English

A maximum principle for controlled time-symmetric forward-backward doubly stochastic differential equation with initial-terminal sate constraints

Optimization and Control 2012-11-20 v2

Abstract

In this paper, we study the optimal control problem of a controlled time-symmetric forward-backward doubly stochastic differential equation with initial-terminal sate constraints. Applying the terminal perturbation method and Ekeland's variation principle, a necessary condition of the stochastic optimal control, i.e., stochastic maximum principle is derived. Applications to backward doubly stochastic linear-quadratic control models are investigated.

Keywords

Cite

@article{arxiv.1005.3085,
  title  = {A maximum principle for controlled time-symmetric forward-backward doubly stochastic differential equation with initial-terminal sate constraints},
  author = {Shaolin Ji and Qingmeng Wei and Xiumin Zhang},
  journal= {arXiv preprint arXiv:1005.3085},
  year   = {2012}
}

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22 pages