Convergence of the Value Functions of Discounted Infinite Horizon Optimal Control Problems with Low Discount Rates

DOI10.1287/moor.18.4.1006zbMath0824.49001OpenAlexW2124253933MaRDI QIDQ4286946

Fabian R. Wirth

Publication date: 13 November 1995

Published in: Mathematics of Operations Research (Search for Journal in Brave)

Full work available at URL: https://semanticscholar.org/paper/dfe491592d2257cacd9024afb2f055808db5049b

zbMATH Keywords

discount ratevalue functionaverage yielddiscounted costcontinuous-time control systems

Mathematics Subject Classification ID

Numerical optimization and variational techniques (65K10) Existence theories for optimal control problems involving ordinary differential equations (49J15)

Related Items (7)

On the value function for nonautonomous optimal control problems with infinite horizon ⋮ Estimate of periodic suboptimal controls. ⋮ On the rate of convergence of infinite horizon discounted optimal value functions ⋮ Asymptotic behavior of the value functions of discrete-time discounted optimal control ⋮ On the relation between discounted and average optimal value functions ⋮ Periodic near optimal control ⋮ Vanishing Discount Limit and Nonexpansive Optimal Control and Differential Games

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