ON THE EXISTENCE OF OPTIMAL RANDOM CONTROLS.
Abstract
The existence of optimal control for a stochastic control problem is proven. The control problem studied is an open-loop problem and the system is governed by a stochastic integral equation with memory. A class of random generalized controls is introduced and it is shown that in this class there is a control which minimizes the expectation of a semi-continuous functional. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Jun 01, 1968
- Accession Number
- AD0681481
Entities
People
- H. Becker
- V. Mandrekar
Organizations
- University of Wisconsin–Madison