scholarly journals On the Euler equation approach to discrete--time nonstationary optimal control problems

2014 ◽  
Vol 1 (1) ◽  
pp. 57-78 ◽  
Author(s):  
David González-Sánchez ◽  
◽  
Onésimo Hernández-Lerma ◽  
Author(s):  
J. M. Murray ◽  
K. L. Teo

AbstractIn this paper, a computational algorithm for solving a class of optimal control problems involving discrete time-delayed arguments is presented. By way of example, a simple model of a production firm is devised for which the algorithm is used to solve a decision-making problem.


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