Switching control of piecewise-deterministic processes (Q1095107)

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Switching control of piecewise-deterministic processes
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    Switching control of piecewise-deterministic processes (English)
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    1988
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    A finite collection of piecewise-deterministic processes is controlled in order to minimize the expected value of a performance functional with continuous operating cost and discrete switching control costs. The solution of the associated dynamic programming equation is obtained by an iterative approximation using optimal stopping time problems.
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    integro-differential equations
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    piecewise-deterministic processes
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    discrete switching control costs
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    dynamic programming equation
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    iterative approximation
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    optimal stopping time problems
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