Transversality condition
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In optimal control theory, a transversality condition is a boundary condition for the terminal values of the costate variables. They are one of the necessary conditions for optimality infinite-horizon optimal control problems without an endpoint constraint on the state variables.
See also
Further reading
- Beavis, Brian; Dobbs, Ian (1990). . Optimisation and Stability Theory for Economic Analysis. New York: Cambridge University Press. pp. 252–259. ISBN 0-521-33605-8.
- Léonard, Daniel; Long, Ngo Van (1992). . Optimal Control Theory : Static Optimization in Economics. New York: Cambridge University Press. pp. 221–262. ISBN 0-521-33746-1.