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Chinese Journal of Management Science ›› 2003, Vol. ›› Issue (5): 12-15.

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Multi-Periods Model of the Personal Consumption and Investment

YUAN Jun-peng1, SU Jie2   

  1. 1. School of Management & Economics, Beijing Institute of Technology, Beijing 100081, China;
    2. School of Mathematics and System Science, Shandong University, Jinan 250100, China
  • Received:2001-09-03 Revised:2003-08-26 Online:2003-10-28 Published:2012-03-06

Abstract: By discussing the problem of personal investment and consumption,a dynamic programming model is set up,which maximizes the general utility of the personal consumption and investment in multi-periods.In the end,an example is given.

Key words: consumption, investment, utility, dynamic programming

CLC Number: