Meshfree Approximation for Stochastic Optimal Control Problems

Meshfree Approximation for Stochastic Optimal Control Problems

Year:    2021

Author:    Sun Hui, Feng Bao

Communications in Mathematical Research , Vol. 37 (2021), Iss. 3 : pp. 387–420

Abstract

In this work, we study the gradient projection method for solving a class of stochastic control problems by using a mesh free approximation approach to implement spatial dimension approximation. Our main contribution is to extend the existing gradient projection method to moderate high-dimensional space. The moving least square method and the general radial basis function interpolation method are introduced as showcase methods to demonstrate our computational framework, and rigorous numerical analysis is provided to prove the convergence of our meshfree approximation approach. We also present several numerical experiments to validate the theoretical results of our approach and demonstrate the performance meshfree approximation in solving stochastic optimal control problems.

You do not have full access to this article.

Already a Subscriber? Sign in as an individual or via your institution

Journal Article Details

Publisher Name:    Global Science Press

Language:    English

DOI:    https://doi.org/10.4208/cmr.2021-0022

Communications in Mathematical Research , Vol. 37 (2021), Iss. 3 : pp. 387–420

Published online:    2021-01

AMS Subject Headings:    Global Science Press

Copyright:    COPYRIGHT: © Global Science Press

Pages:    34

Keywords:    Stochastic optimal control maximum principle backward stochastic differential equations meshfree approximation.

Author Details

Sun Hui

Feng Bao

  1. A PDE-BASED ADAPTIVE KERNEL METHOD FOR SOLVING OPTIMAL FILTERING PROBLEMS

    Zhang, Zezhong

    Archibald, Richard

    Bao, Feng

    Journal of Machine Learning for Modeling and Computing, Vol. 3 (2022), Iss. 3 P.37

    https://doi.org/10.1615/JMachLearnModelComput.2022043526 [Citations: 0]