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Necessary Conditions and Sufficient Conditions for Optimality

  • Dean A. Carlson
  • Alain B. Haurie
  • Arie Leizarowitz

Abstract

In this chapter we present both necessary conditions and sufficient conditions for optimality. These conditions are obtained by generalizing the appropriate finite horizon results. In particular we present the Pontryagin Maximum Principle, and its extension to the infinite horizon.

Keywords

Transversality Condition Constraint Qualification Admissible Pair Infinite Horizon Pontryagin Maximum Principle 
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Copyright information

© Springer-Verlag Berlin Heidelberg 1991

Authors and Affiliations

  • Dean A. Carlson
    • 1
  • Alain B. Haurie
    • 2
  • Arie Leizarowitz
    • 3
  1. 1.Department of MathematicsUniversity of ToledoToledoUSA
  2. 2.Département d’Economie Commerciale et IndustrielleUniversité de GenèveGenèveSuisse
  3. 3.Department of MathematicsTechnion-Israel Institute of TechnologyHaifaIsrael

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