Optimal Production Planning Strategy for Deteriorating Items in Terms of Emission Tax, Pollution, and R&D Investment
| Author | Tadj, L. |
| Author | Garg, A.K. |
| Author | Hamdi, A. |
| Available date | 2023-09-24T07:55:32Z |
| Publication Date | 2018 |
| Publication Name | Springer Proceedings in Business and Economics |
| Resource | Scopus |
| Abstract | Firms are faced with the question of what policies to implement to ensure efficient abatement behavior? In this paper, we aim to determine the optimal production rate and the optimal investment rate in pollution abatement technology. The situation is modeled as an optimal control problem with two state variables and two control variables. The optimal trajectories, the optimal control, and the optimal objective function value are obtained explicitly in both cases where the firm adopts either a continuous-review policy or a periodic-review policy. A numerical example is presented. 2018, Springer International Publishing AG. |
| Language | en |
| Publisher | Springer Science and Business Media B.V. |
| Subject | Emission tax Optimal control Pollution abatement technology Production planning |
| Type | Conference Paper |
| Pagination | 119-141 |
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Mathematics, Statistics & Physics [740 items ]