Deterministic and Stochastic Optimization of a Dynamic Advertising Model
Deterministic and Stochastic Optimization of a Dynamic Advertising Model
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DOI:
10.1002/oca.4660040207
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发表时间:
1982-04
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影响因子:
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通讯作者:
S. Sethi
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文献类型:
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作者:
S. Sethi
This paper considers a variation of the Vidale-Wolfe advertising model for which the maximum value of the objective function and the form of the optimal feedback advertising control are identical in both a deterministic and a stochastic environment. The stochastic environment is due to a white noise disturbance introduced in the deterministic sales-advertising dynamics.