Deissenberg / Hartl / Milles Optimal Control and Dynamic Games

Applications in Finance, Management Science and Economics
2005
ISBN: 978-0-387-25805-8
Verlag: Springer US
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, Band 7, 344 Seiten

Reihe: Advances in Computational Management Science

Optimal Control and Dynamic Games has been edited to honor the outstanding contributions of Professor Suresh Sethi in the fields of Applied Optimal Control. Professor Sethi is internationally one of the foremost experts in this field. He is, among others, co-author of the popular textbook 'Sethi and Thompson: Optimal Control Theory: Applications to Management Science and Economics'. The book consists of a collection of essays by some of the best known scientists in the field, covering diverse aspects of applications of optimal control and dynamic games to problems in Finance, Management Science, Economics, and Operations Research. In doing so, it provides both a state-of-the-art overview over recent developments in the field, and a reference work covering the wide variety of contemporary questions that can be addressed with optimal control tools, and demonstrates the fruitfulness of the methodology.

Prof. Christophe Deissenberg
GREQAM, UMR CNRS 6579
Université de la Méditerranée
Château La Farge
Route des Milles
13290 Les Milles
France Specialisted in economic dynamics, computational economics, decision-making, economic complexity, environmental economics Prof. Richard Hartl
Chair of Production and Operations Management
BWZ, Institute of Management
University of Vienna
Bruennerstraße 72
A-1210 Vienna
Austria Specialized in quantitative methods in production and operations management, dynamics of the firm, optimal control, operations research (OR) methods and applications  

Autoren/Hrsg.

Deissenberg, Christophe

Milles, Les

Hartl, Richard F.

Inhaltsverzeichnis

1;Contents;7
2;Foreword;11
3;List of Contributors;15
4;Introduction;19
5;Part I APPLICATIONS TO MARKETING;26
5.1;Chapter 1 ADVERTISING DIRECTED TOWARDS EXISTING AND NEW CUSTOMERS;27
5.2;Chapter 2 ADVERTISING AND ADVERTISING CLAIMS OVER TIME;43
6;Part II ENVIRONMENTAL APPLICATIONS;63
6.1;Chapter 3 CAPITAL RESOURCE SUBSTITUTION, OVERSHOOTING, AND SUSTAINABLE DEVELOPMENT;65
6.2;Chapter 4 HIERARCHICAL AND ASYMPTOTIC OPTIMAL CONTROL MODELS FOR ECONOMIC SUSTAINABLE DEVELOPMENT;85
6.3;Chapter 5 COMMON PROPERTY RESOURCE AND PRIVATE CAPITAL ACCUMULATION WITH RANDOM JUMP;101
6.4;Chapter 6 TRANSFER MECHANISMS INDUCING A SUSTAINABLE FOREST EXPLOITATION;109
6.5;Chapter 7 CHARACTERIZING DYNAMIC IRRIGATION POLICIES VIA GREEN’S THEOREM;129
7;Part III APPLICATIONS IN ECONOMICS AND FINANCE;143
7.1;Chapter 8 VOLATILITY FORECASTS AND THE PROFITABILITY OF AUTOMATED TRADING STRATEGIES;145
7.2;Chapter 9 TWO-PART TARIFF PRICING IN A DYNAMIC ENVIRONMENT;165
7.3;Chapter 10 NUMERICAL SOLUTIONS TO LUMP-SUM PENSION FUND PROBLEMS THAT CAN YIELD LEFT- SKEWED FUND RETURN DISTRIBUTIONS;179
7.4;Chapter 11 DIFFERENTIATED CAPITAL AND THE DISTRIBUTION OF WEALTH;201
7.5;Chapter 12 OPTIMALFIRM CONTRIBUTIONSTO OPEN SOURCE SOFTWARE;221
8;Part IV PRODUCTION, MAINTENANCE AND TRANSPORTATION;238
8.1;Chapter 13 THE IMPACT OF DYNAMIC DEMAND AND DYNAMIC NET REVENUES ON FIRM CLOCKSPEED;239
8.2;Chapter 14 HIBERNATION DURATIONS FOR CHAIN OF MACHINES WITH MAINTENANCE UNDER UNCERTAINTY;255
8.3;Chapter 15 SELF-ORGANIZED CONTROL OF IRREGULAR OR PERTURBED NETWORK TRAFFIC;263
8.4;Chapter 16 A STOCHASTIC OPTIMAL CONTROL POLICY FOR A MANUFACTURING SYSTEM ON A FINITE TIME HORIZON;299
8.5;Chapter 17 ON A STATE-CONSTRAINED CONTROL PROBLEM IN OPTIMAL PRODUCTION AND MAINTENANCE;313
9;Part V METHODOLOGICAL ADVANCES;334
9.1;Chapter 18 RELIABILITY INDEX;335
9.2;Chapter 19 THE DIRECT METHOD FOR A CLASS OF INFINITE HORIZON DYNAMIC GAMES;343
10;Suresh P. Sethi;359
11;Author Index;366