Necessary Conditions for Continuous Parameter Stochastic Optimization Problems,
Abstract
The paper applied the abstract variational theory of Neustadt to obtain a stochastic maximum principle. Since the papers of Kushner on the stochastic maximum principle, a number of developments were reported by Brodeau, Baum, Fleming and Sworder. The versatile mathematical programming ideas were not used explicitly by Kushner, and with relative ease, the author was able to handle greater varieties of state space constraints then treated in the references. Even in the deterministic case, the ability to handle general constraints with relative ease gives the programming approach a distinct advantage over more direct approaches. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Mar 01, 1971
- Accession Number
- AD0720863
Entities
People
- Harold J. Kushner
Organizations
- Brown University