A method for dealing with monotonicity constraints in optimal control problems is used to generalize some results in …

The paper develops a version of Pontryagin's maximum principle for optimal control problems with monotonicity … constraints on control variables. Whereas the literature handles such constraints by imposing an assumption of piecewise …

The paper develops a version of Pontryagin's maximum principle for optimal control problems with monotonicity … constraints on control variables. Whereas the literature handles such constraints by imposing an assumption of piecewise … Principle for Control Problems with Monotonicity Constraints Martin Hellwig Preprints of the Max Planck Institute for …

factor. Additionally, monotonicity constraints on the nonlinear functions are possible. Our work is motivated by the …-item price response functions flexibly to represent nonlinearities and irregular pricing effects in sales response. Monotonicity … constraints are imposed so that a brand's own price is inversely related and the prices of competing brands are directly related …

factor. Additionally, monotonicity constraints on the nonlinear functions are possible. Our work is motivated by the …-item price response functions flexibly to represent nonlinearities and irregular pricing effects in sales response. Monotonicity … constraints are imposed so that a brand's own price is inversely related and the prices of competing brands are directly related …