Existence of efficient solutions in infinite horizon optimization under continuous and discrete controls

Existence of efficient solutions in infinite horizon optimization under continuous and discrete controls

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Article ID: iaor2005405
Country: Netherlands
Volume: 33
Issue: 1
Start Page Number: 97
End Page Number: 104
Publication Date: Jan 2005
Journal: Operations Research Letters
Authors: ,
Keywords: planning, production
Abstract:

For time-varying deterministic infinite horizon control problems, we provide conditions for the existence of efficient solutions, i.e., solutions which are optimal to each of the states through which they pass. A sufficient condition is that the mappings from controls to states be open. Applications to production planning are considered.

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