Develops the turnpike theory for optimal control problems arising in the forest management
Establishes the existence of solutions of infinite horizon optimal control problems arising in forest management
Describes structure of approximate solutions on finite intervals in the regions close to the end points
This book is devoted to the study of optimal control problems arising in forest management, an important and fascinating topic in mathematical economics studied by many researchers over the years. The volume studies the forest management problem by analyzing a class of optimal control problems that contains it and showing the existence of optimal solutions over infinite horizon. It also studies the structure of approximate solutions on finite intervals and their turnpike properties, as well as the stability of the turnpike phenomenon and the structure of approximate solutions on finite intervals in the regions close to the end points. The book is intended for mathematicians interested in the optimization theory, optimal control and their applications to the economic theory.
1. Turnpike Properties.- 2. Forest Management Problem.- 3. Turnpike Properties of Approximate Solutions.- 4. Generic Turnpike Results.- 5. The Structure of Approximate Solutions on Finite Intervals.- 6. Reconsidering the Forest Management Problem.
"It is clearly written in mathematical language, well structured, deep, well exemplified, care- and tastefully.” (Gerhard-Wilhelm Weber, Joanna Majchrzak and Emel Savku, zbMATH 1427.49001, 2020)
"It is clearly written in mathematical language, well structured, deep, well exemplified, care- and tastefully." (Gerhard-Wilhelm Weber, Joanna Majchrzak and Emel Savku, zbMATH 1427.49001, 2020)
Inhaltsverzeichnis
1. Turnpike Properties.- 2. Forest Management Problem.- 3. Turnpike Properties of Approximate Solutions.- 4. Generic Turnpike Results.- 5. The Structure of Approximate Solutions on Finite Intervals.- 6. Reconsidering the Forest Management Problem.
Klappentext
This book is devoted to the study of optimal control problems arising in forest management, an important and fascinating topic in mathematical economics studied by many researchers over the years. The volume studies the forest management problem by analyzing a class of optimal control problems that contains it and showing the existence of optimal solutions over infinite horizon. It also studies the structure of approximate solutions on finite intervals and their turnpike properties, as well as the stability of the turnpike phenomenon and the structure of approximate solutions on finite intervals in the regions close to the end points. The book is intended for mathematicians interested in the optimization theory, optimal control and their applications to the economic theory.rn
Develops the turnpike theory for optimal control problems arising in the forest management
Establishes the existence of solutions of infinite horizon optimal control problems arising in forest management
Describes structure of approximate solutions on finite intervals in the regions close to the end points
