Picard-lindelf Theorem

In mathematics, the Picard-Lindelf theorem on existence and uniqueness of solutions of differential equations (Picard 1890, Lindelf 1894) states that an initial value problem y'(t)=f(t,y(t)),\quad y(t_0)=y_0 has exactly one solution if f is Lipschitz continuous and bounded. A simple proof is successive approximation: (also called Picard iteration) Set \varphi_0(t)=y_0 \,\! and \varphi_i(t)=y_0+\int_{t_0}^{t}f(s,\varphi_{i-1}(s))\,ds. It can then be shown rather easily that the sequence of the \varphi_i \,\! (called the Picard iterates) is convergent and that the limit is a solution to the problem.

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