Graduate Student Support for Singular Control of Stochastic Processes

这个奖项是为了支持研究生在随机过程领域的一个项目。特别令人感兴趣的是具有大量随机变量的系统的最优控制问题。为了控制这样一个系统，使其状态保持在一定的范围内，有必要使用单一控制而不是连续控制。这项研究的应用范围从控制经济到控制导弹的飞行。

This award is for graduate student support for work on a project in the area of stochastic processes. Of particular interest is the problem of optimal control of systems having a large number of random variables. To control such a system in a manner which will maintain the state of the system within certain boundaries, it is necessary to use singular rather than continuous controls. Applications for this research vary from controling the economy to controling the flight of a missile.