Abstract
We consider the discounted and ergodic optimal control problems related to a one-dimensional storage process. The existence and uniqueness of the corresponding Bellman equation and the regularity of the optimal value is established. Using the Bellman equation an optimal feedback control is constructed. Finally we show that under this optimal control the origin is reachable.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 175-191 |
| Number of pages | 17 |
| Journal | Applied Mathematics & Optimization |
| Volume | 13 |
| Issue number | 1 |
| DOIs | |
| State | Published - Apr 1985 |
| Externally published | Yes |
All Science Journal Classification (ASJC) codes
- Control and Optimization
- Applied Mathematics