Bellman's equation and the value function

Người báo cáo: Nguyễn Quốc Tuấn

Time: 9Am-10Am, April 11th 2023 (Tuesday)

Location: Room 617, building A6, Institute of Mathematics (18 Hoang Quoc Viet, Cau Giay, Hanoi)

Abstract: In this seminar, we derive the dynamic programming equation called Bellman's equations. Their solutions are used to find optimal strategies in the form of closed loop control. We also show that, if the value function of optimal control problems is smooth, then it is a solution of the Bellman equation.

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