Article ID Journal Published Year Pages File Type
837526 Nonlinear Analysis: Real World Applications 2012 12 Pages PDF
Abstract

We study the existence and a turnpike property of solutions of a discrete-time control system with discounting and with a compact metric space of states. In our recent work for this discrete-time optimal control system without discounting we establish the turnpike property and show that it is stable under perturbations of an objective function. In the present paper we show that this turnpike property together with its stability also hold for the system with discounting.

Related Topics
Physical Sciences and Engineering Engineering Engineering (General)
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