Buch, Englisch, 506 Seiten, HC runder Rücken kaschiert, Format (B × H): 160 mm x 241 mm, Gewicht: 963 g
Applications to Management Science and Economics
Buch, Englisch, 506 Seiten, HC runder Rücken kaschiert, Format (B × H): 160 mm x 241 mm, Gewicht: 963 g
Reihe: Springer Texts in Business and Economics
ISBN: 978-3-030-91744-9
Verlag: Springer International Publishing
Exercises are included in each chapter, while the answers to selected exercises help deepen readers’ understanding of the material covered. Also included are appendices of supplementary material on the solution of differential equations, the calculus of variations and its ties to the maximum principle, and special topics including the Kalman filter, certainty equivalence, singular control, a global saddle point theorem, Sethi-Skiba points, and distributed parameter systems.
Optimal control methods are used to determine optimal ways to control a dynamic system. The theoretical work in this field serves as the foundation for the book, in which the author applies it to business management problems developed from his own research and classroom instruction. The new edition has been refined and updated, making it a valuable resource for graduate courses on applied optimal control theory, but also for financial and industrial engineers, economists, and operational researchers interested in applying dynamic optimization in their fields.
Zielgruppe
Graduate
Autoren/Hrsg.
Fachgebiete
Weitere Infos & Material
1. What is Optimal Control Theory?.- 2. The Maximum Principle: Continuous Time.- 3. The Maximum Principle: Mixed Inequality Constraints.- 4. The Maximum Principle: Pure State and Mixed Inequality Constraints.- 5. Applications to Finance.- 6. Applications to Production and Inventory.- 7. Applications to Marketing.- 8. The Maximum Principle: Discrete Time.- 9. Maintenance and Replacement.- 10. Applications to Natural Resources.- 11. Applications to Economics.- 12. Stochastic Optimal Control.- 13. Differential Games.