Solving dynamic PROPORTIONAL INCENTIVE TASK considering the effect of the learning curve
- Authors: Pavlov O.V.1
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Affiliations:
- Faculty of Economics and Management, Samara State Aerospace University, 34, Moskovskoye shosse, Samara, 443086, Russian Federation.
- Issue: Vol 6, No 9/2 (2015)
- Pages: 315-322
- Section: MATHEMATICAL AND INSTRUMENTAL METHODS OF ECONOMICS
- URL: https://journals.ssau.ru/eco/article/view/5737
- DOI: https://doi.org/10.18287/2542-0461-2015-0-9/2-315-322
- ID: 5737
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Abstract
The dynamic problem of proportional incentive taking into consideration the effect of the learning curve is formulated and solved. The problem reduces to the solution of two interconnected dynamic problems for the center and agent. A numerical algorithm for solving dynamic problem of incentive is developed. The numerical solution using dynamic programming of Bellman is received. The investigation of the influence of different types of control functions of center on the choice by the agent of actual production volumes is carried out.
About the authors
O. V. Pavlov
Faculty of Economics and Management, Samara State Aerospace University, 34, Moskovskoye shosse, Samara, 443086, Russian Federation.
Author for correspondence.
Email: morenov.sv@ssau.ru
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