Computing Optimal Control on MATLAB — The SCOM Package and Economic Growth Models

摘要: A computer package “SCOM” is described, for solving a class of optimal control problems in continuous time, using the MATLAB system, but different way from “RIOTS_95” which also uses MATLAB. As MISER and OCIM packages, parametrised as step-function, MATLAB’s “constr” constrained optimization used subroutine. End-point conditions are simply handled penalty terms. Much programming made unnecessary by matrix features built into Some economic models present computational difficulties because implicit constraints, there some advantage finite difference approximations gradients. The Kendrick-Taylor model growth computed an example.