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Numerical solution of a conspicuous consumption model with constant control delay()

We derive optimal pricing strategies for conspicuous consumption products in periods of recession. To that end, we formulate and investigate a two-stage economic optimal control problem that takes uncertainty of the recession period length and delay effects of the pricing strategy into account. This...

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Detalles Bibliográficos
Autores principales: Huschto, Tony, Feichtinger, Gustav, Hartl, Richard F., Kort, Peter M., Sager, Sebastian, Seidl, Andrea
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Pergamon Press 2011
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3256742/
https://www.ncbi.nlm.nih.gov/pubmed/22267871
http://dx.doi.org/10.1016/j.automatica.2011.06.004