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A non-classical class of variational problems

By João Pedro Cruz, Delfim Torres and Alan S. I. Zinober


We study a new non-classical class of variational problems that is motivated by some recent research on the non-linear revenue problem in the field of economics. This class of problem can be set up as a maximising problem in the calculus of variations (CoV) or optimal control. However, the state value at the final fixed time, y(T), is a priori unknown and the integrand is a function of the unknown y(T). This is a non-standard CoV problem. In this paper we apply the new costate boundary conditions p(T) in the formulation of the CoV problem. We solve a sample example in this problem class using the numerical shooting method to solve the resulting TPBVP, and incorporate the free y(T) as an additional unknown. Essentially the same results are obtained using symbolic algebra software.CEOCFCTFEDER/POCI 201

Topics: Non-linear revenue problems, Transversality conditions, Calculus of variations, Shooting method, Optimal control
Publisher: Inderscience
Year: 2010
OAI identifier: oai:ria.ua.pt:10773/4454

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