Optimal control, viscosity approximation and Arrhenius Law for the shallow lake problem

We prove existence of optimal control for the deterministic and stochastic shallow lake problem without any restrictions on the parameter space and we establish a generalization of the Arrhenius Law in the case of noise-dependent potentials, which naturally arise in control theory problems. We also...

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Bibliographic Details
Main Authors Koutsimpela, Angeliki, Loulakis, Michail
Format Journal Article
LanguageEnglish
Published 15.01.2024
Subjects
Mathematics - Optimization and Control
Mathematics - Probability
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Summary:We prove existence of optimal control for the deterministic and stochastic shallow lake problem without any restrictions on the parameter space and we establish a generalization of the Arrhenius Law in the case of noise-dependent potentials, which naturally arise in control theory problems. We also prove a result about convergence of the derivatives in the viscosity approximation of the value function and use this result to derive the Arrhenius Law for the shallow lake problem.
DOI:10.48550/arxiv.2401.07642