Optimal Control Theory: Applications to Management Science and Economics

by Suresh P. Sethi

This new 4th edition offers an introduction to optimal control theory and its diverse applications in management science and economics. It introduces students to the concept of the maximum principle in continuous (as well as discrete) time by combining dynamic programming and Kuhn-Tucker theory. While some mathematical background is needed, the emphasis of the book is not on mathematical rigor, but on modeling realistic situations encountered in...

• Format: Hardcover
• Language: English
• ISBN: 3030917444
• ISBN13: 9783030917449
• Release Date: January 2022
• Publisher: Springer
• Length: 506 Pages
• Weight: 2.03 lbs.
• Dimensions: 1.2" x 6.1" x 9.2"