Bifurcations of optimal vector fields: an overview

Authors
Publication date 2009
Host editors
  • J. Rodellar
  • E. Reithmeier
Book title 15th International Workshop on Dynamics and Control: IWDC 2009
ISBN
  • 9788496736634
Event 15th International Workshop on Dynamics and Control
Pages (from-to) 89-94
Publisher Barcelona: International Center for Numerical Methods in Engineering
Organisations
  • Faculty of Economics and Business (FEB) - Amsterdam School of Economics Research Institute (ASE-RI)
Abstract We develop a bifurcation theory for the solution structure of infinite horizon optimal control problems with one state variable. It turns out that qualitative changes of this structure are connected to local and global bifurcations in the state-costate system. We apply the theory to investigate an economic-ecological optimisation problem with hysteresis and irreversibilities.
Document type Conference contribution
Language English
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