A class of discounted models for singular diffusion control (Q1428907)

A singular optimal control problem for a one-dimensional diffusion process, similar to that investigated by \textit{J. Ma} [SIAM J. Control Optimization 30, No. 4, 975--999 (1992; Zbl 0759.93081)] but with a more general cost functional and under less restrictive assumptions, is considered. Using an approach based on the analysis of the corresponding variational inequalities, sufficient and necessary conditions for the existence of an optimal control are presented.