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• W2183670578 abstract "This paper studies necessary as well as sufficient conditions of optimality for a general class of controlled diffusions with Jumps. The state of the system is described by a nonlinear stochastic differential equation, driven by a Poisson random measure and an independent Brownian motion. A discussion on verification results is carried out, by using recent results on the relationship between the adjoint processes and the value function, in terms of viscosity solutions and the associated super-differentials. In a second step, we prove the nonsmooth version of the necessity part of the verification theorem in terms of sub-differentials, rather than derivatives of the value function." @default.
• W2183670578 created "2016-06-24" @default.
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• W2183670578 date "2014-01-01" @default.
• W2183670578 modified "2023-09-27" @default.
• W2183670578 title "Optimality Conditions by Means of the Generalized HJB Equation" @default.
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