This volume presents some of the most important mathematical tools for studying economic models. It contains basic topics concerning linear differential equations and linear discrete-time systems; a sketch of the general theory of nonlinear systems and the stability of equilibria; an introduction to numerical methods for differential equations, and some applications to the solution of nonlinear equations and static optimization. The second part of the book discusses stabilization problems, including optimal stabilization, linear-quadratic optimization and other problems of dynamic optimization, including a proof of the Maximum Principle for general optimal control problems. All these mathematical subjects are illustrated with detailed discussions of economic models. Audience: This text is recommended as auxiliary material for undergraduate and graduate level MBA students, while at the same time it can also be used as a reference by specialists.

Differential Equations, Discrete Systems and Control: Economic Models (Mathematical Modelling: Theory and Applications, 3)

Business & Money

Halanay, A.

Samuel, J.

Economics

Springer

This volume presents some of the most important mathematical tools for studying economic models. It contains basic topics concerning linear differential equations and linear discrete-time systems; a sketch of the general theory of nonlinear systems and the stability of equilibria; an introduction to numerical methods for differential equations, and some applications to the solution of nonlinear equations and static optimization. The second part of the book discusses stabilization problems, including optimal stabilization, linear-quadratic optimization and other problems of dynamic optimization, including a proof of the Maximum Principle for general optimal control problems. All these mathematical subjects are illustrated with detailed discussions of economic models. Audience: This text is recommended as auxiliary material for undergraduate and graduate level MBA students, while at the same time it can also be used as a reference by specialists.

Differential Equations, Discrete Systems and Control: Economic Models (Mathematical Modelling: Theory and Applications)

See the best price to sell, buy, or rent books by Halanay, A.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Halanay, A.

See the best price to sell, buy, or rent books by Halanay, A.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Differential Equations, Discrete Systems and Control: Economic Models (Mathematical Modelling: Theory and Applications, 3)

Differential Equations, Discrete Systems and Control: Economic Models (Mathematical Modelling: Theory and Applications)