On Hybrid Stochastic Singular Control

Authors:	Robin Maurice, Ecole Polytechnique, France Menaldi Jose-Luis, Wayne State University Dept of Math, United States
Topic:	2.4 Optimal Control
Session:	Optimal Control in Stochastic Systems
Keywords:	stochastic optimal control, hybrid-singular control, HJB equation

Abstract

We consider stochastic hybrid systems controlled by a bounded variationprocess leading to a singular control. A typical example is considered(i.e., characterization and properties of the value function) and a moregeneral class is discussed in a paper to appear.