Structure of optimal trajectories in a nonlinear dynamic model with endogenous delay
Natali Hritonenko1and Yuri Yatsenko2
Received12 Nov 2003
Revised16 Feb 2004
Abstract
An exact solution is constructed to a nonlinear optimization
problem in an integral dynamic model with delay. The problem
involves the unknown duration of the delay and has important
applications to the optimal replacement of capital equipment
under technological change.