Title :
An updated open-loop control strategy for socio-economic systems
Author :
Hanson, D.A. ; Perkins, W.R. ; Cruz, J.
Author_Institution :
Ohio State University, Columbus, Ohio
Abstract :
The appropriateness of an updated open-loop stochastic control strategy for the regulation of socio-economic systems will be discussed. A near-optimal solution procedure is suggested which involves transforming the stochastic control problem into an adaptive control problem. The results of an application to regional development planning will also be discussed.
Keywords :
Adaptive control; Cities and towns; Control systems; Feedback; Open loop systems; Optimal control; Performance analysis; Stochastic processes; Stochastic systems; Strategic planning;
Conference_Titel :
Decision and Control, 1972 and 11th Symposium on Adaptive Processes. Proceedings of the 1972 IEEE Conference on
Conference_Location :
New Orleans, Louisiana, USA
DOI :
10.1109/CDC.1972.268967
