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We establish necessary conditions of optimality for problems of optimal control Theory in the discrete time framework … Theory, and there exist also some motivations provided by Physics. …
Persistent link: https://www.econbiz.de/10005776503
The Envelope Theorem is shown to involve comparaisons between the performance of the optimal policy and that of alternative policies, which satisfy the constraints of the problem and may also have other features.
Persistent link: https://www.econbiz.de/10008619374
The Envelope Theorem is shown to involve comparaisons between the performance of the optimal policy and that of alternative policies, which satisfy the constraints of the problem and may also have other features.
Persistent link: https://www.econbiz.de/10005671873