Accession Number : AD0755386

Title :   Necessary Conditions for Optimal Control Problems with Infinite Horizons,

Corporate Author : CALIFORNIA UNIV SAN DIEGO LA JOLLA DEPT OF APPLIED MECHANICS AND ENGINEERING SCIENCES

Personal Author(s) : Halkin,Hubert

Report Date : 1972

Pagination or Media Count : 14

Abstract : In a classical optimal control problem the terminal time, either prescribed a priori or not, is always a real number. In many dynamic optimization problems in economics one is lead to consider optimal control problems in which the terminal time is the extended real number + infinity. These are the so called optimal control problems with infinite horizon. In the paper the author gives a precise formulation for a standard problem of that type and establishes a necessary condition for that problem. (Author)

Descriptors :   (*ADAPTIVE CONTROL SYSTEMS, MATHEMATICAL MODELS), DIFFERENTIAL EQUATIONS, FUNCTIONAL ANALYSIS, ECONOMICS, THEOREMS, OPTIMIZATION

Subject Categories : Theoretical Mathematics

Distribution Statement : APPROVED FOR PUBLIC RELEASE