Abstract
A class of scalar nonlinear difference equations with delay is considered. Sufficient conditions for the global asymptotic stability of a unique equilibrium are given. Applications in economics and other fields lead to consideration of associated optimal control problems. An optimal control problem of maximizing a consumption functional is stated. The existence of optimal solutions is established and their stability (the turnpike property) is proved.
Original language | English (US) |
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Pages (from-to) | 251-263 |
Number of pages | 13 |
Journal | Journal of Global Optimization |
Volume | 56 |
Issue number | 2 |
DOIs | |
State | Published - Jun 2013 |
All Science Journal Classification (ASJC) codes
- Control and Optimization
- Applied Mathematics
- Business, Management and Accounting (miscellaneous)
- Computer Science Applications
- Management Science and Operations Research