Note on the Investigation of Nonlinear Optimal Stochastic Control Theory: Its Applications

This paper deals with investigation of nonlinear optimal stochastic control theory: its applications. During the last two decades, a large number of researchers have applied the theory of stochastic optimal control and stochastic approaches in different fields of engineering, economics, operations research, production planning, investment and medicine. Stochastic optimal control helps to study the problem of optimal control of a stochastic production, planning and investment model. In fact, the stochastic optimal control theory can be considered as a combination of optimal control, stochastic models and mathematical analysis. In this paper the investigation into the applications of nonlinear optimal stochastic control theory is highly emphasize