Optimization in Economics and Finance
Craven, Bruce D. (University Of Melbourne); Islam, Sardar M. N.
€ 127.73
FREE Delivery in Ireland
Description for Optimization in Economics and Finance
Paperback. Series: Dynamic Modeling and Econometrics in Economics and Finance. Num Pages: 172 pages, biography. BIC Classification: KCH; KFF. Category: (P) Professional & Vocational. Dimension: 234 x 156 x 9. Weight in Grams: 256.
Many optimization questions arise in economics and finance; an important example of this is the society's choice of the optimum state of the economy (the social choice problem). Optimization in Economics and Finance extends and improves the usual optimization techniques, in a form that may be adopted for modeling social choice problems. Problems discussed include: when is an optimum reached; when is it unique; relaxation of the conventional convex (or concave) assumptions on an economic model; associated mathematical concepts such as invex and quasimax; multiobjective optimal control models; and related computational methods and programs. These techniques are applied to economic ... Read more
Show LessProduct Details
Format
Paperback
Publication date
2010
Publisher
Springer-Verlag New York Inc. United States
Number of pages
172
Condition
New
Series
Dynamic Modeling and Econometrics in Economics and Finance
Number of Pages
161
Place of Publication
New York, NY, United States
ISBN
9781441937148
SKU
V9781441937148
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Craven, Bruce D. (University Of Melbourne); Islam, Sardar M. N.
Dr. B. D. Craven was (until retirement) a Reader in Mathematics at University of Melbourne, Australia, where he taught Mathematics and various topics in Operations Research for over 35 years. He holds a D.Sc. degree from University of Melbourne. His research interests include continuous optimization, nonlinear and multiobjective optimization, and optimal control. and their applcations. He has published five books, ... Read more
Reviews for Optimization in Economics and Finance
From the review: Craven and Islam have produced an excellent survey of recent applications of optimization to economics (especially growth theory) and finance. The exposition is clear, with good notation and a judicious mix of rigor and heuristic argument. As a bonus, they present a new SCOM program to compute solutions to social choice models. This book will ... Read more