Econometrica Vol. 38 No. 3 1970
An Approximate Method for Solving a Continuous Time Allocation Problem
Abstract
[The problem consists in maximizing a concave functional--given as an integral--on a class of functions. A method based on approximating optimal solutions by step functions is suggested; approximations are found by solving concave programming problems of a special type. Some convergence theorems are proved and an estimate of the error in terms of values of the objective functional is given.]
- DOI
- 10.2307/1909553
- Volume
- 38
- Issue
- 3
- Pages
- 473
- Sources
- bibtex:phds-export.bib crossref openalex