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CONTROL STRATEGY FOR SPATIAL TRADE MODELS INCORPORATING TRANSPORTATION COSTS.

Publication ,  Journal Article
Garg Devendra, P
Published in: Wyoming University, Water Resources Research Institute, Water Resources Series
1973

A spatial trade model consisting of several suppliers and markets for shipping and receiving a commodity is examined under an assumption of perfect competition. The proposed dynamic model incorporates the effects of transportation costs separating suppliers from markets. Maximization of a suitably defined social pay-off function leads to an optimal control of the dynamic system. The control law is arrived at using a computational algorithm. A numerical example illustrates the application of this algorithm.

Duke Scholars

Devendra P. Garg
Author Devendra P. Garg Thomas Lord Department of Mechanical Engineering and Materia ...

Published In

Wyoming University, Water Resources Research Institute, Water Resources Series

Publication Date

1973

Start / End Page

321 / 327

Location

Columbus, OH, USA
 

Citation

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Garg Devendra, P. (1973). CONTROL STRATEGY FOR SPATIAL TRADE MODELS INCORPORATING TRANSPORTATION COSTS. Wyoming University, Water Resources Research Institute, Water Resources Series, 321–327.
Garg Devendra, P. “CONTROL STRATEGY FOR SPATIAL TRADE MODELS INCORPORATING TRANSPORTATION COSTS.” Wyoming University, Water Resources Research Institute, Water Resources Series, 1973, 321–27.
Garg Devendra P. CONTROL STRATEGY FOR SPATIAL TRADE MODELS INCORPORATING TRANSPORTATION COSTS. Wyoming University, Water Resources Research Institute, Water Resources Series. 1973;321–7.
Garg Devendra, P. “CONTROL STRATEGY FOR SPATIAL TRADE MODELS INCORPORATING TRANSPORTATION COSTS.” Wyoming University, Water Resources Research Institute, Water Resources Series, 1973, pp. 321–27.
Garg Devendra P. CONTROL STRATEGY FOR SPATIAL TRADE MODELS INCORPORATING TRANSPORTATION COSTS. Wyoming University, Water Resources Research Institute, Water Resources Series. 1973;321–327.

Published In

Wyoming University, Water Resources Research Institute, Water Resources Series

Publication Date

1973

Start / End Page

321 / 327

Location

Columbus, OH, USA