Abstract
For a closed set S and a bounded closed convex set U in a real normed vector space, we give exact subdifferential formulas of an optimal value function $$\mathrm {I}\!\Gamma _{S|U}$$ whose definition is based on the Minkowski function of U. $$\mathrm {I}\!\Gamma _{S|U}$$ covers distance function and indicator function as special cases. The main contribution is dropping two important assumptions of some main results in the literature.
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