1988 | OriginalPaper | Buchkapitel
An Application of Control Theory to the Economic Analysis of the Firm’s Management in Centrally Planned Economy
verfasst von : Krystyna Strzała
Erschienen in: DGOR/NSOR
Verlag: Springer Berlin Heidelberg
Enthalten in: Professional Book Archive
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Aspects of decision making process at the firm level in centrally planned economy (manager’s motivation, the ‘desired state’ of a firm) are discussed. To solve a quadratic-linear tracking model an Algorithm based on the Discrete-Minimum Principle proposed by R.S. Pindyck is used. The results of optimal control experiments aiming at the optimization of the firm’s position made on a small econometric model for building enterprise in Poland are presented and discussed.