标题:Social Optimal mean field control problem for population growth model
作者:Yu, Wenguang; Wang, Fei; Huang, Yujuan; Liu, Haodong
作者机构:[Yu, Wenguang; Wang, Fei] Shandong Univ Finance & Econ, Sch Insurance, Jinan, Shandong, Peoples R China.; [Huang, Yujuan] Shandong Jiaotong Univ, Sc 更多
通讯作者:Huang, YJ
通讯作者地址:[Huang, YJ]Shandong Jiaotong Univ, Sch Sci, Jinan 250357, Shandong, Peoples R China.
来源:ASIAN JOURNAL OF CONTROL
DOI:10.1002/asjc.2164
关键词:optimal control; mean field; the population growth model; geometry; Brownian motion; variation method; fixed point principle
摘要:In this paper, we consider a class of social optimal mean field control problem of the population growth model. Suppose a fishpond has N-fish schools, the population of each of them is described by a geometry Brownian motion, the fisherman is on one hand to minimize the total nourishment investments and on another hand to minimize the expected population level measured by the state average of the population of all fish schools. By solving an optimal control problem involved N-controls and approximating the state average appearing in the adjoint equation, a series of decentralized controls is designed which have a property of asymptotic social optimality. Finally, a simulation example is given.
收录类别:SCIE
资源类型:期刊论文
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