On chattering solutions for the maximum principle boundary-value problem in the optimal control problem in microeconomics

DOI10.1007/S10598-014-9216-3MaRDI QIDQ469038zbMATH OpenOpenAlexFDO

Authors E. V. Grigorieva, E. N. Khailov

Publication date 10 November 2014

Published in Computational Mathematics and Modeling (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s10598-014-9216-3

Mathematics Subject Classification ID

Optimality conditions for problems involving ordinary differential equations (49K15) Optimality conditions for solutions belonging to restricted classes (Lipschitz controls, bang-bang controls, etc.) (49K30) Optimality conditions for minimax problems (49K35) Fundamental topics (basic mathematics, methodology; applicable to economics in general) (91B02)

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Cites work

• A dynamical model of the process of production, storage, and sale of daily demand goods
• A numerical algorithm for optimal control problems with switching costs
• On the attainability set for a nonlinear system in the plane
• Regimes with frequented switchings in problems of optimal control
• Singular optimal regimes in problems of mathematical economics
• The deviation of a functional from the optimal value under chattering exponentially decays as the number of switchings tends to infinity

Cited in

(2)

• On solutions with increasingly frequent switchings of a boundary value problem involving the maximum principle in a microeconomic problem of optimal control
• On a third-order singular arc of optimal control in a minimization problem for a mathematical model of psoriasis treatment

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