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Autori principali: Gong, Jiayin, Wang, Tianxiao
Natura: Preprint
Pubblicazione: 2024
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Accesso online:https://arxiv.org/abs/2406.11009
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author Gong, Jiayin
Wang, Tianxiao
author_facet Gong, Jiayin
Wang, Tianxiao
contents This paper is concerned with a unified treatment of linear quadratic control problem for stochastic Volterra integral equations (SVIEs), motivated by the various approaches and scattered results in the existing literature. A novel class of optimal causal feedback strategy is introduced and characterized by means of a new Riccati system. To this end, a fundamental function space and an appropriate multiplicative rule among functions are defined for the first time. In contrast with the existing works, our unified treatment not only provides a new approach, but also extends or improves the known conclusions in stochastic differential equations, convolution SVIEs, stochastic Volterra integro-differential equations (VIDEs), deterministic VIEs, deterministic VIDEs. In addition, an interesting phenomenon is reveal by the current study: for SVIEs the conventional structure of state feedback is replaced by a suitable causal form, and the original state process no longer plays indispensable role in the feedbacks while an auxiliary state process does.
format Preprint
id arxiv_https___arxiv_org_abs_2406_11009
institution arXiv
publishDate 2024
record_format arxiv
spellingShingle Causal feedback strategies for controlled stochastic Volterra systems: a unified treatment
Gong, Jiayin
Wang, Tianxiao
Optimization and Control
This paper is concerned with a unified treatment of linear quadratic control problem for stochastic Volterra integral equations (SVIEs), motivated by the various approaches and scattered results in the existing literature. A novel class of optimal causal feedback strategy is introduced and characterized by means of a new Riccati system. To this end, a fundamental function space and an appropriate multiplicative rule among functions are defined for the first time. In contrast with the existing works, our unified treatment not only provides a new approach, but also extends or improves the known conclusions in stochastic differential equations, convolution SVIEs, stochastic Volterra integro-differential equations (VIDEs), deterministic VIEs, deterministic VIDEs. In addition, an interesting phenomenon is reveal by the current study: for SVIEs the conventional structure of state feedback is replaced by a suitable causal form, and the original state process no longer plays indispensable role in the feedbacks while an auxiliary state process does.
title Causal feedback strategies for controlled stochastic Volterra systems: a unified treatment
topic Optimization and Control
url https://arxiv.org/abs/2406.11009