The paper presents a transformation of a multi-stage optimal control model with random switching time to an age …-structured optimal control model. Following the mathematical transformation, the advantages of the present approach, as compared to a …

An elementary approach to a class of optimal control problems with pathwise state constraint is proposed. Based on … characterizations of optimal control. Two examples are discussed. …

dynamics. A stochastic optimal control model was developed to model public debt dynamics based on the debt accounting identity …

This paper deals with an optimal control problem for a linear system of first-order hyperbolic equations with a … simulation of some processes of chemical technology and population dynamics. Normally, general optimal control methods are used … optimal control problem for a system of ordinary differential equations. The reduction is based on non-classic exact increment …