Optimal control of a one-dimensional storage process |
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| Authors: | Halil Mete Soner |
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| Institution: | (1) Lefschetz Center for Dynamical Systems, Division of Applied Mathematics, Brown University, 02912 Providence, RI, USA |
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| Abstract: | We consider the discounted and ergodic optimal control problems related to a one-dimensional storage process. The existence and uniqueness of the corresponding Bellman equation and the regularity of the optimal value is established. Using the Bellman equation an optimal feedback control is constructed. Finally we show that under this optimal control the origin is reachable.This work was supported by the National Science Foundation under Grant No. MCS 8121940. |
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