CHEN Mu-Fa. New Progress on L.K. Hua's Optimization Theory of Economics[J]. Chinese Journal of Applied Probability and Statistics, 2022, 38(2): 159-178. DOI: 10.3969/j.issn.1001-4268.2022.02.001
Citation: CHEN Mu-Fa. New Progress on L.K. Hua's Optimization Theory of Economics[J]. Chinese Journal of Applied Probability and Statistics, 2022, 38(2): 159-178. DOI: 10.3969/j.issn.1001-4268.2022.02.001

New Progress on L.K. Hua's Optimization Theory of Economics

  • The paper consists of three parts. The first one is from the ergodic theorem of Markov chain to L.K. Hua's fundamental theorem on the optimization of economics. The second one is the Hua's revised version and the author's modification of Hua's theorem. The third one is the computational algorithms on the maximal eigenpair of the structure matrix in the economic system. Some examples are illustrated.
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