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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

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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.

Metadaten
Titel
An Application of Control Theory to the Economic Analysis of the Firm’s Management in Centrally Planned Economy
verfasst von
Krystyna Strzała
Copyright-Jahr
1988
Verlag
Springer Berlin Heidelberg
DOI
https://doi.org/10.1007/978-3-642-73778-7_146