International Conference «Mathematical and Information Technologies, MIT-2016»
Bolodurina I. Golovatskaia E. Khanzhina N.Optimal control of human capital allocation for piecewise smooth dynamic modelReporter: Bolodurina I.
The article presents optimal control of human capital allocation under the condition of smoothness abnormality in the right-hand member of the dynamic system. It describes an individual’s behavior who strives to leave to his/her heirs the maximum of cash and tries to get the maximum utility through controlling expenditures and time consumption for work and studies. The objective function of the model maximizes the human life utility. The latter is formed by the human capital development and financial savings for heirs. 1. Pohmer, K. Microeconomic theory of individual and group incomes. – Studies in Contemporary Economics, Vol.16. – Berlin; Heidelberg; New York; Tokyo: Springer-Verlag, 1985. – 214 p. 2. Maximova, V.F. The investment into of human capital/ manual/ V.F. Maximova. - M.: Eurasian Open University, 2010. - 54 p. 3. Andreeva, E.A. Mathematical modelling: manual / E.A. Andreeva, V.M. Tziruleva. - Tver: Tver State University, 2004. - 502 p. To reports list |