文档介绍：OPTIMIZATION IN ECONOMICS AND FINANCE
Dynamic Modeling and Econometrics in Economics
and Finance
VOLUME 7
Series Editors
Stefan Mittnik, University of Kiel, Germany
Willi Semmler, University of Bielefeld, Germany and
New School for Social Research, .
The titles published in this series are listed at the end of this volume.
Optimization in Economics
and Finance
Some Advances in Non-Linear, Dynamic,
Multi-Criteria and Stochastic Models
by
BRUCE D. CRAVEN
University of Melbourne, VIC, Australia
and
SARDAR M. N. ISLAM
Victoria University, Melbourne, VIC, Australia
A . Catalogue record for this book is available from the Library of Congress.
ISBN 0-387-24279-1 (HB)
ISBN 0-387-24280-5 (e-book)
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v
Table ofContents
Preface ix
Acknowledgements and Sources of Materials xi
Chapter One: Introduction :
Optimal Models for Economics and Finance 1
Introduction 1
Welfare economics and social choice: modelling and applications 2
The objectives of this book 5
An example of an optimal control model 6
The structure of the book 7
Chapter Two: Mathematics of Optimal Control 9
Optimization and optimal control models 9