English

Existence of optimal feedback controls for McKean-Vlasov SDEs

Probability 2023-10-18 v1 Optimization and Control

Abstract

This work concerns the optimal control problem for McKean-Vlasov SDEs. We provide explicit conditions to ensure the existence of optimal Markovian feedback controls. Moreover, based on the flow property of the McKean-Vlasov SDE, the dynamic programming principle is established, which will enable to characterize the value function via the theory of Hamilton-Jacobi-Bellman equation on the Wasserstein space.

Keywords

Cite

@article{arxiv.2310.10950,
  title  = {Existence of optimal feedback controls for McKean-Vlasov SDEs},
  author = {Jinghai Shao},
  journal= {arXiv preprint arXiv:2310.10950},
  year   = {2023}
}

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20 pages