Dynamic Optimization, Second Edition: The Calculus of Variations and Optimal Control in Economics and Management (Dover Books on Mathematics)
| Author | : | |
| Rating | : | 4.84 (938 Votes) |
| Asin | : | 048648856X |
| Format Type | : | paperback |
| Number of Pages | : | 400 Pages |
| Publish Date | : | 2015-07-24 |
| Language | : | English |
DESCRIPTION:
Kamien (1938–2011) helped to build Northwestern University's Kellogg School of Business, where he served as Associate Dean for Academic Affairs and directed the Heizer Center for Entrepreneurial Studies for nearly 20 years.. About the AuthorMorton I
Concise and well written Yang Wang This is the best text for dynamic optimization theory in economics that I have used. Explanations are concise and examples are well thought out. Consider this as a supplement to any macro text or a standalone text for a dynamic optimization theory class. Does not really go into numerical solutions/programming.. Traditional arguments of mathematics by a modern view. THe authors tals about the usual questions of the calculus of variations. Particularly this approach follows the Euler equation, the horizon in game theory and also similar facts. After we can read the part of the optimal control, where the explications are sufficiently adapt to allow to the student of obtaining a standard level. The two appendix are related to the calcule applications, using the consuete procedures, whom we must consider in those cases. The lecture of this book is sufficiently complex, but surely this way of studying is interesting.. but difficult to read because poor text in the It is a very complete text, but difficult to read because poor text in the equations
Kamien (1938–2011) helped to build Northwestern University's Kellogg School of Business, where he served as Associate Dean for Academic Affairs and directed the Heizer Center for Entrepreneurial Studies for nearly 20 years.. Morton I
Geared toward management science and economics PhD students in dynamic optimization courses as well as economics professionals, this volume requires a familiarity with microeconomics and nonlinear programming. The two-part treatment covers closely related approaches to the calculus of variations and optimal control. Extensive appendices provide introductions to calculus optimization and differential equations.. An excellent financial research tool, this classic focuses on the methods of solving continuous time problems. In the two decades since its initial publication, the text has defined dynamic optimization for courses in economics and management science.Simply, clearly, and succinctly written chapters introduce new developments, expound upon underlying theories, and cite examples. Exercises extend the development of theories, provide working examples, and indicate further uses of the methods