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978-0-387-23570-7

Optimal Control Models in Finance

Publication Date: 2005

ISBN: 978-0-387-23570-7

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Optimal control models for corporate finance and the economy are presented in this book and the analytical and computational results of these models are also reported. Such computational approaches to the study of optimal corporate financing are not well known in the existing literature. This book develops a new computational method where switching times are considered as variables in the optimal dynamic financial model represented by a second order differential equation.


Subject: Mathematics and Statistics, algorithms, optimal control, optimization