Abstract
In the present paper the discretization of a particular model arising in
the economic field of innovation diffusion is developed. It consists of
an optimal control problem governed by an ordinary differential
equation. We propose a direct optimization approach characterized by an
explicit, fixed step-size continuous Runge-Kutta integration for the
state variable approximation. Moreover, high-order Gaussian quadrature
rules are used to discretize the objective function. In this way, the
optimal control problem is converted into a nonlinear programming one
which is solved by means of classical algorithms.
Anno
2004
Autori IAC
Tipo pubblicazione
Altri Autori
Diele F., Marangi C., Ragni S.
Editore
Springer
Rivista
Lecture notes in computer science