Turnpike Properties in the Calculus of Variations and Optimal Control
Publication year: 2006
ISBN: 978-0-387-28154-4
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This book is devoted to the recent progress on the turnpike theory. The turnpike property was discovered by Paul A. Samuelson, who applied it to problems in mathematical economics in 1949. The book should help to correct the misapprehension that turnpike properties are only special features of some narrow classes of convex problems of mathematical economics.
Subject: Mathematics and Statistics, Calculus of Variations, Optimal control, calculus, differential equation, extrema, game theory, linear optimization
