DocumentCode
2257660
Title
Connecting singular control with optimal switching
Author
Guo, Xin ; Tomecek, Pascal
Author_Institution
Dept. of Ind. Eng. & Oper. Res., UC Berkeley, Berkeley, CA, USA
fYear
2008
fDate
9-11 Dec. 2008
Firstpage
1531
Lastpage
1536
Abstract
We summarize our recent work, on a new theoretical connection between singular control of finite variation and optimal switching problems. This correspondence not only provides a novel method for analyzing multidimensional singular control problems, but also builds links among singular controls, Dynkin games, and sequential optimal stopping problems.
Keywords
game theory; multidimensional systems; optimal control; time-varying systems; Dynkin game; connecting singular control; finite variation; multidimensional singular control problem; optimal switching problem; sequential optimal stopping problem; Fuel economy; Industrial engineering; Investments; Joining processes; Mathematics; Multidimensional systems; Operations research; Optimal control; Production; Sufficient conditions;
fLanguage
English
Publisher
ieee
Conference_Titel
Decision and Control, 2008. CDC 2008. 47th IEEE Conference on
Conference_Location
Cancun
ISSN
0191-2216
Print_ISBN
978-1-4244-3123-6
Electronic_ISBN
0191-2216
Type
conf
DOI
10.1109/CDC.2008.4739509
Filename
4739509
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