How to do comparative dynamics on the back of an envelope in optimal control theory (Q748862): Difference between revisions
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Revision as of 04:29, 11 February 2024
scientific article
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| English | How to do comparative dynamics on the back of an envelope in optimal control theory |
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How to do comparative dynamics on the back of an envelope in optimal control theory (English)
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1990
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A fixed-time optimal control problem is discussed, having given initial states, free terminal states, and an equality constraint on the state and control. A ``dynamic primal-dual problem'' is used to analyze the sensitivity of the objective, as a function of a parameter in the functions. Second-order conditions are also discussed. A renewable- resource model is presented as an example.
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fixed-time optimal control problem
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dynamic primal-dual problem
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sensitivity
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Second-order conditions
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renewable
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