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Arrow-type sufficient conditions for optimality of age-structured control problems
Authors:Vladimir Y Krastev
Institution:1219. Department of Mathematics and Statistics, Tsenov Academy of Economics, Em. Chakarov str. 2, 5250, Svishtov, Bulgaria
Abstract:We consider a class of age-structured control problems with nonlocal dynamics and boundary conditions. For these problems we suggest Arrow-type sufficient conditions for optimality of problems defined on finite as well as infinite time intervals. We examine some models as illustrations (optimal education and optimal offence control problems).
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