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Conditions for characterizing the structure of optimal strategies in infinite-horizon dynamic programs

✍ Scribed by E. Porteus


Publisher
Springer
Year
1982
Tongue
English
Weight
791 KB
Volume
36
Category
Article
ISSN
0022-3239

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A dual view of the Hamilton-Jacobi-Bellman equation corresponding to the class of discounted inΓΏnite horizon optimal control problems yields a concise proof of the envelope theorem and an exhaustive comparative dynamics characterization of the closed-loop optimal control vector in the form of a symm