On Turnpike and Dissipativity Properties of Continuous-Time Optimal Control Problems
Abstract
This paper investigates the relations between three different properties, which are of importance in optimal control problems: dissipativity of the underlying dynamics with respect to a specific supply rate, optimal operation at steady state, and the turnpike property. We show in a continuous-time setting that if along optimal trajectories a strict dissipation inequality is satisfied, then this implies optimal operation at this steady state and the existence of a turnpike at the same steady state. Finally, we establish novel converse turnpike results, i.e., we show that the existence of a turnpike at a steady state implies optimal operation at this steady state and dissipativity with respect to this steady state. We draw upon a numerical example to illustrate our findings.
Keywords
Cite
@article{arxiv.1509.07315,
title = {On Turnpike and Dissipativity Properties of Continuous-Time Optimal Control Problems},
author = {Timm Faulwasser and Milan Korda and Colin N. Jones and Dominique Bonvin},
journal= {arXiv preprint arXiv:1509.07315},
year = {2017}
}