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We consider an infinite horizon control problem for dynamics constrained to remain on a multidimensional junction with entry costs. We derive the associated system of Hamilton-Jacobi equations (HJ), prove the comparison principle and that…

偏微分方程分析 · 数学 2020-02-25 Manh-Khang Dao , Boualem Djehiche

We consider continuous-state and continuous-time control problems where the admissible trajectories of the system are constrained to remain on a union of half-planes which share a common straight line. This set will be named a junction. We…

最优化与控制 · 数学 2014-12-10 Salomé Oudet

We study optimal control problems in infinite horizon when the dynamics belong to a specific class of piecewise deterministic Markov processes constrained to star-shaped networks (inspired by traffic models). We adapt the results in [H. M.…

最优化与控制 · 数学 2015-10-06 Dan Goreac , Magdalena Kobylanski , Miguel Martinez

The literature on continuous-time stochastic optimal control seldom deals with the case of discrete state spaces. In this paper, we provide a general framework for the optimal control of continuous-time Markov chains on finite graphs. In…

最优化与控制 · 数学 2019-12-05 Olivier Guéant , Iuliia Manziuk

In this paper we study the optimal stochastic control problem for stochastic differential systems reflected in a domain. The cost functional is a recursive one, which is defined via generalized backward stochastic differential equations…

概率论 · 数学 2013-08-26 Juan Li , Shanjian Tang

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…

最优化与控制 · 数学 2023-07-19 Jinniao Qiu , Yang Yang

We study a stochastic control problem on a bounded domain, which arises from a continuous-time optimal management model. Via the corresponding Hamilton-Jacobi-Bellman equation the value function is shown to be jointly continuous and to…

概率论 · 数学 2017-10-24 Ruoting Gong , Christian Houdré

We consider a kind of stochastic exit time optimal control problems, in which the cost function is defined through a nonlinear backward stochastic differential equation. We study the regularity of the value function for such a control…

概率论 · 数学 2016-03-15 Rainer Buckdahn , Tianyang Nie

In optimal control problems defined on stratified domains, the dynamics and the running cost may have discontinuities on a finite union of submanifolds of RN. In [8, 5], the corresponding value function is characterized as the unique…

最优化与控制 · 数学 2022-07-15 Simone Cacace , Fabio Camilli

In this paper, we study the optimal singular controls for stochastic recursive systems, in which the control has two components: the regular control, and the singular control. Under certain assumptions, we establish the dynamic programming…

最优化与控制 · 数学 2018-11-06 Liangquan Zhang

This paper is concerned with stochastic impulse control problems in which the running cost changes depending on the impulse control. Because of such a dependence, it brings several difficulties when the usual dynamic programming principle…

最优化与控制 · 数学 2025-11-11 Yuchen Cao , Jiongmin Yong

A new approach to feedback control design based on optimal control is proposed. Instead of expensive computations of the value function for different penalties on the states and inputs, we use a control Lyapunov function that amounts to be…

最优化与控制 · 数学 2021-11-22 Taouba Jouini , Anders Rantzer

A new algorithm for time dependent Hamilton Jacobi equations on networks, based on semi Lagrangian scheme, is proposed. It is based on the definition of viscosity solution for this kind of problems recently given in. A thorough convergence…

数值分析 · 数学 2023-10-11 Elisabetta Carlini , Antonio Siconolfi

This paper proposes a new framework to model control systems in which a dynamic friction occurs. The model consists in a controlled differential inclusion with a discontinuous right hand side, which still preserves existence and uniqueness…

最优化与控制 · 数学 2020-12-02 Fabio Tedone , Michele Palladino

This paper deals with junction conditions for Hamilton-Jacobi-Bellman (HJB) equations for finite horizon control problems on multi-domains. We consider two different cases where the final cost is continuous or lower semi-continuous. In the…

最优化与控制 · 数学 2017-07-21 Daria Ghilli , Zhiping Rao , Hasnaa Zidani

We consider a singular control problem with regime switching that arises in problems of optimal investment decisions of cash-constrained firms. The value function is proved to be the unique viscosity solution of the associated…

计算金融 · 定量金融 2016-10-07 Erwan Pierre , Stéphane Villeneuve , Xavier Warin

This paper is a review of results on Optimisation which are perhaps not so standard in the PDE realm. To this end, we consider the problem of deriving the PDEs associated to the optimal control of a system of either ODEs or SDEs with…

偏微分方程分析 · 数学 2018-01-16 Nikos Katzourakis , Tristan Pryer

We formulate a path-dependent stochastic optimal control problem under general conditions, for which weprove rigorously the dynamic programming principle and that the value function is the unique Crandall-Lions viscosity solution of the…

概率论 · 数学 2023-08-04 Andrea Cosso , Fausto Gozzi , Mauro Rosestolato , Francesco Russo

We consider a pathwise stochastic optimal control problem and study the associated (not necessarily adapted) Hamilton-Jacobi-Bellman stochastic partial differential equation. We show that the value process is the unique solution of this…

概率论 · 数学 2023-11-02 Neeraj Bhauryal , Ana Bela Cruzeiro , Carlos Oliveira

We study the Hamilton-Jacobi equation for undiscounted exit time control problems with general nonnegative Lagrangians using the dynamic programming approach. We prove theorems characterizing the value function as the unique…

最优化与控制 · 数学 2007-05-23 Michael Malisoff
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