Optimal Control of Switching Diffusions With Application to Flexible Manufacturing Systems
Abstract
A controlled switching diffusion model is developed to study the hierarchical control of flexible manufacturing systems. The existence of a homogeneous Markov non-randomized optimal policy is established by a convex analytic method. Using the existence of such a policy the existence of a unique solution in a certain class to the associated Hamilton-Jacobi-Bellman equations is established and the optimal policy is characterized as a minimizing selector of an appropriate Hamiltonian.
Document Details
- Document Type
- Technical Report
- Publication Date
- Oct 18, 1991
- Accession Number
- ADA454850
Entities
People
- Aristotle Arapostathis
- Mrinal K. Ghosh
- Steven I Marcus
Organizations
- University of Texas at Austin