Strict dissipativity for discrete time discounted optimal control problems

The paradigm of discounting future costs is a common feature of economic applications of optimal control. In this paper, we provide several results for such discounted optimal control aimed at replicating the now wellknown results in the standard, undiscounted, setting whereby (strict) dissipa-tivity, turnpike properties, and near-optimality of closed-loop systems using model predictive control are essentially equivalent. To that end, we introduce a notion of discounted strict dissipativity and show that this implies various properties including the existence of available storage functions, required sup-ply functions, and robustness of optimal equilibria. Additionally, for discount factors sufficiently close to one we demonstrate that strict dissipativity implies discounted strict dissipativity and that optimally controlled systems, derived from a discounted cost function, yield practically asymptotically stable equi-libria. Several examples are provided throughout

On a discounted notion of strict dissipativity

Recent results in the literature have provided connections between the so-called turnpike property, near optimality of closed-loop solutions using model predictive control schemes, and strict dissipativity. An important feature of these results is that strict dissipativity provides a checkable condition for the other two properties. These results relate to optimal control problems with undiscounted stage cost. Motivated by applications in economics, we consider optimal control problems with discounted stage cost and define a notion of discounted strict dissipativity. As in the undiscounted case, we show that discounted strict dissipativity provides a checkable condition for various properties of the solutions of the optimal control problem associated with the appropriately defined discounted available storage function

Local turnpike analysis using local dissipativity for discrete time discounted optimal control

Recent results in the literature have provided connections between the so-called turnpike property, near optimality of closed-loop solutions, and strict dissipativity. Motivated by applications in economics, optimal control problems with discounted stage cost are of great interest. In contrast to non-discounted optimal control problems, it is more likely that several asymptotically stable optimal equilibria coexist. Due to the discounting and transition cost from a local to the global equilibrium, it may be more favourable staying in a local equilibrium than moving to the global - cheaper - equilibrium. In the literature, strict dissipativity was shown to provide criteria for global asymptotic stability of optimal equilibria and turnpike behavior. In this paper, we propose a local notion of discounted strict dissipativity and a local turnpike property, both depending on the discount factor. Using these concepts, we investigate the local behaviour of (near-)optimal trajectories and develop conditions on the discount factor to ensure convergence to a local asymptotically stable optimal equilibrium

On the Stabilization and Stability Robustness Against Small Delays of Some Damped wave equations

Cataloged from PDF version of article.In this note we consider a system which can be modeled by two different one-dimensional damped wave equations in a bounded domain, both parameterized by a nonnegative damping constant. We assume that the system is fixed at one end and is controlled by a boundary controller at the other end. We consider two problems, namely the stabilization and the stability robustness of the closed-loop system against arbitrary small time delays in the feedback loop. We propose a class of dynamic boundary controllers and show that these controllem solve the stabilization problem when the damping cuefMent is nonnegative and stability robustness problem when the damping coefficient is strictly positive