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|Title:||A general delta-nabla calculus of variations on time scales with application to economics|
Torres, D. F. M.
|Keywords:||Application to economics|
Calculus of variations
Equations of motion
Delta and nabla integrals
|Abstract:||We consider a general problem of the calculus of variations on time scales with a cost functional that is the composition of a certain scalar function with delta and nabla integrals of a vector valued field. Euler-Lagrange delta-nabla differential equations are proved, which lead to important insights in the process of discretisation. Application of the obtained results to a firm that wants to program its production and investment policies to reach a given production rate and to maximise its future market competitiveness is discussed.|
|Appears in Collections:||CIDMA - Artigos|
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