Mathematical formulation of a coupled dynamic model for environmental business action planning
Document typeConference report
Rights accessOpen Access
The growing internationalization of markets, backed by the free movement of capital flows, has redefned the past quarter century's business strategies and tens to continue driving economic and financial integration trhoughout this century. In this context, firms that aim to stand out in such markets should use the esssence of the theoretical apparatus to allocate scarce resources efficiently. This means seeking the best possible benefits to offset the constraints that are inherent to the nature of the business environment. This new environment is also characterized by more fat-reaching advances in technologies and their subsequent obsolescence. In a scenario of coupled and complex interrealtionships among variables anf of strong uncertainties, corporate strategies must be relentlessly dynamic i.e., constant readjustement is fundamental in dealing with the cyclical dynamics of the financial characteristics of self-regulated markets. In this turbulent and competitive world, there is an increasing need to devise planning models to address the multiple issues (coupled) that affect competitiveness, such as: planned rte of return, price adjustment, technological obsolescence, optimal investment path, among ofers. In an effort to contribute to solutions for this need, we propose a coupled dynamic model that addresses the aforementioned issues. The model is based on a mathematical formulation using the Hamiltonian approach considering the Cobb Douglas function. Pontryagin conditions and is intended for application in environmental business action planning.
CitationDavid, S.A.; De Oliveira, C.; Quintino, D.D. Mathematical formulation of a coupled dynamic model for environmental business action planning. A: COUPLED IV. "COUPLED IV : proceedings of the IV International Conference on Computational Methods for Coupled Problems in Science and Engineering". CIMNE, 2011, p. 1022-1032. ISBN 978-84-89925-78-6.
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