Optimal control of a class of systems with continuous lags: Dynamic programming approach and economic interpretations

DOI10.1007/BF00934747MaRDI QIDQ1053979zbMATHOpenAlexWikidataFDO

Authors Richard F. Hartl, Suresh P. Sethi

Publication date 1984

Published in Journal of Optimization Theory and Applications (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/bf00934747

zbMATH Keywords

maximum principledistributed parameter systemsintegro-differential equationseconomic applicationsdynamic systems with continuous lags

Mathematics Subject Classification ID

Dynamic programming (90C39) Integro-ordinary differential equations (45J05) Optimality conditions (49K99) Dynamic programming in optimal control and differential games (49L20) Economic growth models (91B62) Control/observation systems governed by functional relations other than differential equations (such as hybrid and switching systems) (93C30)

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Cited in

(13)

• Cooperative dynamic games with durable controls: theory and application
• On controlled linear diffusions with delay in a model of optimal advertising under uncertainty with memory effects
• Maximum principle for the optimal control of systems with continuous leads
• An advertising control model of two state variables
• Generalized dynamic games with durable strategies under uncertain planning horizon
• Optimal dynamic advertising policies for hereditary processes
• Solutions for a class of optimal control problems with time delay. II
• Solutions for a class of optimal control problems with time delay. I
• Cooperative dynamic games with control lags
• Necessary conditions for a weak minimum in optimal control problems with integral equations on a variable time interval
• Necessary conditions for a weak minimum in a general optimal control problem with integral equations on a variable time interval
• Optimal control of production and marketing systems with distributed time lags
• Optimal pricing and production in an inventory model

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