Optimal control problems involving optimal economic growth with infinite horizon
β Scribed by Evgenios P. Avgerinos
- Publisher
- Elsevier Science
- Year
- 1994
- Tongue
- English
- Weight
- 934 KB
- Volume
- 66
- Category
- Article
- ISSN
- 0096-3003
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π SIMILAR VOLUMES
In this paper the relations between the finite horizon optimal control problem with receding horizon and the infinite horizon problem are discussed; the system is assumed to be linear, time-invariant, and stabilizable. The cost function is quadratic but the output in the integral of the cost functio
A solution of the maximum principle is optimal if it is 'surrounded' by solutions of the maximum principle, or 'embedded in a field of extremals'. An extension of this well-known principle to infinite horizon problems, is stated, and a proof of it is outlined. It is especially useful in non-concave