Switching control of piecewise-deterministic processes (Q1095107)
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scientific article; zbMATH DE number 4027339
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Switching control of piecewise-deterministic processes |
scientific article; zbMATH DE number 4027339 |
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Switching control of piecewise-deterministic processes (English)
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1988
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A finite collection of piecewise-deterministic processes is controlled in order to minimize the expected value of a performance functional with continuous operating cost and discrete switching control costs. The solution of the associated dynamic programming equation is obtained by an iterative approximation using optimal stopping time problems.
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integro-differential equations
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piecewise-deterministic processes
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discrete switching control costs
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dynamic programming equation
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iterative approximation
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optimal stopping time problems
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