BEGIN:VCALENDAR
VERSION:2.0
PRODID:talks.ox.ac.uk
BEGIN:VEVENT
SUMMARY:The stochastic shallow lake problem - Prof Michail Loulakis (Natio
 nal Technical University of Athens)
DTSTART;VALUE=DATE-TIME:20180618T140000
DTEND;VALUE=DATE-TIME:20180618T150000
UID:https://talks.ox.ac.uk/talks/id/4b7d3d47-92de-43b9-b9b8-b33fa2f32fbd/
DESCRIPTION:We study the welfare function and the optimal control of the s
 hallow lake problem with multiplicative noise. We show that the welfare fu
 nction is the viscosity solution of the associated Bellman equation and we
  establish several properties including its asymptotic behaviour at infini
 ty. In the presence of noise\, the optimally controlled lake may have a bi
 modal invariant distribution and exhibit metastable transitions between ol
 igotrophic (blue) and eutrophic (green) states.\nSpeakers:\nProf Michail L
 oulakis (National Technical University of Athens)
LOCATION:Information Engineering (LR7)\, Banbury Road OX1 3PH
TZID:Europe/London
URL:https://talks.ox.ac.uk/talks/id/4b7d3d47-92de-43b9-b9b8-b33fa2f32fbd/
BEGIN:VALARM
ACTION:display
DESCRIPTION:Talk:The stochastic shallow lake problem - Prof Michail Loulak
 is (National Technical University of Athens)
TRIGGER:-PT1H
END:VALARM
END:VEVENT
END:VCALENDAR