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

DOI10.1007/S10598-014-9216-3zbMATH Open1298.49036OpenAlexW2080114400MaRDI QIDQ469038FDOQ469038

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

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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)

Cites Work

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

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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