Optimal Control Theory with Applications in Economics

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Publisher : MIT Press
ISBN 13 : 0262015730
Total Pages : 387 pages
Book Rating : 4.2/5 (62 download)

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Book Synopsis Optimal Control Theory with Applications in Economics by : Thomas A. Weber

Download or read book Optimal Control Theory with Applications in Economics written by Thomas A. Weber and published by MIT Press. This book was released on 2011-09-30 with total page 387 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 continuous-time systems in economics. The theory of ordinary differential equations (ODEs) is the backbone of the theory developed in the book, and chapter 2 offers a detailed review of basic concepts in the theory of ODEs, including the solution of systems of linear ODEs, state-space analysis, potential functions, and stability analysis. Following this, the book covers the main results of optimal control theory, in particular necessary and sufficient optimality conditions; game theory, with an emphasis on differential games; and the application of control-theoretic concepts to the design of economic mechanisms. Appendixes provide a mathematical review and full solutions to all end-of-chapter problems. The material is presented at three levels: single-person decision making; games, in which a group of decision makers interact strategically; and mechanism design, which is concerned with a designer's creation of an environment in which players interact to maximize the designer's objective. The book focuses on applications; the problems are an integral part of the text. It is intended for use as a textbook or reference for graduate students, teachers, and researchers interested in applications of control theory beyond its classical use in economic growth. The book will also appeal to readers interested in a modeling approach to certain practical problems involving dynamic continuous-time models.

Cybernetics And Systems '90 - Proceedings Of The Tenth European Meeting On Cybernetics And Systems Research

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Publisher : World Scientific
ISBN 13 : 981461162X
Total Pages : 1130 pages
Book Rating : 4.8/5 (146 download)

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Book Synopsis Cybernetics And Systems '90 - Proceedings Of The Tenth European Meeting On Cybernetics And Systems Research by : Robert Trappl

Download or read book Cybernetics And Systems '90 - Proceedings Of The Tenth European Meeting On Cybernetics And Systems Research written by Robert Trappl and published by World Scientific. This book was released on 1990-03-01 with total page 1130 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contents:How Many "Demons" Do We Need? Endophysical Self-Creation of Material Structures and the Exophysical Mystery of Universal Libraries (G Kampis & O E Rössler)Some Implications of Re-Interpretation of the Turing Test for Cognitive Science and Artificial Intelligence (G Werner)Why Economic Forecasts will be Overtaken by the Facts (J D M Kruisinga)Simulation Methods in Peace and Conflict Research (F Breitenecker et al)Software Development Paradigms: A Unifying Concept (G Chroust)Hybrid Hierarchies: A Love-Hate Relationship Between ISA and SUPERC (D Castelfranchi & D D'Aloisi)AI for Social Citizenship: Towards an Anthropocentric Technology (K S Gill)Organizational Cybernetics and Large Scale Social Reforms in the Context of Ongoing Developments (E Bekjarov & A Athanassov)China's Economic Reform and its Obstacles: Challenges to a Large-Scale Social Experiment (J Hu & X Sun)Comparing Conceptual Systems: A Strategy for Changing Values as well as Institutions (S A Umpleby)and others Readership: Researchers in the fields of cybernetics and systems, artificial intelligence, economics and mathematicians.

Government Reports Announcements & Index

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Publisher :
ISBN 13 :
Total Pages : 1362 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Government Reports Announcements & Index by :

Download or read book Government Reports Announcements & Index written by and published by . This book was released on 1987-10 with total page 1362 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Technology for Large Space Systems

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Publisher :
ISBN 13 :
Total Pages : 688 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Technology for Large Space Systems by :

Download or read book Technology for Large Space Systems written by and published by . This book was released on 1983 with total page 688 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Scientific and Technical Aerospace Reports

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Publisher :
ISBN 13 :
Total Pages : 568 pages
Book Rating : 4.:/5 (3 download)

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Download or read book Scientific and Technical Aerospace Reports written by and published by . This book was released on 1994 with total page 568 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Applied mechanics reviews

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Publisher :
ISBN 13 :
Total Pages : 400 pages
Book Rating : 4.3/5 (243 download)

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Download or read book Applied mechanics reviews written by and published by . This book was released on 1948 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Constrained Control and Estimation

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Publisher : Springer Science & Business Media
ISBN 13 : 184628063X
Total Pages : 415 pages
Book Rating : 4.8/5 (462 download)

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Book Synopsis Constrained Control and Estimation by : Graham Goodwin

Download or read book Constrained Control and Estimation written by Graham Goodwin and published by Springer Science & Business Media. This book was released on 2006-03-30 with total page 415 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent developments in constrained control and estimation have created a need for this comprehensive introduction to the underlying fundamental principles. These advances have significantly broadened the realm of application of constrained control. - Using the principal tools of prediction and optimisation, examples of how to deal with constraints are given, placing emphasis on model predictive control. - New results combine a number of methods in a unique way, enabling you to build on your background in estimation theory, linear control, stability theory and state-space methods. - Companion web site, continually updated by the authors. Easy to read and at the same time containing a high level of technical detail, this self-contained, new approach to methods for constrained control in design will give you a full understanding of the subject.

