Optimal Control and Dynamic Games: Applications in Finance, Management Science and Economics

Author:   Christophe Deissenberg ,  Richard F. Hartl
Publisher:   Springer-Verlag New York Inc.
Edition:   2005 ed.
Volume:   7
ISBN:  

9780387258041


Pages:   344
Publication Date:   23 August 2005
Format:   Hardback
Availability:   In Print   Availability explained
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Optimal Control and Dynamic Games: Applications in Finance, Management Science and Economics


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Overview

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.

Full Product Details

Author:   Christophe Deissenberg ,  Richard F. Hartl
Publisher:   Springer-Verlag New York Inc.
Imprint:   Springer-Verlag New York Inc.
Edition:   2005 ed.
Volume:   7
Dimensions:   Width: 15.60cm , Height: 2.20cm , Length: 23.20cm
Weight:   1.540kg
ISBN:  

9780387258041


ISBN 10:   0387258043
Pages:   344
Publication Date:   23 August 2005
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

Table of Contents

Applications to Marketing.- Advertising Directed Towards Existing and New Customers.- Advertising and Advertising Claims Over Time.- Environmental Applications.- Capital Resource Substitution, Overshooting, and Sustainable Development.- Hierarchical and Asymptotic Optimal Control Models for Economic Sustainable Development.- Common Property Resource and Private Capital Accumulation with Random Jump.- Transfer Mechanisms Inducing a Sustainable Forest Exploitation.- Characterizing Dynamic Irrigation Policies Via Green’s Theorem.- Applications in Economics and Finance.- Volatility Forecasts and the Profitability of Automated Trading Strategies.- Two-Part Tariff Pricing in a Dynamic Environment.- Numerical Solutions to Lump-Sum Pension Fund Problems That Can Yield Left-Skewed Fund Return Distributions.- Differentiated Capital and the Distribution of Wealth.- Optimal Firm Contributions to Open Source Software.- Production, Maintenance and Transportation.- The Impact of Dynamic Demand and Dynamic Net Revenues on Firm Clockspeed.- Hibernation Durations for Chain of Machines with Maintenance under Uncertainty.- Self-Organized Control of Irregular or Perturbed Network Traffic.- A Stochastic Optimal Control Policy for A Manufacturing System on A Finite Time Horizon.- On A State-Constrained Control Problem in Optimal Production and Maintenance.- Methodological Advances.- Reliability Index.- The Direct Method for A Class of Infinite Horizon Dynamic Games.

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Author Information

Prof. Christophe Deissenberg GREQAM, UMR CNRS 6579 Universite de la Mediterranee Chateau 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

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