Solving Continuous-Time Optimal- Control Problems with a Spreadsheet

The author explains how optimal-control problems can be solved with a common spreadsheet such as Microsoft Excel. He illustrates the method with several examples ranging from simple models to quite advanced topics. The method is intended to be beneficial to students and teachers working with complicated theory in the classroom as well as researchers needing a tool for finding numerical solutions to optimal control problems.

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Year of publication:	2003
Authors:	Eric NÃ¦vdal
Published in:	Journal of Economic Education. - Helen Dwight Reid Foundation, ISSN 0022-0485. - Vol. 34.2003, 2, p. 99-122
Publisher:	Helen Dwight Reid Foundation
Subject:	numerical methods \| optimal control \| shooting

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Extent:	application/pdf
Type of publication:	Article
Classification:	A23 - Graduate ; C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; C63 - Computational Techniques
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005405134