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ISSN: 2333-9721
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-  2011 

Solution of a simplified advertising model using optimal control techniques

Keywords: advertising model, optimal control, concentrated parameters, Pontryagin maximum principle.

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Abstract:

In this article we present a simplification of the distributed model of advertising by formulating it as a family of optimal control problems with concentrated parameters. We consider two simplified models: linear and non-linear. Linear model is solved analytically using the maximum principle. To solve non-linear model, we construct a numerical algorithm based on two nonconventional increment formulae for the objective functional

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