02648nam 2200517 450 991052008620332120231218144335.09783030917456(electronic bk.)9783030917449(PPN)273926543(MiAaPQ)EBC6840746(Au-PeEL)EBL6840746(CKB)20462496200041(OCoLC)1290840043(EXLCZ)992046249620004120220907d2021 uy 0engurcnu||||||||txtrdacontentcrdamediacrrdacarrierOptimal control theory applications to management science and economics /Suresh P. SethiFourth edition.Cham, Switzerland :Springer,[2021]©20211 online resource (520 pages) illustrations (some color)Springer texts in business and economicsPrint version: Sethi, Suresh P. Optimal Control Theory Cham : Springer International Publishing AG,c2022 9783030917449 Includes bibliographical references and index.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 GamesThis new 4th edition offers an introduction to optimal control theory and its diverse applications in management science and economics. It introduces students to the concept of the maximum principle in continuous (as well as discrete) time by combining dynamic programming and Kuhn-Tucker theory. While some mathematical background is needed, the emphasis of the book is not on mathematical rigor, but on modeling realistic situations encountered in business and economics.Springer texts in business and economics.Control theoryManagementMathematical modelsOperations researchControl theory.ManagementMathematical models.Operations research.629.8312Sethi Suresh P.291485MiAaPQMiAaPQMiAaPQ9910520086203321Optimal Control Theory2257137UNINA