Optimal Consumption in the Stochastic Ramsey Problem without Boundedness Constraints.
Yu-Jui HuangSaeed KhaliliPublished in: SIAM J. Control. Optim. (2019)
Keyphrases
- stochastic dynamic programming
- reducing the search space
- sufficient conditions
- optimal solution
- dynamic programming
- decision variables
- locally optimal
- minimum energy
- approximate dynamic programming
- optimality criteria
- constraint satisfaction
- global constraints
- optimal strategy
- linear constraints
- stochastic optimization
- control policies