Abstract
The limit of the solutions for the finite horizon problems is not always optimal for the infinite horizon problems. In this paper, we provide some special conditions that ensure its validity. It can be applied to constructing the optimal solutions for the undiscounted infinite horizon optimization problems. We also demonstrate a simple example to explain this structure.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.