Weak Dynamic Programming for Generalized State Constraints

نویسندگان

  • Bruno Bouchard
  • Marcel Nutz
چکیده

We provide a dynamic programming principle for stochastic optimal control problems with expectation constraints. A weak formulation, using test functions and a probabilistic relaxation of the constraint, avoids restrictions related to a measurable selection but still implies the Hamilton-Jacobi-Bellman equation in the viscosity sense. We treat open state constraints as a special case of expectation constraints and prove a comparison theorem to obtain the equation for closed state constraints.

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عنوان ژورنال:
  • SIAM J. Control and Optimization

دوره 50  شماره 

صفحات  -

تاریخ انتشار 2012