Existence of optimal controls for singular control problems with state constraints

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Existence of Optimal Controls for Singular Control Problems with State Constraints1 by Amarjit Budhiraja

We establish the existence of an optimal control for a general class of singular control problems with state constraints. The proof uses weak convergence arguments and a time rescaling technique. The existence of optimal controls for Brownian control problems [14], associated with a broad family of stochastic networks, follows as a consequence. 1. Introduction. This paper is concerned with a cl...

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ژورنال

عنوان ژورنال: The Annals of Applied Probability

سال: 2006

ISSN: 1050-5164

DOI: 10.1214/105051606000000556