Showing papers by "Paris Dauphine University published in 1982"
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TL;DR: In this article, an outline of impulsive control and its applications in management is reviewed, and conditions for optimal impulsive controls when the dynamic process is given by a stochastic differential equation with Wiener and jump processes are given.
Abstract: An outline of impulsive control and its applications in management is reviewed. Conditions for optimal impulsive controls when the dynamic process is given by a stochastic differential equation with Wiener and jump processes are given. Applications to inventory control, capacity expansion, vehicle dispatching, maintenance-replacement-inspection, and pricing problems are formulated, and optimality conditions found. Although there are many other applications that can be outlined, these provide some motivation for further study in this emerging field.
58 citations
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18 citations
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01 Dec 198216 citations
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TL;DR: The main objective of this paper is to extend the theory to get rid of this restriction in Optimal control and the method of proof is different.
2 citations
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01 Jan 19821 citations