Use the Excel Solver to solve the following discrete dynamic problem: max fug X 3 t
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Use the Excel Solver to solve the following discrete dynamic problem: max fug X 3 t ¼ 0 2 3 uðtÞyðtÞ þ lnðyðTÞÞ s:t: yðt þ 1Þ ¼ yðtÞð1 þ uðtÞyðtÞÞ and y(0) ¼ 1.
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Related Book For
Elements Of Numerical Mathematical Economics With Excel Static And Dynamic Optimization
ISBN: 9780128176498
1st Edition
Authors: Giovanni Romeo
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