On a nonlinear optimal investment problem (Q1776227)

The author studies a production cost minimization problem over an interval \([0,T]\) within a framework of optimal control theory, where the cost is given by an integral, while the production revenenues are described by a differential equation \(\dot x= -f(x)+ u\). The goal is to minimize the cost satisfying a boundary condition which specifies a final production revenue. By means of 10 rather easy to follow lemmas, the author proves the existence of a unique optimal control function \(u(t)\), \(0\leq t\leq T\), representing capital investments provided \(f(x)\) is a convex function.