Title
Explicit solutions for singular infinite horizon calculus of variations
Date Issued
09 November 2012
Access level
metadata only access
Resource Type
journal article
Author(s)
Publisher(s)
Society for Industrial and Applied Mathematics
Abstract
We consider a one-dimensional infinite horizon calculus of variations problem (P), where the integrand is linear with respect to the velocity. The Euler-Lagrange equation, when defined, is not a differential equation as usual but reduces to an algebraic (or transcendental) equation C(x) = 0. Thus this first order optimality condition is not informative for optimal solutions with initial condition x 0 such that C(x 0) ≠ 0. To problem (P) we associate an auxiliary calculus of variations problem whose solutions connect as quickly as possible the initial conditions to some constant solutions. Then we deduce the optimality of these curves, called most rapid approach paths, for (P). According to the optimality criterium we consider, we have to assume a classical transversality condition. We observe that (P) possesses the turnpike property, the turnpike set being given by the preceding particular constant solutions of the auxiliary problem. © 2012 Society for Industrial and Applied Mathematics.
Start page
2573
End page
2587
Volume
50
Issue
5
Language
English
OCDE Knowledge area
Matemáticas aplicadas
Subjects
Scopus EID
2-s2.0-84868361380
Source
SIAM Journal on Control and Optimization
ISSN of the container
03630129
Sources of information:
Directorio de Producción Científica
Scopus