Title of article :
Lipschitz continuous dynamic programming with discount Original Research Article
Author/Authors :
Jose M. Maroto، نويسنده , , Manuel Moran، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2005
Pages :
18
From page :
877
To page :
894
Abstract :
We show that if the return function, the technological constraints and the transition function of a standard problem of stochastic dynamic programming with discount satisfy Lipschitz regularity assumptions, then the value function is Lipschitz regular.
Keywords :
Dynamic programming , Optimal growth , Renewable resources , Optimization , Non-smoothness
Journal title :
Nonlinear Analysis Theory, Methods & Applications
Serial Year :
2005
Journal title :
Nonlinear Analysis Theory, Methods & Applications
Record number :
858982
Link To Document :
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