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Optimal control with switches in the objective functional
Caliendo, Frank - In: Economics Bulletin 3 (2004) 10, pp. 1-3
This note offers a proof of the necessary conditions for optimal control problems that involve a finite number of discrete switches in the objective functional over the planning horizon.
Persistent link: https://www.econbiz.de/10010836093
Cover Image
Optimal control with switches in the objective functional
Caliendo, Frank - In: Economics Bulletin 3 (2004) 10, pp. 1-3
This note offers a proof of the necessary conditions for optimal control problems that involve a finite number of discrete switches in the objective functional over the planning horizon.
Persistent link: https://www.econbiz.de/10005110637