Abstract
In this chapter we present both necessary conditions and sufficient conditions for optimality. These conditions are obtained by generalizing the appropriate finite horizon results. In particular we present the Pontryagin Maximum Principle, and its extension to the infinite horizon.
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© 1987 Springer-Verlag Berlin Heidelberg
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Carlson, D.A., Haurie, A. (1987). Necessary Conditions and Sufficient Conditions for Optimality. In: Infinite Horizon Optimal Control. Lecture Notes in Economics and Mathematical Systems, vol 290. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-02529-1_2
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DOI: https://doi.org/10.1007/978-3-662-02529-1_2
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-17824-8
Online ISBN: 978-3-662-02529-1
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