We construct the unique optimal control for the two-dimensional monotone follower problem in the cheap-control setting. It is obtained as the solution of a fixed point problem whose existence is guaranteed under the assumption that a Lipschitz conditions be satisfied in a small neighbourhood of a single “corner point” of the boundary of the region of inaction. Conditions under which this holds are given.
Titolo: | The optimal control of the cheap monotone follower |
Autori: | |
Data di pubblicazione: | 1994 |
Rivista: | |
Abstract: | We construct the unique optimal control for the two-dimensional monotone follower problem in the cheap-control setting. It is obtained as the solution of a fixed point problem whose existence is guaranteed under the assumption that a Lipschitz conditions be satisfied in a small neighbourhood of a single “corner point” of the boundary of the region of inaction. Conditions under which this holds are given. |
Handle: | http://hdl.handle.net/11587/434212 |
Appare nelle tipologie: | Articolo pubblicato su Rivista |
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