Necessity of the terminal condition in the infinite horizon dynamic optimization problems with unbounded payoff

DOI10.1016/J.AUTOMATICA.2020.109332zbMath1462.90148OpenAlexW3104948848MaRDI QIDQ2662296

Rajani Singh, Agnieszka Wiszniewska-Matyszkiel

Publication date: 12 April 2021

Published in: Automatica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.automatica.2020.109332

zbMATH Keywords

infinite horizon Bellman equation dynamic optimization resource extraction sufficiency necessity feedback controls terminal condition fish wars unbounded payoffs

Mathematics Subject Classification ID

Epidemiology (92D30) Optimal feedback synthesis (49N35) Dynamic programming (90C39) Linear-quadratic optimal control problems (49N10)

Related Items (2)

An approximation approach to dynamic programming with unbounded returns ⋮ On the basis of the Hamilton-Jacobi-Bellman equation in economic dynamics

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