OPTIMAL CONTROL OF RANDOM EVOLUTIONS.

Research output: Journal Publications and ReviewsRGC 21 - Publication in refereed journalpeer-review

8 Citations (Scopus)

Abstract

A stochastic control problem for a random evolution is considered. The Bellman equation of the problem is studied. The existence of an optimal stochastic control, which is Markovian is proved. This problem mkes it possible to approximate the general problem of the optimal control of solutions of stochastic differential equations.
Original languageEnglish
Pages (from-to)169-199
JournalStochastics
Volume5
Issue number3
DOIs
Publication statusPublished - 1981
Externally publishedYes

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