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Single-product dynamic model of replacing production capacities. (Russian) Zbl 1060.91093
Summary: A single-product dynamic economic model that allows to investigate the character of optimal periods of production capacities functioning is described. A differential optimisation principle is formulated on the basis of which an optimal policy of retiring old and introducing new, more perfect, fixed assets is chosen. All possible types of the system evolution are presented.
MSC:
91B62 Economic growth models
91B28 Finance etc. (MSC2000)
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