Title :
LQ optimal control for improved Metzlerian model
Author :
Liu, Xinghua ; Xia, Yu ; Xi, Hongsehng
Author_Institution :
Dept. of Auto, Univ. of Sci. & Technol. of China, Hefei, China
Abstract :
The Metzlerian inventory model is reconsidered in this paper and a controlled macroeconomic system is established based on the improved Metzlerian model. To obtain optimal control effect on GDP, the LQ optimal control for this system is stated in this paper. The paper gives the optimal control design and proves the global asymptotic stability of the design. Meanwhile, we use the data of overall targets of the national economy in 1995-2009 to make a empirical study and we verify the stability of this macroeconomic system.
Keywords :
asymptotic stability; economic indicators; inventory management; linear quadratic control; macroeconomics; GDP; LQ optimal control; Metzlerian inventory model; controlled macroeconomic system; global asymptotic stability; improved Metzlerian model; national economy; optimal control design; Asymptotic stability; Equations; Macroeconomics; Mathematical model; Optimal control; Public finance; Economic Cybernetics; Linear Quadratic Problem; Metzlerian Macroeconomic Model; Optimal Control;
Conference_Titel :
Control Conference (CCC), 2012 31st Chinese
Conference_Location :
Hefei
Print_ISBN :
978-1-4673-2581-3
