Optimal control theory provides a mathematical framework for devising strategies that steer dynamical systems towards a desired performance while minimising a prescribed cost function.

Central to this field is the turnpike property, which posits that over long time intervals, optimal trajectories and control policies tend to remain close to a steady-state configuration.

He occasionally offers graduate seminars on game theory, economics of incentives and optimal control theory. Zhou uses game theory to explain and analyze competition strategies, economic policies, ...

Mingli Zhong, Optimal Default Retirement Saving Policies, Proceedings. Annual Conference on Taxation and Minutes of the Annual Meeting of the National Tax Association, Vol. 113 (2020), pp. 1-79 ...

3 scholars share economics Nobel for theory of optimal allocationThe prize, the final Nobel award to be announced this year, recognizes the scholars’ work in creating mechanism-design theory ...

We propose a mathematical model for the growth of cell-cycle-specific dose limiting bone marrow. In an attempt to determine effective methods of treatment without overdestruction of the bone marrow we ...