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In this final project we discuss the application of the Dubovitskii-Milyutin version of the Maximum Principle in economics to maximize consumer’s expected lifetime utility by controlling his consumption path. Every human behavior can be modelled to its mathematical model, so does human behavior i...
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| Format: | Final Project |
| Language: | Indonesia |
| Online Access: | https://digilib.itb.ac.id/gdl/view/16910 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |