Numerical approximation of free horizon optimal control problems

A direct method is offered for numerical solution of free-horizon optimal control problems. The method first represents the problem with discrete dynamics. Next, given a fixed number of decisions, not only the decisions, but also the decision frequencies are optimised to construct the optimal state trajectory and also the optimal control horizon. Two sample problems demonstrate the proposed method.

MoreLess

Year of publication:	2014
Authors:	Sirakaya, Sibel
Published in:	International Journal of Computational Economics and Econometrics. - Inderscience Enterprises Ltd, ISSN 1757-1170. - Vol. 4.2014, 3/4, p. 362-371
Publisher:	Inderscience Enterprises Ltd
Subject:	free horizon optimal control \| optimal discretisation \| optimal control horizon \| genetic algorithms

More details

Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010929800