A sufficient condition for near-optimal stochastic controls and its application to manufacturing systems
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Publication:1312097
DOI10.1007/BF01191107zbMath0785.93095MaRDI QIDQ1312097
Publication date: 26 January 1994
Published in: Applied Mathematics and Optimization (Search for Journal in Brave)
Stochastic ordinary differential equations (aspects of stochastic analysis) (60H10) Production models (90B30) Optimal stochastic control (93E20) Optimality conditions for problems involving randomness (49K45)
Related Items (10)
Near-maximum principle for general recursive utility optimal control problem ⋮ Near-optimal control of stochastic recursive systems via viscosity solution ⋮ A revisit to stochastic near-optimal controls: the critical case ⋮ Necessary and sufficient conditions for near-optimality of stochastic delay systems ⋮ Sufficient and necessary conditions for stochastic near-optimal controls: a stochastic chemostat model with non-zero cost inhibiting ⋮ On near-optimal mean-field stochastic singular controls: necessary and sufficient conditions for near-optimality ⋮ Necessary condition for near optimal control of linear forward–backward stochastic differential equations ⋮ Necessary and Sufficient Near-Optimal Conditions for Mean-Field Singular Stochastic Controls ⋮ Maximum principle for near-optimality of mean-field FBSDEs ⋮ Hierarchical controls in stochastic manufacturing systems with convex costs
Cites Work
- On the theory of option pricing
- Hierarchical controls in stochastic manufacturing systems with convex costs
- Hierarchical production planning in dynamic stochastic manufacturing systems: Asymptotic optimality and error bounds
- On the variational principle
- Maximum principle of stochastic controlled systems of functional type
- An Asymptotic Analysis of Hierarchical Control of Manufacturing Systems Under Uncertainty
- Hierarchical controls in stochastic manufacturing systems with machines in tandem
- Dynamic Optimal Control Models in Advertising: a Survey
- Sufficient Conditions for the Optimal Control of Nonlinear Systems
- Necessary Conditions for Continuous Parameter Stochastic Optimization Problems
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