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.

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Optimal Control and Dynamic Games has been edited to honor the outstanding contributions of Professor Suresh Sethi in the fields of Applied Optimal Control.

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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A collection of essays by well known scientists in the field, covering aspects of applications of optimal control and dynamic games to problems in Finance, Management Science, Economics, and Operations Research A reference work covering a variety of contemporary questions that can be addressed with optimal control tools and demonstrating the fruitfulness of the methodology Includes supplementary material: sn.pub/extras
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Product details

ISBN
9781441938398
Published
2011-01-05
Publisher
Springer-Verlag New York Inc.; Springer-Verlag New York Inc.
Height
240 mm
Width
160 mm
Age
Research, P, 06
Language
Product language
Engelsk
Format
Product format
Heftet

Biographical note

Prof. Christophe Deissenberg
GREQAM, UMR CNRS 6579
Université de la Méditerranée
Château 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