Abstract:
For a smooth one-parameter family of pairs of control systems and
profit densities on a circle, the generic transitions between optimal
rotations and stationary strategies are studied in the problem of
maximization of the time-averaged profit on the infinite horizon. It
is shown that there are only two types of such transitions, the
corresponding singularities of the average profit as a function of
the family parameter are found, and it is proved that these
singularities are stable under small perturbations of a generic
family. The classification of singularities of the maximum average
profit is completed for generic families.
Bibliography: 16 titles.