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Elements of Optimal Control

  • Didier Cossin
  • Felipe M. Aparicio
Part of the Advances in Computational Management Science book series (AICM, volume 3)

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.

Keywords

Optimal Control Problem Credit Risk Deterministic Setting Dynamic Programming Principle Dynamic Programming Equation 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media Dordrecht 2001

Authors and Affiliations

  • Didier Cossin
    • 1
  • Felipe M. Aparicio
    • 2
  1. 1.Université de LausanneSwitzerland
  2. 2.Universidad Carlos III de MadridSpain

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