Optimal Control Theory Applications to Management Science and Economics /

• Main Author: Sethi, Suresh P. (Author, http://id.loc.gov/vocabulary/relators/aut)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Cham : Springer International Publishing : Imprint: Springer, 2019.
• Edition: 3rd ed. 2019.
• Subjects: Operations research.; Decision making.; System theory.; Industrial engineering.; Production engineering.; Operations Research/Decision Theory.; Systems Theory, Control.; Industrial and Production Engineering.

This fully revised 3rd edition offers an introduction to optimal control theory and its diverse applications in management and economics. It brings to students the concept of the maximum principle in continuous and discrete time by using dynamic programming and Kuhn-Tucker theory. While some mathema...

Table of Contents:

• Chapter 1. What is Optimal Control Theory?- Chapter 2. The Maximum Principle: Continuous Time
• Chapter 3. The Maximum Principle: Mixed Inequality Constraints
• Chapter 4. The Maximum Principle: Pure State and Mixed Inequality Constraints
• Chapter 5. Applications to Finance
• Chapter 6. Applications to Production and Inventory
• Chapter 7. Applications to Marketing
• Chapter 8. The Maximum Principle: Discrete Time
• Chapter 9. Maintenance and Replacement
• Chapter 10. Applications to Natural Resources
• Chapter 11. Applications to Economics
• Chapter 12. Stochastic Optimal Control
• Chapter 13. Differential Games.