Optimal control theory : applications to management science and economics / / Suresh P. Sethi

• Autore: Sethi Suresh P.
• Pubblicazione: Cham, Switzerland : , : Springer, , [2021]; ©2021
• Edizione: Fourth edition.
• Descrizione fisica: 1 online resource (520 pages) : illustrations (some color)
• Disciplina: 629.8312
• Soggetto topico: Control theory; Management - Mathematical models; Operations research
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: 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
• Sommario/riassunto: This 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.
• Titolo autorizzato: Optimal Control Theory
• ISBN: 9783030917456; 9783030917449
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910520086203321
• Lo trovi qui: Univ. Federico II
• Serie: Springer texts in business and economics.