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In this paper, we investigate dynamic optimization problems featuring both stochastic control and optimal stopping in a finite time horizon. The paper aims to develop new methodologies, which are significantly different from those of mixed…

投资组合管理 · 定量金融 2014-06-27 Xiongfei Jian , Xun Li , Fahuai Yi

This paper is concerned with a stochastic linear-quadratic optimal control problem in a finite time horizon, where the coefficients of the control system are allowed to be random, and the weighting matrices in the cost functional are…

最优化与控制 · 数学 2019-11-12 Jingrui Sun , Jie Xiong , Jiongmin Yong

As a main step in the numerical solution of control problems in continuous time, the controlled process is approximated by sequences of controlled Markov chains, thus discretising time and space. A new feature in this context is to allow…

最优化与控制 · 数学 2007-05-23 Markus Fischer , Markus Reiss

We solve explicitly a two-dimensional singular control problem of finite fuel type for infinite time horizon. The problem stems from the optimal liquidation of an asset position in a financial market with multiplicative and transient price…

概率论 · 数学 2019-06-27 Dirk Becherer , Todor Bilarev , Peter Frentrup

Inspired by regularization techniques in statistics and machine learning, we study complementary composite minimization in the stochastic setting. This problem corresponds to the minimization of the sum of a (weakly) smooth function endowed…

机器学习 · 计算机科学 2024-01-24 Alexandre d'Aspremont , Cristóbal Guzmán , Clément Lezane

This paper proposes a new indirect solution method for solving state-constrained optimal control problems by revisiting the well-established optimal control theory and addressing the long-standing issue of discontinuous control and costate…

最优化与控制 · 数学 2024-03-08 Kenshiro Oguri

We analyze the stability of general nonlinear discrete-time stochastic systems controlled by optimal inputs that minimize an infinite-horizon discounted cost. Under a novel stochastic formulation of cost-controllability and detectability…

最优化与控制 · 数学 2025-04-30 Robert H. Moldenhauer , Dragan Nešić , Mathieu Granzotto , Romain Postoyan , Andrew R. Teel

The finite state semi-Markov process is a generalization over the Markov chain in which the sojourn time distribution is any general distribution. In this article we provide a sufficient stochastic maximum principle for the optimal control…

最优化与控制 · 数学 2014-07-14 Amogh Deshpande

We study the effect of the streamline upwind/Petrov Galerkin (SUPG) stabilized finite element method on the discretization of optimal control problems governed by linear advection-diffusion equations. We compare two approaches for the…

数值分析 · 数学 2024-11-18 S. Scott Collis , Matthias Heinkenschloss

In this work, we present numerical analysis for a distributed optimal control problem, with box constraint on the control, governed by a subdiffusion equation which involves a fractional derivative of order $\alpha\in(0,1)$ in time. The…

数值分析 · 数学 2017-12-22 Bangti Jin , Buyang Li , Zhi Zhou

These notes present preliminary results regarding two different approximations of linear infinite-horizon optimal control problems arising in model predictive control. Input and state trajectories are parametrized with basis functions and a…

最优化与控制 · 数学 2016-09-04 Michael Muehlebach , Raffaello D'Andrea

Robust control seeks stabilizing policies that perform reliably under adversarial disturbances, with $\mathcal{H}_\infty$ control as a classical formulation. It is known that policy optimization of robust $\mathcal{H}_\infty$ control…

最优化与控制 · 数学 2025-10-01 Yuto Watanabe , Feng-Yi Liao , Yang Zheng

We study a family of optimal control problems in which one aims at minimizing a cost that mixes a quadratic control penalization and the variance of the system, both for finitely many agents and for the mean-field dynamics as their number…

最优化与控制 · 数学 2021-07-30 Benoît Bonnet , Francesco Rossi

We consider a discrete-time bipartite matching model with random arrivals of units of supply and demand that can wait in queues located at the nodes in the network. A control policy determines which are matched at each time. The focus is on…

离散数学 · 计算机科学 2016-06-28 Ana Bušić , Sean Meyn

This paper proposes a finite-horizon optimal control strategy for set-point tracking using a nonlinear model predictive control framework with integrated avoidance capabilities. The formulation employs a smooth point-to-cloud distance…

系统与控制 · 电气工程与系统科学 2026-05-05 Brener G. Ferreira , Vinicius M. Gonçalves , Marcelo A. Santos , Guilherme V. Raffo

This note re-visits the rolling-horizon control approach to the problem of a Markov decision process (MDP) with infinite-horizon discounted expected reward criterion. Distinguished from the classical value-iteration approach, we develop an…

最优化与控制 · 数学 2022-06-07 Hyeong Soo Chang

We introduce a class of numerical schemes for optimal control problems based on a novel Markov chain approximation, which uses, in turn, a piecewise constant policy approximation, Euler-Maruyama time stepping, and a Gauss-Hermite…

最优化与控制 · 数学 2020-01-07 Athena Picarelli , Christoph Reisinger

In the contest of optimal control problems, regularity results for optima are known when addressing fiber-strictly convex Lagrangian. For infinite time horizons, or for settings with infinite dimensional dynamics, the equivalence between…

最优化与控制 · 数学 2022-12-06 Vincenzo Basco

Information relaxation and duality in Markov decision processes have been studied recently by several researchers with the goal to derive dual bounds on the value function. In this paper we extend this dual formulation to controlled Markov…

最优化与控制 · 数学 2014-10-23 Fan Ye , Enlu Zhou

We study risk-sensitive control of continuous time Markov chains taking values in discrete state space. We study both finite and infinite horizon problems. In the finite horizon problem we characterise the value function via HJB equation…

最优化与控制 · 数学 2014-09-16 Mrinal K. Ghosh , Subhamay Saha