In section 13.7, we derived the Euler-Lagrange equation using calculus of variation for the following problem:

and show that these conditions are equivalent to the results obtained in section 13.7.

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subject to max Ci e-ptu(c)dt (13.132) F =vF + C with a given Fo and FD = 0. (13.133) In the optimal control literature, the problem is often reformulated as max Cr S (H-5+F+)dt 0