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A multidimensional singular stochastic control problem on a finite time horizon

Marcin BorycŁukasz Kruk — 2015

Annales UMCS, Mathematica

A singular stochastic control problem in n dimensions with timedependent coefficients on a finite time horizon is considered. We show that the value function for this problem is a generalized solution of the corresponding HJB equation with locally bounded second derivatives with respect to the space variables and the first derivative with respect to time. Moreover, we prove that an optimal control exists and is unique

A multidimensional singular stochastic control problem on a finite time horizon

Marcin BorycŁukasz Kruk — 2015

Annales Universitatis Mariae Curie-Skłodowska, sectio A – Mathematica

A singular stochastic control problem in n dimensions with timedependent coefficients on a finite time horizon is considered. We show that the value function for this problem is a generalized solution of the corresponding HJB equation with locally bounded second derivatives with respect to the space variables and the first derivative with respect to time. Moreover, we prove that an optimal control exists and is unique.

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