Normed Bellman Equation with Degenerate Diffusion Coefficients and Its Application to Differential Equations.
Abstract
The purpose of this paper is to prove the existence and uniqueness of generalized solution of the normed bellman equation with degenerate diffusion coefficients and also to prove that this unique solution is the cost function of a stochastic control problem associated with the normed Bellman equation. We can apply these results to some interesting degenerate and nonlinear differential equations. Keywords: Normalizing multiplier; Cost function.
Document Details
- Document Type
- Technical Report
- Publication Date
- Oct 01, 1987
- Accession Number
- ADA190319
Entities
People
- Masatoshi Fujisaki
Organizations
- University of North Carolina at Chapel Hill