Boundedly optimal control of piecewise deterministic systems
This paper deals with a class of stochastic control systems where the disturbances are modeled as uncontrolled jump Markov processes. Starting with an undiscounted functional it is studied the asymptotic behaviour of the optimal trajectories. The main difficulty is in getting the dynamic programming formulation when the unboundedness of the undiscounted cost may appear. An example related to manufacturing flow control is given to illustrate the so-called ``turnpike property''.
scientific article; zbMATH DE number 609642
scientific article