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Harrod method in the differential form has a discrete character and the resulting growth of economy exponentially is insubstantial. The mistake is based on adjunction of the capital and annual income through a constant ratio. This becomes clear from the positions of study of dimensionality of...
Persistent link: https://www.econbiz.de/10010726762
Method of dynamic programming (MDP) of Bellman is exceptionally efficient for solving a wide class of tasks of economic and mathematical modelling. In a number of cases MDP has no alternative. Meanwhile, statements of specialists with respect to correctness of justification of MDP and also with...
Persistent link: https://www.econbiz.de/10010687757