The turnpike property for mean-field optimal control problems
Optimization and Control
2024-11-20 v1
Abstract
We study the turnpike phenomenon for optimal control problems with mean field dynamics that are obtained as the limit of systems governed by a large number of ordinary differential equations. We show that the optimal control problems with with large time horizons give rise to a turnpike structure of the optimal state and the optimal control. For the proof, we use the fact that the turnpike structure for the problems on the level of ordinary differential equations is preserved under the corresponding mean-field limit.
Cite
@article{arxiv.2303.02005,
title = {The turnpike property for mean-field optimal control problems},
author = {Martin Gugat and Michael Herty and Chiara Segala},
journal= {arXiv preprint arXiv:2303.02005},
year = {2024}
}