We study the local exact controllability problem for the Navier-Stokes equations that describe an incompressible fluid flow in a bounded domain $\Omega$ with control distributed in a subdomain $\omega \subset \Omega \subset {ℝ}^n,n\in \{2,3\}$. The result that we obtained in this paper is as follows. Suppose that $\widehat{v}(t,x)$ is a given solution of the Navier-Stokes equations. Let $v_0\left(x\right)$ be a given initial condition and $\parallel \widehat{v}(0,·)-v_0\parallel \<\epsilon$ where $\epsilon$ is small enough. Then there exists a locally distributed control $u,\text{supp}u\subset (0,T)\times \omega$ such that the solution $v(t,x)$ of the Navier-Stokes equations:$${\partial }_{t}v-\Delta v+(v,\nabla )v=\nabla p+u+f,\text{div}v=0,v{{|}_{\partial \Omega }=0,v|}_{t=0}=v_0$$coincides with...

We study the local exact controllability problem for the Navier-Stokes equations that describe an incompressible fluid flow in a bounded domain Ω with control distributed in a subdomain $\omega \subset \Omega \subset {ℝ}^n,n\in \{2,3\}$. The result that we obtained in this paper is as follows. Suppose that $\widehat{v}(t,x)$ is a given solution of the Navier-Stokes equations. Let $v_0\left(x\right)$ be a given initial condition and $\parallel \widehat{v}(0,·)-v_0\parallel <\epsilon$ where ε is small enough. Then there exists a locally distributed control $u,\text{supp}u\subset (0,T)\times \omega$ such that the solution v(t,x) of the Navier-Stokes equations: $${\partial }_{t}v-\Delta v+(v,\nabla )v=\nabla p+u+f,\text{div}v=0,v{{|}_{\partial \Omega }=0,v|}_{t=0}=v_0$$ coincides...

Motivated by downside risk minimization on the wealth process in an incomplete market model, we have studied in the recent work the asymptotic behavior as time horizon T → ∞ of the minimizing probability that the empirical mean of a controlled semi-martingale falls below a certain level on the time horizon T. This asymptotic behavior relates to a risk-sensitive stochastic control problem in the risk-averse case. Indeed, we obtained an expression of the decay rate of the probability by the Legendre...