solution techniques for the transformed model. First, a generalized verification technique (with a generalized Hamilton–Jacobi–Bellman … equation) is formulated where the strict differentiability of the value function is weaken to local Lipschitz continuity …

solution techniques for the transformed model. First, a generalized verification technique (with a generalized Hamilton–Jacobi–Bellman … equation) is formulated where the strict differentiability of the value function is weaken to local Lipschitz continuity …