Optimal Control in Infinite Dimensional Spaces and Economic Modeling: State of the Art and Perspectives
Fuente:
arXiv
Salvato in:
| Autori principali: | , , , |
|---|---|
| Natura: | Preprint |
| Pubblicazione: |
2025
|
| Soggetti: | |
| Accesso online: | |
| Tags: |
Aggiungi Tag
Nessun Tag, puoi essere il primo ad aggiungerne!!
|
| _version_ | 1866916967267434496 |
|---|---|
| author | Fabbri, Giorgio Faggian, Silvia Federico, Salvatore Gozzi, Fausto |
| author_facet | Fabbri, Giorgio Faggian, Silvia Federico, Salvatore Gozzi, Fausto |
| contents | This survey collects, within a unified framework, various results (primarily by the authors themselves) on the use of Deterministic Infinite-Dimensional Optimal Control Theory to address applied economic models. The main aim is to illustrate, through several examples, the typical features of such models (including state constraints, non-Lipschitz data, and non-regularizing differential operators) and the corresponding methods needed to handle them. This necessitates developing aspects of the existing Deterministic Infinite-Dimensional Optimal Control Theory (see, e.g., the book by Li and Yong, 2012) in specific and often nontrivial directions. Given the breadth of this area, we emphasize the Dynamic Programming Approach and its application to problems where explicit or quasi-explicit solutions of the associated Hamilton-Jacobi-Bellman (HJB) equations can be obtained. We also provide insights and references for cases where such explicit solutions are not available. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2509_19909 |
| institution | arXiv |
| publishDate | 2025 |
| record_format | arxiv |
| spellingShingle | Optimal Control in Infinite Dimensional Spaces and Economic Modeling: State of the Art and Perspectives Fabbri, Giorgio Faggian, Silvia Federico, Salvatore Gozzi, Fausto Optimization and Control 35F21, 35Q91, 35Q93, 35R15, 49L12, 49L20, 49N90 83C20, 93C23 This survey collects, within a unified framework, various results (primarily by the authors themselves) on the use of Deterministic Infinite-Dimensional Optimal Control Theory to address applied economic models. The main aim is to illustrate, through several examples, the typical features of such models (including state constraints, non-Lipschitz data, and non-regularizing differential operators) and the corresponding methods needed to handle them. This necessitates developing aspects of the existing Deterministic Infinite-Dimensional Optimal Control Theory (see, e.g., the book by Li and Yong, 2012) in specific and often nontrivial directions. Given the breadth of this area, we emphasize the Dynamic Programming Approach and its application to problems where explicit or quasi-explicit solutions of the associated Hamilton-Jacobi-Bellman (HJB) equations can be obtained. We also provide insights and references for cases where such explicit solutions are not available. |
| title | Optimal Control in Infinite Dimensional Spaces and Economic Modeling: State of the Art and Perspectives |
| topic | Optimization and Control 35F21, 35Q91, 35Q93, 35R15, 49L12, 49L20, 49N90 83C20, 93C23 |
| url | https://arxiv.org/abs/2509.19909 |