Title :
Team optimality conditions of differential decision systems with nonclasssical information structures
Author :
Charalambous, Charalambos D. ; Charalambous, Themistoklis ; Hadjicostis, Christoforos N.
Author_Institution :
Dept. of Electr. & Comput. Eng., Univ. of Cyprus, Nicosia, Cyprus
Abstract :
We derive team optimality conditions for differential decision systems with nonclassical information structures. The necessary conditions of optimality are given in terms of Hamiltonian system of equations consisting of a coupled backward and forward differential equations and a Hamiltonian projected onto the subspace generated by the information structures. Under certain global convexity conditions it is shown that person-by-person optimality implies team optimality.
Keywords :
decision making; differential equations; information theory; Hamiltonian equations system; differential decision systems; differential equations; global convexity conditions; nonclasssical information structures; person-by-person optimality; team optimality; team optimality conditions; Decision making; Differential equations; Equations; Hilbert space; Trajectory; Vectors; Zinc;
Conference_Titel :
Control Conference (ECC), 2014 European
Conference_Location :
Strasbourg
Print_ISBN :
978-3-9524269-1-3
DOI :
10.1109/ECC.2014.6862606
