An Optimization Management Model for Countries with Mutually Competitive Regions

Abstract

It is difficult to manage resources allocation and pollution in a multi-regional country with mutually competitive relations. This work therefore intends to propose an optimal control model for the management problem. Through introducing the union utility function to model competitive interactions, we construct an integrated economy, resource, and environment macroeconomic model according to the social practices in the country with some competitive regions. Numerical procedures are proposed to search for the optimal energy policy and antipollution strategy of the model. As shown, an optimal fair tradeoff between efficiency and equity can be balanced for each region in the country. More important, the model verifies the importance of the role of government for management problems in a country with complex internal competitive relations.

A model of sustainable development in economic, social, and environmental aspects: the role of social capital in China

“…This model provides researchers with a powerful tool for analyzing economic problems and provides in-depth understanding and insight in resource allocation, investment decision-making, consumption choices, and economic growth. (Li and Zhong 2020, Ospanov and Kondybayeva 2022, Tarasyev et al 2023 The Hamilton optimization model is constructed to investigate the economic system of five sectors: final product, human capital, social capital, technology innovation, and environmental management. Social capital has the attribute of value appreciation, which is constantly accumulating and internalizing itself, and can be incorporated into the production function of the final product department as a new 'product element'.…”