Numerical treatment of a class of optimal control problems arising in economics

DOI10.1080/10556780500150416zbMath1114.65070OpenAlexW1990606830MaRDI QIDQ3423593

H.Schmitt, Etienne Emmrich

Publication date: 14 February 2007

Published in: Optimization Methods and Software (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1080/10556780500150416

zbMATH Keywords

algorithmsconvergenceiterationnumerical exampleslinear differential equationsinitial value problemgreenhouse effectdiscounted control problemsglobal warming modelinfinite control horizon

Mathematics Subject Classification ID

Numerical optimization and variational techniques (65K10) Existence theories for optimal control problems involving ordinary differential equations (49J15) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Discrete approximations in optimal control (49M25)

Cites Work

• A numerical approach to the infinite horizon problem of deterministic control theory
• Approximate solutions of the Bellman equation of deterministic control theory
• An adaptive grid scheme for the discrete Hamilton-Jacobi-Bellman equation
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