Asymptotic Behaviour of Optimal Control Systems with Low Discount Rates

DOI10.1287/MOOR.14.2.309MaRDI QIDQ3833127zbMATH OpenOpenAlexFDO

Authors Fritz Colonius

Publication date 1989

Published in Mathematics of Operations Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1287/moor.14.2.309

zbMATH Keywords

geometric control theorytheory of semiflows

Mathematics Subject Classification ID

Existence theories for optimal control problems involving ordinary differential equations (49J15) Sensitivity, stability, well-posedness (49K40) Control/observation systems governed by ordinary differential equations (93C15)

Recommendations

• Convergence of the Value Functions of Discounted Infinite Horizon Optimal Control Problems with Low Discount Rates
• Asymptotic behavior of the value functions of discrete-time discounted optimal control
• Remarks on the vanishing discount problem for infinite systems of Hamilton-Jacobi-Bellman equations
• Asymptotic Properties of Optimal Solutions in Planar Discounted Control Problems
• On the relation between discounted and average optimal value functions

Cited in

(9)

• On the relation between discounted and average optimal value functions
• Infinite time optimal control and periodicity
• Convergence of the Value Functions of Discounted Infinite Horizon Optimal Control Problems with Low Discount Rates
• Vanishing Discount Limit and Nonexpansive Optimal Control and Differential Games
• On the rate of convergence of infinite horizon discounted optimal value functions
• Asymptotic behavior of the value functions of discrete-time discounted optimal control
• On the vanishing discount approximation for compactly supported perturbations of periodic Hamiltonians: the 1d case
• Analysis of the vanishing discount limit for optimal control problems in continuous and discrete time
• On the value function for nonautonomous optimal control problems with infinite horizon

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