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We derive team optimality conditions for differential decision systems with nonclassical information structures. The necessary conditions of optimality are given in terms of Hamiltonian system of equations consisting of a coupled backward and forward differential equations and a Hamiltonian projected onto the subspace generated by the information structures. Under certain global convexity conditions...
In this paper, it is demonstrated that the Theory of Linear Quadratic is applicable in deriving optimum immigration policies, while maintaining population and immigration levels close to certain pre-specified reference trajectories. An already existed dynamic population model found in literature and statistical data obtained from Cyprus Statistics, are used for our simulation purposes. The numerical...
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