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
Overtaking optimal control problem of age-dependent populations with infinite horizon
β Scribed by W.L Chan; Guo Bao Zhu
- Publisher
- Elsevier Science
- Year
- 1990
- Tongue
- English
- Weight
- 478 KB
- Volume
- 150
- Category
- Article
- ISSN
- 0022-247X
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