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SOLVED: Problem 1. Optimal Control. (30 pts.) a) Write 1-2 pages, in your own words, about basic concepts on optimal control. - What is a two-point boundary value problem? - What is
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SOLVED: Consider the following optimal control problem: max e-pt c(t) dt subject to A = rA(t) - c(t) + w A(0) = 0 and lim A(t) = √t700 where 0 < <
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