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Journal of Dynamical and Control Systems

, Volume 11, Issue 2, pp 157–176 | Cite as

Attainable Set of a Nonlinear Controlled Microeconomic Model

  • E. V. Grigorieva
  • E. N. Khailov
Original Article

Abstract.

In this paper, a nonlinear dynamical controlled system of differential equations describing the process of production and sales of a perishable consumer good is studied. The price of the good is the control parameter. Attainable sets of the system are investigated. It is proved that only bang-bang controls with at most one switching can lead trajectories to the boundary of an attainable set. Thus, this boundary is formed by the union of two one-parameter curves; the parameter is the moment of switching. Attainable sets for different parameters of the model are constructed with the use of a computer program written in MAPLE. Possible economic applications are discussed.

Key words and phrases:

Attainable set nonlinear controlled system microeconomic dynamical model 

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Copyright information

© Springer Science+Business Media, Inc. 2005

Authors and Affiliations

  1. 1.Department of Mathematics and Computer ScienceTexas Woman’s UniversityDentonUSA
  2. 2.Department of Computer Mathematics and CyberneticsMoscow State UniversityMoscowRussia

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