Introductory Optimization Dynamics: Optimal Control with Economics and Management Applications

By Pierre N.V. Tu

This book presents the Calculus of Variations and OptimalControl Theory illustrating the analysis with examples fromEconomics and Management Science. Topics are treated in thesimplest possible way. Students are takenfrom scratch to afairly good mastery of these dynamic optimisation tools forthe purpose of reading the literature and doing researchrequiring these tools.The most important features of the book are the simplicityand thoroughness of presentation. Students working at thebook systematically will acquire a fairly good knowledge ofthe field and, knowing how results have been derived, theywould be in a position to apply, modify and even extendthese standard results to the problems under investigation.The new edition has two new chapters, Chapter 11 onDifferential Games, which would be useful for studentsworking in Industrial Organisation, and Chapter 12 onStability of Optimal Control, which contains new results.

• Format: Paperback
• Language: English
• ISBN: 3540544623
• ISBN13: 9783540544623
• Release Date: December 1991
• Publisher: Springer
• Length: 474 Pages
• Weight: 1.76 lbs.