Air Force Research Resumés

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Publisher :
ISBN 13 :
Total Pages : 572 pages
Book Rating : 4.F/5 ( download)

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Download or read book Air Force Research Resumés written by and published by . This book was released on with total page 572 pages. Available in PDF, EPUB and Kindle. Book excerpt:

U.S. Government Research Reports

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Publisher :
ISBN 13 :
Total Pages : 1076 pages
Book Rating : 4.0/5 ( download)

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Download or read book U.S. Government Research Reports written by and published by . This book was released on 1964 with total page 1076 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Aeronautical Engineering

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Publisher :
ISBN 13 :
Total Pages : 580 pages
Book Rating : 4.F/5 ( download)

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Download or read book Aeronautical Engineering written by and published by . This book was released on 1971 with total page 580 pages. Available in PDF, EPUB and Kindle. Book excerpt: A selection of annotated references to unclassified reports and journal articles that were introduced into the NASA scientific and technical information system and announced in Scientific and technical aerospace reports (STAR) and International aerospace abstracts (IAA)

Smart Civil Structures

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Publisher : CRC Press
ISBN 13 : 1498743994
Total Pages : 714 pages
Book Rating : 4.4/5 (987 download)

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Book Synopsis Smart Civil Structures by : You-Lin Xu

Download or read book Smart Civil Structures written by You-Lin Xu and published by CRC Press. This book was released on 2017-04-11 with total page 714 pages. Available in PDF, EPUB and Kindle. Book excerpt: A smart civil structure integrates smart materials, sensors, actuators, signal processors, communication networks, power sources, diagonal strategies, control strategies, repair strategies, and life-cycle management strategies. It should function optimally and safely in its environment and maintain structural integrity during strong winds, severe earthquakes, and other extreme events. This book extends from the fundamentals to the state-of-the-art. It covers the elements of smart civil structures, their integration, and their functions. The elements consist of smart materials, sensors, control devices, signal processors, and communication networks. Integration refers to multi-scale modelling and model updating, multi-type sensor placement, control theory, and collective placement of control devices and sensors. And the functions include structural health monitoring, structural vibration control, structural self-repairing, and structural energy harvesting, with emphasis on their synthesis to form truly smart civil structures. It suits civil engineering students, professionals, and researchers with its blend of principles and practice.

Large Space Structures & Systems in the Space Station Era

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Publisher :
ISBN 13 :
Total Pages : 1042 pages
Book Rating : 4.F/5 ( download)

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Download or read book Large Space Structures & Systems in the Space Station Era written by and published by . This book was released on 1991 with total page 1042 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Control and Computers

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Publisher :
ISBN 13 :
Total Pages : 484 pages
Book Rating : 4.F/5 ( download)

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Download or read book Control and Computers written by and published by . This book was released on 1985 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt:

U.S. Government Research & Development Reports

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Publisher :
ISBN 13 :
Total Pages : 232 pages
Book Rating : 4.:/5 (31 download)

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Download or read book U.S. Government Research & Development Reports written by and published by . This book was released on 1970 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Optimal Control Theory

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Publisher : Springer Nature
ISBN 13 : 3030917452
Total Pages : 520 pages
Book Rating : 4.0/5 (39 download)

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Book Synopsis Optimal Control Theory by : Suresh P. Sethi

Download or read book Optimal Control Theory written by Suresh P. Sethi and published by Springer Nature. This book was released on 2022-01-03 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new 4th edition offers an introduction to optimal control theory and its diverse applications in management science and economics. It introduces students to the concept of the maximum principle in continuous (as well as discrete) time by combining dynamic programming and Kuhn-Tucker theory. While some mathematical background is needed, the emphasis of the book is not on mathematical rigor, but on modeling realistic situations encountered in business and economics. It applies optimal control theory to the functional areas of management including finance, production and marketing, as well as the economics of growth and of natural resources. In addition, it features material on stochastic Nash and Stackelberg differential games and an adverse selection model in the principal-agent framework. Exercises are included in each chapter, while the answers to selected exercises help deepen readers’ understanding of the material covered. Also included are appendices of supplementary material on the solution of differential equations, the calculus of variations and its ties to the maximum principle, and special topics including the Kalman filter, certainty equivalence, singular control, a global saddle point theorem, Sethi-Skiba points, and distributed parameter systems. Optimal control methods are used to determine optimal ways to control a dynamic system. The theoretical work in this field serves as the foundation for the book, in which the author applies it to business management problems developed from his own research and classroom instruction. The new edition has been refined and updated, making it a valuable resource for graduate courses on applied optimal control theory, but also for financial and industrial engineers, economists, and operational researchers interested in applying dynamic optimization in their fields.

Government reports annual index

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Publisher :
ISBN 13 :
Total Pages : 864 pages
Book Rating : 4.3/5 (129 download)

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Download or read book Government reports annual index written by and published by . This book was released on 199? with total page 864 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Large Space Structures & Systems in the Space Station Era

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Publisher :
ISBN 13 :
Total Pages : 368 pages
Book Rating : 4.:/5 (31 download)

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Download or read book Large Space Structures & Systems in the Space Station Era written by and published by . This book was released on 1993 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: