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Author by: Alpha C. Chiang Language: en Publisher by: Waveland Press Format Available: PDF, ePub, Mobi Total Read: 98 Total Download: 366 File Size: 51,7 Mb Description: In this text, Dr. Chiang introduces students to the most important methods of dynamic optimization used in economics.
The classical calculus of variations, optimal control theory, and dynamic programming in its discrete form are explained in the usual Chiang fashion, with patience and thoroughness. The economic examples, selected from both classical and recent literature, serve not only to illustrate applications of the mathematical methods, but also to provide a useful glimpse of the development of thinking in several areas of economics. Author by: Art Lew Language: fa Publisher by: Springer Science & Business Media Format Available: PDF, ePub, Mobi Total Read: 10 Total Download: 840 File Size: 40,9 Mb Description: This book provides a practical introduction to computationally solving discrete optimization problems using dynamic programming. From the examples presented, readers should more easily be able to formulate dynamic programming solutions to their own problems of interest. We also provide and describe the design, implementation, and use of a software tool that has been used to numerically solve all of the problems presented earlier in the book.