Abstract
Generally speaking, the concept of control could be defined as the process of influencing the behavior of a dynamical system in order to achieve a desired goal. When the goal consists in optimizing some payoff function (or minimizing a cost function) depending on the control inputs, then we are dealing with an optimal control problem.
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© 2001 Springer Science+Business Media Dordrecht
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Cossin, D., Aparicio, F.M. (2001). Elements of Optimal Control. In: Optimal Control of Credit Risk. Advances in Computational Management Science, vol 3. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-1393-3_3
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DOI: https://doi.org/10.1007/978-1-4615-1393-3_3
Publisher Name: Springer, Boston, MA
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