Download This PaperOptimal Control Problems with Differential Inclusions: Sufficiency Conditions Inventory Model and an Application to a Production Inventory Model
Optimal Control Applications & Methods, Vol. 5, pp. 289-307, 1984
19 Pages Posted: 22 Jun 2009 Last revised: 3 Feb 2019
Date Written: 1984
Abstract
In this paper we derive useful sufficiency optimality conditions for a class of optimal control problems subject to differential inclusions and involving non-differentiable functions. A production inventory problem is solved to illustrate our results.
Keywords: Sufficient conditions, differential inclusions, non-differentiable functions, economic applications
JEL Classification: M11, C61
Suggested Citation: Suggested Citation
Hartl, R. F. and Sethi, Suresh, Optimal Control Problems with Differential Inclusions: Sufficiency Conditions Inventory Model and an Application to a Production Inventory Model (1984). Optimal Control Applications & Methods, Vol. 5, pp. 289-307, 1984, Available at SSRN: https://ssrn.com/abstract=1421950
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