Title :
The sensitivity of optimal public investment for regional development
Author :
Hanson, D.A. ; Perkins, W.R. ; Cruz, J.
Author_Institution :
Ohio State University
Abstract :
In this paper the discrete-time optimal control sensitivity problem is stated and a computationally convenient solution algorithm is reviewed. The algorithm is used to calculate the sensitivity of optimal public investment with respect to parameters in a regional model and welfare index. Implications of these results for regional development strategies are discussed.
Keywords :
Humans; Investments; Optimal control; Strategic planning;
Conference_Titel :
Decision and Control including the 12th Symposium on Adaptive Processes, 1973 IEEE Conference on
Conference_Location :
San Diego, CA, USA
DOI :
10.1109/CDC.1973.269174
