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Stochastic Control of Hereditary Systems and Applications
Paperback
Series: Stochastic Modelling and Applied Probability, Book 59
Technology & EngineeringGeneral MathematicsProbability & Statistics
ISBN13: 9781441926050
Publisher: Springer Nature
Published: Nov 23 2010
Pages: 406
Weight: 1.31
Height: 0.87 Width: 6.14 Depth: 9.21
Language: English
This research monograph develops the Hamilton-Jacobi-Bellman theory via dynamic programming principle for a class of optimal control problems for stochastic hereditary differential equations (SHDEs) driven by a standard Brownian motion and with a bounded or an infinite but fading memory. These equations represent a class of stochastic infinite-dimensional systems that become increasingly important and have wide range of applications in physics, chemistry, biology, engineering and economics/finance. This monograph covers a very active research area. It can be used as a research reference for researchers and advanced graduate students who have special interest in optimal control theory and applications of stochastic hereditary systems.
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