Stochastic optimal control has become a critical framework for addressing decision-making problems under uncertainty, especially in the context of financial market models. By combining probabilistic ...

Merton, Robert C. "Analytical Optimal Control Theory as Applied to Stochastic and Non-Stochastic Economics." Diss., Massachusetts Institute of Technology (MIT), 1970.

The Takagi--Sugeno (T--S) fuzzy descriptor system offers a promising avenue for controlling non-linear systems but lacks optimal control strategies. Moreover, while robust control methods have been ...

Model Predictive Control (MPC) is a modern feedback law that generates the control signal by solving an optimal control problem at each sampling time. This approach is capable of maximizing a certain ...