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

DOI10.1007/BF00934747zbMATH Open0518.49019OpenAlexW3122561049WikidataQ59389978 ScholiaQ59389978MaRDI QIDQ1053979FDOQ1053979

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)

Cites Work

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• Necessary and sufficient conditions for optimal control of quasilinear partial differential systems
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Cited In (13)

• Necessary conditions for a weak minimum in optimal control problems with integral equations on a variable time interval
• 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
• On controlled linear diffusions with delay in a model of optimal advertising under uncertainty with memory effects
• 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
• Generalized dynamic games with durable strategies under uncertain planning horizon
• Cooperative dynamic games with durable controls: theory and application
• Cooperative dynamic games with control lags
• Maximum principle for the optimal control of systems with continuous leads
• An advertising control model of two state variables

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