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Sufficiency Conditions for Infinite Horizon Optimal Control Problems

In: Recent Advances in Optimization

Author

Listed:
  • Sabine Pickenhain

    (Brandenburg University of Technology Cottbus)

  • Valeriya Lykina

    (Brandenburg University of Technology Cottbus)

Abstract

Summary In this paper we formulate and use the duality concept of Klötzler (1977) for infinite horizon optimal control problems. The main idea is choosing weighted Sobolev and weighted Lp spaces as the state and control spaces, respectively. Different criteria of optimality are known for specific problems, e.g. the overtaking criterion of von Weizsäcker (1965), the catching up criterion of Gale (1967) and the sporadically catching up criterion of Halkin (1974). Corresponding to these criteria we develop the duality theory and prove sufficient conditions for local optimality. Here we use some remarkable properties of weighted spaces. An example is presented where the solution is obtained in the framework of these weighted spaces, but which does not belong to standard Sobolev spaces.

Suggested Citation

  • Sabine Pickenhain & Valeriya Lykina, 2006. "Sufficiency Conditions for Infinite Horizon Optimal Control Problems," Lecture Notes in Economics and Mathematical Systems, in: Alberto Seeger (ed.), Recent Advances in Optimization, pages 217-232, Springer.
  • Handle: RePEc:spr:lnechp:978-3-540-28258-7_14
    DOI: 10.1007/3-540-28258-0_14
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    Cited by:

    1. Valeriya Lykina, 2016. "An Existence Theorem for a Class of Infinite Horizon Optimal Control Problems," Journal of Optimization Theory and Applications, Springer, vol. 169(1), pages 50-73, April.
    2. A. J. Zaslavski, 2010. "Stability of a Turnpike Phenomenon for a Discrete-Time Optimal Control System," Journal of Optimization Theory and Applications, Springer, vol. 145(3), pages 597-612, June.

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