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Optimal Control of the Vidale-Wolfe Advertising Model

โœ Scribed by Suresh P. Sethi


Book ID
120604476
Publisher
INFORMS
Year
1973
Tongue
English
Weight
475 KB
Volume
21
Category
Article
ISSN
0030-364X

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๐Ÿ“œ SIMILAR VOLUMES


On the optimal control of the Vidale-Wol
โœ Richard D. Edie ๐Ÿ“‚ Article ๐Ÿ“… 1997 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 275 KB ๐Ÿ‘ 2 views

The free endpoint infinite horizon problem (P) based on the Vidale -Wolfe advertising model 1 with a time-varying market is stated as follows: -ฯt d t over all measurable control functions u(t) 0 subject to the constraints The Vidale -Wolfe advertising model describes the problem in economics of m

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## Abstract This paper deals with an optimal advertising model with two state variables. The revenue and efficiency functions are concave. The aim is to choose the rate of advertising expenditures over time in a way that maximizes the present value of net profit streams over an infinite horizon sub