This book reports initial efforts in providing some useful extensions in – nancial modeling; further work is necessary to complete the research agenda. The demonstrated extensions in this book in the computation and modeling of optimal control in finance have shown the need and potential for further areas of study in financial modeling. Potentials are in both the mathematical structure and computational aspects of dynamic optimization. There are needs for more organized and coordinated computational approaches. These ext- sions will make dynamic financial optimization models relatively more stable for applications to academic and practical exercises in the areas of financial optimization, forecasting, planning and optimal social choice. This book will be useful to graduate students and academics in finance, mathematical economics, operations research and computer science. Prof- sional practitioners in the above areas will find the book interesting and inf- mative. The authors thank Professor B.D. Craven for providing extensive guidance and assistance in undertaking this research. This work owes significantly to him, which will be evident throughout the whole book. The differential eq- tion solver “nqq” used in this book was first developed by Professor Craven. Editorial assistance provided by Matthew Clarke, Margarita Kumnick and Tom Lun is also highly appreciated. Ping Chen also wants to thank her parents for their constant support and love during the past four years.
Table of ContentOptimal Control Models in Finance.- The STV Approach to Financial Optimal Control Models.- A Financial Oscillator Model.- An Optimal Corporate Financing Model.- Further Computational Experiments and Results.- Conclusion.
Language English ● Format PDF ● Pages 201 ● ISBN 9780387235707 ● File size 7.3 MB ● Age 02-99 years ● Publisher Springer US ● City NY ● Country US ● Published 2006 ● Downloadable 24 months ● Currency EUR ● ID 2143973 ● Copy protection Adobe DRM
Requires a DRM capable ebook reader
More ebooks from the same author(s) / Editor
1643 Ebooks in this category
Vanessa Grabelt: Renormalization of the regularized relativistic electron-positron field
Bachelor Thesis from the year 2011 in the subject Mathematics – Miscellaneous, grade: 1, 0, Technical University of Munich, language: English, abstract: This thesis is motivated by questions arising …
Valentyna: Learn easy foreign languages by yourself. Short guide with simple tips for your successful learning
This is a book about how to learn foreign languages in the easiest and most enjoyable way and this book was created to give the most important tips on how to make the learning process more successful …
Fouad Bennis & Rajib Kumar Bhattacharjya: Nature-Inspired Methods for Metaheuristics Optimization
This book gathers together a set of chapters covering recent development in optimization methods that are inspired by nature. The first group of chapters describes in detail different meta-heuristi …
Ana Teixeira de Melo: Performing Complexity: Building Foundations for the Practice of Complex Thinking
In the face of growing challenges, we need modes of thinking that allow us to not only grasp complexity but also perform it. In this book, the author approaches complexity from the standpoint of a …