Time average optimization of cycle process with profit and effort discounts

Davydov AA & Shutkina TS (2010). Time average optimization of cycle process with profit and effort discounts. Russian Journal of Nonlinear Dynamics 6 (1): 151-158. DOI:10.20537 / nd1001011.

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Abstract

We prove the existence of solution in the problem of time averaged optimization of cyclic processes with both profit and effort discounts and find the respective necessary optimality condition. It is shown that optimal strategy could be selected piecewise continuous if a differentiable profit density has a finite number of critical points. In such a case the optimal motion uses only maximum and minimum velocities as in Arnold's case without any discount.

Item Type: Article
Uncontrolled Keywords: Average optimization; Periodic process; Necessary optimality condition; Discount
Research Programs: Dynamic Systems (DYN)
Bibliographic Reference: Russian Journal of Nonlinear Dynamics; 6(1):151-158
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 08:43
Last Modified: 07 Sep 2016 13:30
URI: http://pure.iiasa.ac.at/9163

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