND CONTROL, 1986, 15(6): 6-11.

Abstract

This paper derives at first the kernel of optimal control theory—the maxi-mum principle,and explains its two important formulae from the economicpoint of view.Next,the instability of economic policy and many other problemssuch as optimum decision in an economic system are discussed.

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