Team optimality conditions of differential decision systems with nonclasssical information structures
Date
2014ISBN
978-3-9524269-1-3Publisher
Institute of Electrical and Electronics Engineers Inc.Source
2014 European Control Conference, ECC 20142014 European Control Conference, ECC 2014
Pages
2851-2856Google Scholar check
Keyword(s):
Metadata
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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 it is shown that person-by-person optimality implies team optimality. © 2014 EUCA.