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• W2116737322 abstract "This paper refines the necessary optimality conditions for uniformly overtaking optimal control on infinite horizon in the free end case. This condition is applicable to general non-stationary systems and the optimal objective value is not necessarily finite. In the papers of S.M. Aseev, A.V. Kryazhimskii, V.M. Veliov, K.O. Besov there was suggested a boundary condition for equations of the Pontryagin Maximum Principle. Each optimal process corresponds to a unique solution satisfying the boundary condition. Following A. Seierstad’s idea, in this paper we prove a more general geometric version of that boundary condition. We show that this condition is necessary for uniformly overtaking optimal control on infinite horizon in the free end case. A number of assumptions under which this condition selects a unique Lagrange multiplier is obtained. Some examples are discussed." @default.
• W2116737322 created "2016-06-24" @default.
• W2116737322 creator A5048879977 @default.
• W2116737322 date "2013-10-01" @default.
• W2116737322 modified "2023-09-25" @default.
• W2116737322 title "Necessity of Vanishing Shadow Price in Infinite Horizon Control Problems" @default.
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• W2116737322 doi "https://doi.org/10.1007/s10883-013-9192-5" @default.
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