Principle. In this way the paper presents one of the first real life applications of the Impulse Control Maximum Principle … heightenings to protect against floods. To derive the optimal policy we design an algorithm based on the Impulse Control Maximum …

necessary optimality conditions of the Impulse Control Maximum Principle based on the current value formulation. By reviewing … can be applied. However, we design a transformation, which ensures that the application of the Impulse Control Maximum … Principle still provides the optimal solution. Finally, we show for the first time that for some existing models in the …

necessary optimality conditions of the Impulse Control Maximum Principle based on the current value formulation. By reviewing … can be applied. However, we design a transformation, which ensures that the application of the Impulse Control Maximum … Principle still provides the optimal solution. Finally, we show for the first time that for some existing models in the …