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• W1643479968 abstract "In this paper, we study the m-states optimal switching problem in finite horizon, when the switching cost functions are arbitrary and can be positive or negative. This has an economic incentive in terms of central evaluation in cases where such organizations or state grants or financial assistance to power plants that promotes green energy in their production activity or what uses less polluting modes in their production. We show existence for optimal strategy via a verification theorem then we show existence and uniqueness of the value processes by using an approximation scheme. In the markovian framework we show that the value processes can be characterized in terms of deterministic continuous functions of the state of the process. Those latter functions are the unique viscosity solutions for a system of m variational partial differential inequalities with inter-connected obstacles." @default.
• W1643479968 created "2016-06-24" @default.
• W1643479968 creator A5007878362 @default.
• W1643479968 creator A5064912851 @default.
• W1643479968 date "2012-04-10" @default.
• W1643479968 modified "2023-09-27" @default.
• W1643479968 title "Optimal Multi-Modes Switching with the Switching Cost not necessarily Positive" @default.
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• W1643479968 hasPublicationYear "2012" @default.
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