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We solve two stochastic control problems in which a player tries to minimize or maximize the exit time from an interval of a Brownian particle, by controlling its drift. The player can change from one drift to another but is subject to a…

Probability · Mathematics 2014-08-19 Robert C. Dalang , Laura Vinckenbosch

The paper puts forward sufficient conditions for local controllability of a control dynamical system. The results obtained are meaningful in the case when the linear approximation to this system is not completely controllable. As a…

Optimization and Control · Mathematics 2017-09-05 E. R. Avakov , G. G. Magaril-Il'yaev

We consider the problem of rare event importance sampling, where the random variable of interest is a path functional of an It\^o diffusion computed up to the first exit from a $d$-dimensional bounded domain. Dupuis and Wang (\textit{Ann.…

Optimization and Control · Mathematics 2016-03-21 Han Cheng Lie

In this theoretical paper we are concerned with the problem of learning a value function by a smooth general function approximator, to solve a deterministic episodic control problem in a large continuous state space. It is shown that…

Machine Learning · Computer Science 2011-01-04 Michael Fairbank , Eduardo Alonso

We analyze optimal control problems for two-phase Navier-Stokes equations with surface tension. Based on $L_p$-maximal regularity of the underlying linear problem and recent well-posedness results of the problem for sufficiently small data…

Analysis of PDEs · Mathematics 2021-06-07 Elisabeth Diehl , Johannes Haubner , Michael Ulbrich , Stefan Ulbrich

We consider a stochastic optimal control problem in a market model with temporary and permanent price impact, which is related to an expected utility maximization problem under finite fuel constraint. We establish the initial condition…

Mathematical Finance · Quantitative Finance 2015-10-13 Mourad Lazgham

In this paper we study the right differentiability of a parametric infimum function over a parametric set defined by equality constraints. We present a new theorem with sufficient conditions for the right differentiability with respect to…

Optimization and Control · Mathematics 2023-06-22 Kevin Sturm

We analyze optimal control problems for multiple Fredholm and Volterra integral equations. These are non Pontryaginian optimal control problems, i.e. an extremum principle of Pontryagin type does not hold. We obtain first order necessary…

Optimization and Control · Mathematics 2019-04-16 S. A. Belbas

Motivated by the applications, a class of optimal control problems is investigated, where the goal is to influence the behavior of a given population through another controlled one interacting with the first. Diffusive terms accounting for…

Optimization and Control · Mathematics 2023-03-10 Stefano Almi , Marco Morandotti , Francesco Solombrino

The hybrid optimal control problem with reach time to a target set is addressed and the continuity and uniqueness of the associated value function is proved. Hybrid systems involves interaction of different types of dynamics: continuous and…

Optimization and Control · Mathematics 2016-08-05 Myong-Song Ho , Kwang-Nam Oh , Chol-Jun Hwang

In this paper, we develop a functional differentiability approach for solving statistical optimal allocation problems. We derive Hadamard differentiability of the value functions through analyzing the properties of the sorting operator…

Econometrics · Economics 2026-02-24 Kai Feng , Han Hong , Denis Nekipelov

This paper is concerned with necessary and sufficient second-order conditions for finite-dimensional and infinite-dimensional constrained optimization problems. Using a suitably defined directional curvature functional for the admissible…

Optimization and Control · Mathematics 2021-01-26 Constantin Christof , Gerd Wachsmuth

This work presents the Second-Order Sensitivity Analysis Methodology (2nd-ASAM) for nonlinear systems. This methodology yields exactly and efficiently the second-order functional derivatives of system responses (associated with physical,…

Optimization and Control · Mathematics 2016-01-26 Dan Gabriel Cacuci

In recent years, much effort in designing numerical methods for the simulation and optimization of mechanical systems has been put into schemes which are structure preserving. One particular class are variational integrators which are…

Optimization and Control · Mathematics 2015-05-08 Cédric M. Campos , Sina Ober-Blöbaum , Emmanuel Trélat

We consider the initial boundary value problem for free-evolution formulations of general relativity coupled to a parametrized family of coordinate conditions that includes both the moving puncture and harmonic gauges. We concentrate…

General Relativity and Quantum Cosmology · Physics 2018-01-03 David Hilditch , Milton Ruiz

This papers shows the convergence of optimal control problems where the constraint function is discretised by a particle method. In particular, we investigate the viscous Burgers equation in the whole space $\mathbb R$ by using…

Optimization and Control · Mathematics 2013-10-01 Jan Marburger , Rene Pinnau

It has been shown recently that optimal control problems with the dynamical constraint given by a second order system admit a regular Lagrangian formulation. This implies that the optimality conditions can be obtained in a new form based on…

This work provides a systematic study of the variational properties of decomposable functions which are compositions of an outer support function and an inner smooth mapping under certain constraint qualifications. A particular focus is put…

Optimization and Control · Mathematics 2024-08-20 Wenqing Ouyang , Andre Milzarek

This paper is devoted to the stochastic optimal control problem of infinite-dimensional differential systems allowing for both path-dependence and measurable randomness. As opposed to the deterministic path-dependent cases studied by…

Optimization and Control · Mathematics 2023-07-19 Jinniao Qiu , Yang Yang

Deterministic optimal impulse control problem with terminal state constraint is considered. Due to the appearance of the terminal state constraint, the value function might be discontinuous in general. The main contribution of this paper is…

Optimization and Control · Mathematics 2020-11-10 Yue Zhou , Xinwei Feng , Jiongmin Yong