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Dtic Ad0684079%3a Applications Of Mathematical Control Theory To Accounting And Budgeting. I. The Continuous Wheat Trading Model by Defense Technical Information Center

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1DTIC AD0684079: APPLICATIONS OF MATHEMATICAL CONTROL THEORY TO ACCOUNTING AND BUDGETING. I. THE CONTINUOUS WHEAT TRADING MODEL

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A brief introduction to continuous mathematical control theory is presented. A model having two state variable accounts, cash and wheat, is defined by means of differential equations. Adjoint functions, the Hamiltonian function, and the optimum (bang-bang) policy are derived. Interpretations of the Hamiltonian and switching functions and a numerical example are given. The results are extended to the case where transaction costs and spoilage costs are incurred.

“DTIC AD0684079: APPLICATIONS OF MATHEMATICAL CONTROL THEORY TO ACCOUNTING AND BUDGETING. I. THE CONTINUOUS WHEAT TRADING MODEL” Metadata:

  • Title: ➤  DTIC AD0684079: APPLICATIONS OF MATHEMATICAL CONTROL THEORY TO ACCOUNTING AND BUDGETING. I. THE CONTINUOUS WHEAT TRADING MODEL
  • Author: ➤  
  • Language: English

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