Dynamic Optimization: The Calculus of Variations and Optimal Control in Economics and Management
Language: English
Published by Elsevier Science Ltd, 1981
- Hardcover
- Used
Seller: World of Books Inc, Montgomery, IL, U.S.A.World of Books Inc
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Condition: Used - Fair
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An excellent financial research tool, this classic focuses on the methods of solving continuous time problems. The two-part treatment covers closely related approaches to the calculus of variations and optimal control. In the two decades since its initial publication, the text has defined dynamic optimization for courses in economics and management science.Simply, clearly, and succinctly written chapters introduce new developments, expound upon underlying theories, and cite examples. Exercises extend the development of theories, provide working examples, and indicate further uses of the methods. Geared toward management science and economics PhD students in dynamic optimization courses as well as economics professionals, this volume requires a familiarity with microeconomics and nonlinear programming. Extensive appendices provide introductions to calculus optimization and differential equations.
Seller Inventory # CIN0444004246A
- Title
- Dynamic Optimization: The Calculus of Variations and Optimal Control in Economics and Management
- Author
- Morton I Kamien
- Publisher
- Elsevier Science Ltd
- Publication year
- 1981
- Condition
- Fair
- Binding
- Hardback
- Language
- English
- ISBN 10
- 0444004246
- ISBN 13
- 9780444004246
The second edition of Dynamic Optimization provides expert coverage on:- methods of calculus of variations - optimal control - continuous dynamic programming - stochastic optimal control -differential games. The authors also include appendices on static optimization and on differential games.
Now in its new updated and expanded edition, Dynamic Optimization is, more than ever, the optimum choice for graduate and advanced undergraduate courses in economics, mathematical methods in economics and dynamic optimization, management science, mathematics and engineering.
New features of Dynamic Optimization will show students:advances in how to do comparative dynamics; how to optimally switch from one state equation to another during the planning period; how to take into account the history of the system governing an optimization problem through the use of an integral state equation; and how to apply differential games to problems in economics and management sciences.
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World of Books Inc
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