Applications to Management Science Suresh P. Sethi, Gerald L. Thompson ... It can be easily shown that the optimal solution for this problem is 1. r -- - , a - - - : g/r for t = T p * r-p 0 , otherwise. ... then the rate at which the firm earns money is less than the discount rate (or, the rate the stockholders require on their investments).
|Title||:||Solutions Manual for Optimal Control Theory|
|Author||:||Suresh P. Sethi, Gerald L. Thompson|
|Publisher||:||Springer Science & Business Media - 2013-04-17|