5 edition of **Optimal control theory with applications in economics** found in the catalog.

Optimal control theory with applications in economics

Thomas A. Weber

- 261 Want to read
- 21 Currently reading

Published
**2011**
by MIT Press in Cambridge, Mass
.

Written in English

- Control theory,
- Mathematical models,
- Mathematical optimization,
- Economics,
- Game theory

**Edition Notes**

Includes bibliographical references and index.

Statement | Thomas A. Weber ; foreword by A.V. Kryazhimskiy |

Classifications | |
---|---|

LC Classifications | HB135 .W433 2011 |

The Physical Object | |

Pagination | xii, 360 p. : |

Number of Pages | 360 |

ID Numbers | |

Open Library | OL25130605M |

ISBN 10 | 0262015730 |

ISBN 10 | 9780262015738 |

LC Control Number | 2010046482 |

OCLC/WorldCa | 681535199 |

Full text of "Optimal control theory: applications to management science and economics" See other formats. the pioneer book by J.-L. Lions [24] published in many papers have been devoted to both its theoretical aspects and its practical applications. The present article belongs to the latter set: we review some work related to real-life applications of optimal control theory to some engineering and environmental problems that haveCited by: 5.

The concept of a system as an entity in its own right has emergedwith increasing force in the past few decades in, for example, theareas of electrical and control engineering, economics, ecology,urban structures, automaton theory, operational research andindustry. The more definite concept of a large-scale system isimplicit in these applications, but is particularly evident infields such as. This chapter introduces the notion of a controllable system, which is a system that can be moved using available controls from one state to another. The chapter is organized as follows. Section provides a characterization of controllability for linear systems, both with bounded and unbounded sets of feasible controls. Section discusses the simplest version of an optimal control problem.

Optimal control theory is a branch of applied mathematics that deals with finding a control law for a dynamical system over a period of time such that an objective function is optimized. It has numerous applications in both science and engineering. For example, the dynamical system might be a spacecraft with controls corresponding to rocket thrusters, and the objective might be to reach the. A rigorous introduction to optimal control theory, with an emphasis on applications in economics. This book bridges optimal control theory and economics, discussing ordinary differential equations, optimal control, game theory, and mechanism design in one volume. Technically rigorous and largely self-contained, it provides an introduction to Price: $

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The book exploits optimal control theory to the functional areas of management including finance, production and marketing and to economics of growth and of natural resources. In addition, this new edition features materials on stochastic Nash and Stackelberg differential games and an adverse selection model in the principal-agent by: A rigorous introduction to optimal control theory, with an emphasis on applications in economics.

This book bridges optimal control theory and economics, discussing ordinary differential equations, optimal control, game theory, and mechanism design in one volume. Technically rigorous and largely self-contained, it provides an introduction to the use of optimal control theory for deterministic.

A rigorous introduction to optimal control theory, with an emphasis on applications in economics. This book bridges optimal control theory and economics, discussing ordinary differential equations, optimal control, game theory, and mechanism design in one volume.

Technically rigorous and largely self-contained, it provides an introduction to Cited by: The book exploits optimal control theory to the functional areas of management including finance, production and marketing and to economics of growth and of natural resources. In addition, this new edition features materials on stochastic Nash and Stackelberg differential games and an adverse selection model in the principal-agent : Springer International Publishing.

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.

Purchase Optimal Control Theory with Economic Applications, Volume 24 - 1st Edition. Print Book & E-Book. ISBNBook Edition: 1. Since the discovery, by L. Pontryagin, of the necessary optimality conditions for the control of dynamic systems in the s, mathematical control theory has found numerous applications in engineering and in the social sciences.

Weber has dedicated his book to. This fully revised 3rd edition offers an introduction to optimal control theory and its diverse applications in management science and economics. It brings to students the concept of the maximum principle in continuous, as well as discrete, time by using dynamic programming and Kuhn-Tucker theory.

This book bridges optimal control theory and economics, discussing ordinary differential equations (ODEs), optimal control, game theory, and mechanism design in one volume. Technically rigorous and largely self-contained, it provides an introduction to the use of optimal control theory for deterministic continuous-time systems in economics.

The theory of ordinary differential equations is the. February 27 - March 1,the conference Optimal Control: The ory, Algorithms, and Applications took place at the University of Florida, hosted by the Center for Applied Optimization. The conference brought together researchers from universities, industry, and government laborato ries in the.

Chapters cover a range of topics including finance, production and inventory problems, marketing problems, machine maintenance and replacement, problems of optimal consumption of natural resources, and applications of control theory to economics.

The book contains new results that were not available when the first edition was published, as well. Find many great new & used options and get the best deals for Optimal Control Theory: Applications to Management Science and Economics by Gerald L. Thompson and Suresh P. Sethi (, Paperback, Revised) at the best online prices at eBay.

Free shipping for many products. Get this from a library. Optimal control theory with applications in economics. [Thomas A Weber] -- This book bridges optimal control theory and economics, discussing ordinary differential equations, optimal control, game theory, and mechanism design in one volume.

Technically rigorous and largely. Optimal Control Theory Version By Lawrence C. Evans Department of Mathematics As we will see later in §, an optimal control The next example is from Chapter 2 of the book Caste and Ecology in Social Insects, by G. Oster and E. Wilson [O-W]. We attempt to model how socialFile Size: KB.

Download Citation | Optimal Control Theory with Applications in Economics | This book bridges optimal control theory and economics, discussing ordinary differential equations, optimal control. 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 the book is the inclusion of a large number of examples, in which the theory is applied to a wide. : Optimal Control Theory: Applications to Management Science and Economics () by Sethi, Suresh P.; Thompson, Gerald L.

and a great selection of similar New, Used and Collectible Books available now at great prices/5(2). This book bridges optimal control theory and economics, discussing ordinary differential equations, optimal control, game theory, and mechanism design in one volume.

Technically rigorous and largely self-contained, it provides an introduction to the use of optimal control theory for deterministic continuous-time systems in economics.

Assume you have a dynamical system such as a rocket, a car, an oven, or a chemical plant, which can e described by (partial or ordinary) differential equations. These systems generally have three types of variables: input variables, which allow ex. This fully revised 3rd edition offers an introduction to optimal control theory and its diverse applications in management science and economics.

It brings to students the concept of the maximum principle in continuous, as well as discrete, time by using dynamic programming and Kuhn-Tucker : Suresh P. Sethi. This book bridges optimal control theory and economics, discussing ordinary differential equations, optimal control, game theory, and mechanism design in one volume.

Technically rigorous and largely self-contained, it provides an introduction to the use of optimal control theory for deterministic continuous-time systems in economics. The theory of ordinary differential equations (ODEs) is the.Optimal control theory with economic applications.

[Atle Seierstad; Knut Sydsæter] -- 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.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 Author: Suresh Sethi.