Title

Structure of optimal trajectories in a nonlinear dynamic model with endogenous delay

Document Type

Article

Publication Date

12-1-2004

Abstract

An exact solution is constructed to a nonlinear optimization problem in an integral dynamic model with delay. The problem involves the unknown duration of the delay and has important applications to the optimal replacement of capital equipment under technological change. Copyright © 2004 Hindawi Publishing Corporation. All rights reserved.

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