Optimal Control Theory with Economic Applications

Optimal Control Theory with Economic Applications
Author :
Publisher : North Holland
Total Pages : 472
Release :
ISBN-10 : STANFORD:36105024890126
ISBN-13 :
Rating : 4/5 ( Downloads)

Book Synopsis Optimal Control Theory with Economic Applications by : A. Seierstad

Download or read book Optimal Control Theory with Economic Applications written by A. Seierstad and published by North Holland. This book was released on 1987-02 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book serves not only as an introduction, but also as an advanced text and reference source in the field of deterministic optimal control systems governed by ordinary differential equations. It also includes an introduction to the classical calculus of variations. An important feature of the book is the inclusion of a large number of examples, in which the theory is applied to a wide variety of economics problems. The presentation of simple models helps illuminate pertinent qualitative and analytic points, useful when confronted with a more complex reality. These models cover: economic growth in both open and closed economies, exploitation of (non-) renewable resources, pollution control, behaviour of firms, and differential games. A great emphasis on precision pervades the book, setting it apart from the bulk of literature in this area. The rigorous techniques presented should help the reader avoid errors which often recur in the application of control theory within economics.


Optimal Control Theory with Economic Applications Related Books

Optimal Control Theory with Economic Applications
Language: en
Pages: 472
Authors: A. Seierstad
Categories: Business & Economics
Type: BOOK - Published: 1987-02 - Publisher: North Holland

GET EBOOK

This book serves not only as an introduction, but also as an advanced text and reference source in the field of deterministic optimal control systems governed b
Optimal Control Theory with Applications in Economics
Language: en
Pages: 387
Authors: Thomas A. Weber
Categories: Business & Economics
Type: BOOK - Published: 2011-09-30 - Publisher: MIT Press

GET EBOOK

A rigorous introduction to optimal control theory, with an emphasis on applications in economics. This book bridges optimal control theory and economics, discus
Optimal Control Theory
Language: en
Pages: 536
Authors: Suresh P. Sethi
Categories: Business & Economics
Type: BOOK - Published: 2006 - Publisher: Taylor & Francis US

GET EBOOK

Optimal control methods are used to determine optimal ways to control a dynamic system. The theoretical work in this field serves as a foundation for the book,
Foundations of Dynamic Economic Analysis
Language: en
Pages: 632
Authors: Michael R. Caputo
Categories: Business & Economics
Type: BOOK - Published: 2005-01-10 - Publisher: Cambridge University Press

GET EBOOK

Foundations of Dynamic Economic Analysis presents a modern and thorough exposition of the fundamental mathematical formalism used to study optimal control theor
Optimal Control Theory and Static Optimization in Economics
Language: en
Pages: 372
Authors: Daniel LĂ©onard
Categories: Business & Economics
Type: BOOK - Published: 1992-01-31 - Publisher: Cambridge University Press

GET EBOOK

Optimal control theory is a technique being used increasingly by academic economists to study problems involving optimal decisions in a multi-period framework.