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Optimal Control Models in Finance
Chen, Ping; Islam, Sardar M. N.
€ 131.87
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Description for Optimal Control Models in Finance
Hardback. The determination of optimal financing and investment strategies for corporations and the economy is important for efficient allocation of resources in the economy. This book presents optimal control models for corporate finance and the economy, and reports the analytical and computational results of these models. Series: Applied Optimization. Num Pages: 219 pages, biography. BIC Classification: KFF. Category: (P) Professional & Vocational. Dimension: 234 x 156 x 14. Weight in Grams: 1080.
This book reports initial efforts in providing some useful extensions in - nancial modeling; further work is necessary to complete the research agenda. The demonstrated extensions in this book in the computation and modeling of optimal control in finance have shown the need and potential for further areas of study in financial modeling. Potentials are in both the mathematical structure and computational aspects of dynamic optimization. There are needs for more organized and coordinated computational approaches. These ext- sions will make dynamic financial optimization models relatively more stable for applications to academic and practical exercises in the areas of financial ... Read more
This book reports initial efforts in providing some useful extensions in - nancial modeling; further work is necessary to complete the research agenda. The demonstrated extensions in this book in the computation and modeling of optimal control in finance have shown the need and potential for further areas of study in financial modeling. Potentials are in both the mathematical structure and computational aspects of dynamic optimization. There are needs for more organized and coordinated computational approaches. These ext- sions will make dynamic financial optimization models relatively more stable for applications to academic and practical exercises in the areas of financial ... Read more
Product Details
Format
Hardback
Publication date
2004
Publisher
Springer-Verlag New York Inc. United States
Number of pages
219
Condition
New
Series
Applied Optimization
Number of Pages
201
Place of Publication
New York, NY, United States
ISBN
9780387235691
SKU
V9780387235691
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
Reviews for Optimal Control Models in Finance
"This book by Ping Chen and Sardar M. N. Islam discusses the issue of the determination of optimal capital structure for corporations and the economy. They have developed an optimal control model for optimal financing involving a dynamic system with switching times. A new computational method and a new computer program named CSTVA are developed and optimal financing implications of ... Read more