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Stochastic Optimization and Economic Models
Jati K. Sengupta
€ 197.44
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Description for Stochastic Optimization and Economic Models
Paperback. Series: Theory and Decision Library B. Num Pages: 373 pages, biography. BIC Classification: PBT. Category: (P) Professional & Vocational. Dimension: 229 x 152 x 20. Weight in Grams: 890.
This book presents the main applied aspects of stochas tic optimization in economic models. Stochastic processes and control theory are used under optimization to illustrate the various economic implications of optimal decision rules. Unlike econometrics which deals with estimation, this book emphasizes the decision-theoretic basis of uncertainty specified by the stochastic point of view. Methods of ap plied stochastic control using stochastic processes have now reached an exciti~g phase, where several disciplines like systems engineering, operations research and natural reso- ces interact along with the conventional fields such as mathematical economics, finance and control systems. Our objective is to present ... Read more
This book presents the main applied aspects of stochas tic optimization in economic models. Stochastic processes and control theory are used under optimization to illustrate the various economic implications of optimal decision rules. Unlike econometrics which deals with estimation, this book emphasizes the decision-theoretic basis of uncertainty specified by the stochastic point of view. Methods of ap plied stochastic control using stochastic processes have now reached an exciti~g phase, where several disciplines like systems engineering, operations research and natural reso- ces interact along with the conventional fields such as mathematical economics, finance and control systems. Our objective is to present ... Read more
Product Details
Format
Paperback
Publication date
2010
Publisher
Springer Netherlands
Number of pages
373
Condition
New
Series
Theory and Decision Library B
Number of Pages
373
Place of Publication
Dordrecht, Netherlands
ISBN
9789048184262
SKU
V9789048184262
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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