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- W2005676935 abstract "In this paper, we present a simple microeconomic model with linear continuous-time dynamics that describes a production-inventory system with debt repayment. This model is formulated in terms of optimal control and its exact solutions are derived by prudent application of the maximum principle under different sets of initial conditions (scenarios). For a potentially profitable small firm, we also propose some alternative (and not exactly bang-bang) short-term control strategies resulting in a positive final profit and prove their optimality. Practical implementation of such strategies is also discussed." @default.
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- W2005676935 date "2014-01-01" @default.
- W2005676935 modified "2023-09-26" @default.
- W2005676935 title "A linear dynamic model of production-inventory with debt repayment: optimal-choice management strategies" @default.
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- W2005676935 doi "https://doi.org/10.1504/ijmor.2014.064846" @default.
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