Inverse optimal control (IOC) is an advanced methodological framework that seeks to deduce the underlying cost or reward functions based solely on the observation of optimal behaviour. Traditionally, ...

Optimal control problems are mathematical formulations used to determine control strategies that yield a desired outcome while minimising a prescribed cost function. In many applications, these ...

Founded in 1933 by a group of young British and American economists, The Review of Economic Studies aims to encourage research in theoretical and applied economics, especially by young economists.

Model Predictive Control (MPC) is a modern feedback law that generates the control signal by solving an optimal control problem at each sampling time. This approach is capable of maximizing a certain ...

Since mid-September, when former U.S. Treasury Secretary Larry Summers withdrew his name from consideration to replace Ben Bernanke as chairman of the Federal Reserve next year, market participants ...