Marie-Amélie Morlais

  1. Viscosity solutions of systems of PDEs with interconnected obstacles and Multi modes switching problems.

    Authors: Said Hamadène, Marie-Amélie Morlais
    Subjects: Optimization and Control
    Abstract

    This paper deals with existence and uniqueness, in viscosity sense, of a
    solution for a system of m variational partial differential inequalities with
    inter-connected obstacles. A particular case of this system is the
    deterministic version of the Verification Theorem of the Markovian optimal
    m-states switching problem. The switching cost functions are arbitrary. This
    problem is connected with the valuation of a power plant in the energy market.
    The main tool is the notion of systems of reflected BSDEs with oblique
    reflection.

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