Abstract
Closed bipartite quantum systems subject to fast local unitary control are studied using quantum optimal control theory and a method of reduced control systems based on the Schmidt decomposition. Particular focus is given to the time-optimal generation of maximally entangled states and product states, as well as to the problem of stabilizing quantum states with a certain amount of entanglement. Explicit analytical solutions are given for general systems consisting of two qubits (as well as for bosonic and fermionic analogues) and also for a class of systems consisting of two coupled qutrits which is studied using the Pontryagin Maximum Principle.