Description: Optimal Control Theory With Economic Applications, Hardcover by Seierstad, Atle, ISBN 0444879234, ISBN-13 9780444879233, Like New Used, Free P&P in the UK This book serves not only as an introduction, but also as an advanced text and reference source in the field of deterministic optimal control systems governed by ordinary differential equations. It also includes an introduction to the classical calculus of variations. An important feature of th is the inclusion of a large number of examples, in which the theory is applied to a wide variety of economics problems. The presentation of simple models helps illuminate pertinent qualitative and analytic points, useful when confronted with a more complex reality. These models cover: economic growth in both open and closed economies, exploitation of (non-) renewable resources, pollution control, behaviour of firms, and differential games. A great emphasis on precision pervades th, setting it apart from the bulk of literature in this area. The rigorous techniques presented should help the reader avoid errors which often recur in the application of control theory within economics.
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Book Title: Optimal Control Theory With Economic Applications
Publisher: Elsevier Science & Technology
Publication Year: 1987
Subject: Economics, Mathematics
Number of Pages: 462 Pages
Language: English
Publication Name: Optimal Control Theory with Economic Applications: Volume 24
Item Weight: 860 g
Type: Textbook
Author: A. Seierstad, K. Sydsaeter
Series: Advanced Textbooks in Economics
Format: Hardcover
