Open Access
2015 Optimal Control of Renewable Resources Based on the Effective Utilization Rate
Rui Wu, Zhengwei Shen, Fucheng Liao
Abstr. Appl. Anal. 2015(SI09): 1-7 (2015). DOI: 10.1155/2015/369493


The effective utilization rate of exploited renewable resources affects the final total revenue and the further exploitation of renewable resources. Considering the effective utilization rate, we propose an optimal control model for the exploitation of the renewable resources in this study. Firstly, we can prove that the novel model is nonsingular compared with the singular basic model. Secondly, we solve the novel model and obtain the optimal solution by Bang-Bang theory. Furthermore, we can determine the optimal total resources and the maximal total revenue. Finally, a numerical example is provided to verify the obtained theoretical results.


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Rui Wu. Zhengwei Shen. Fucheng Liao. "Optimal Control of Renewable Resources Based on the Effective Utilization Rate." Abstr. Appl. Anal. 2015 (SI09) 1 - 7, 2015.


Published: 2015
First available in Project Euclid: 16 June 2015

zbMATH: 06662989
MathSciNet: MR3339666
Digital Object Identifier: 10.1155/2015/369493

Rights: Copyright © 2015 Hindawi

Vol.2015 • No. SI09 • 2015
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