Maximum Principle for Linear-Convex Boundary Control Problems applied to Optimal Investment with Vintage Capital

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dc.creatorFaggian, Silvia
dc.date2007-11-23
dc.date.accessioned2026-07-07T08:44:39Z
dc.date.available2026-07-07T08:44:39Z
dc.descriptionThe paper concerns the study of the Pontryagin Maximum Principle for an infinite dimensional and infinite horizon boundary control problem for linear partial differential equations. The optimal control model has already been studied both in finite and infinite horizon with Dynamic Programming methods in a series of papers by the same author, or by Faggian and Gozzi. Necessary and sufficient optimality conditions for open loop controls are established. Moreover the co-state variable is shown to coincide with the spatial gradient of the value function evaluated along the trajectory of the system, creating a parallel between Maximum Principle and Dynamic Programming. The abstract model applies, as recalled in one of the first sections, to optimal investment with vintage capital.
dc.identifierhttps://arxiv.org/abs/0711.3694
dc.identifierhttp://arxiv.org/abs/0711.3694
dc.identifier.urihttp://salesiana.dossiersoluciones.com/handle/123456789/142731
dc.subjectOptimization and Control
dc.subject49J15, 49J20, 35B37
dc.titleMaximum Principle for Linear-Convex Boundary Control Problems applied to Optimal Investment with Vintage Capital
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