Sufficient conditions and sensitivity analysisfor economic control problems

H. Maurer

Annals of Operations Research, 1999, vol. 88, issue 0, 3-14

Abstract: Second‐order sufficient optimality conditions for nonlinear optimal control problems arereviewed. Applications of these conditions to convex‐concave models of economic controlare presented. On the basis of second‐order conditions, recent stability results are discussedthat ensure differentiability of optimal solutions with respect to perturbation parameters inthe system. Methods for computing the sensitivity differentials of optimal solutions areoutlined and numerical results for two economic control problems are given. Copyright Kluwer Academic Publishers 1999

Date: 1999
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DOI: 10.1023/A:1018942732605

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