This report presents the optimal control approach to dynamic optimization. The presentation begins with a simple two-period problem and a level of analysis that should be familiar to anyone who has had an intermediate level course in price theory. The form of this problem is changed slightly to lead smoothly to the development of the Maximum Principle of optimal control for many discrete time periods. This discrete time example is presented in a way that shows clearly the meaning of the Maximum Prinicple in continuous time. An example closely related to the examples given for optimization in discrete time is used to introduce the fundamentals of optimal control in continuous time and the use of phase diagrams for describing important charac...
During the last four decades there has been a remarkable development in optimization and optimal con...
This entry illustrates the application of Bellman’s dynamic programming principle within the context...
This book covers the most recent developments in adaptive dynamic programming (ADP). The text begins...
This article delineates the principles for obtaining optimal control policies based on dynamic plant...
An extension of the use of the maximum principle to solve Discrete-time Optimal Control Problems (DT...
Dynamic optimization problems covers a great class of problems in management science and technology....
Dynamic optimization problems covers a great class of problems in management science and technology....
Dynamic optimization problems covers a great class of problems in management science and technology....
This volume provides an elementary introduction of the mathematical modelling in those areas of Dyna...
This volume provides an elementary introduction of the mathematical modelling in those areas of Dyna...
This volume provides an elementary introduction of the mathematical modelling in those areas of Dyna...
This book explores discrete-time dynamic optimization and provides a detailed introduction to both d...
Control theory can be roughly classified as deterministic or stochastic. Each of these can further b...
Optimal Control Theory deals with optimization problems involving a controlled dynamical system. A c...
Optimization is the unifying paradigm in almost all economic analysis. So before we start, let’s thi...
During the last four decades there has been a remarkable development in optimization and optimal con...
This entry illustrates the application of Bellman’s dynamic programming principle within the context...
This book covers the most recent developments in adaptive dynamic programming (ADP). The text begins...
This article delineates the principles for obtaining optimal control policies based on dynamic plant...
An extension of the use of the maximum principle to solve Discrete-time Optimal Control Problems (DT...
Dynamic optimization problems covers a great class of problems in management science and technology....
Dynamic optimization problems covers a great class of problems in management science and technology....
Dynamic optimization problems covers a great class of problems in management science and technology....
This volume provides an elementary introduction of the mathematical modelling in those areas of Dyna...
This volume provides an elementary introduction of the mathematical modelling in those areas of Dyna...
This volume provides an elementary introduction of the mathematical modelling in those areas of Dyna...
This book explores discrete-time dynamic optimization and provides a detailed introduction to both d...
Control theory can be roughly classified as deterministic or stochastic. Each of these can further b...
Optimal Control Theory deals with optimization problems involving a controlled dynamical system. A c...
Optimization is the unifying paradigm in almost all economic analysis. So before we start, let’s thi...
During the last four decades there has been a remarkable development in optimization and optimal con...
This entry illustrates the application of Bellman’s dynamic programming principle within the context...
This book covers the most recent developments in adaptive dynamic programming (ADP). The text begins...