Optimization in Economics and Finance
Some Advances in Non-Linear, Dynamic, Multi-Criteria and Stochastic Models
(Sprache: Englisch)
Some recent developments in the mathematics of optimization, including the concepts of invexity and quasimax, have not yet been applied to models of economic growth, and to finance and investment. Their applications to these areas are shown in this book.
Leider schon ausverkauft
versandkostenfrei
Buch (Gebunden)
164.99 €
- Lastschrift, Kreditkarte, Paypal, Rechnung
- Kostenlose Rücksendung
- Ratenzahlung möglich
Produktdetails
Produktinformationen zu „Optimization in Economics and Finance “
Some recent developments in the mathematics of optimization, including the concepts of invexity and quasimax, have not yet been applied to models of economic growth, and to finance and investment. Their applications to these areas are shown in this book.
Klappentext zu „Optimization in Economics and Finance “
Some recent developments in the mathematics of optimization, including the concepts of invexity and quasimax, have not yet been applied to models of economic growth, and to finance and investment. Their applications to these areas are shown in this book.
Many optimization questions arise in economics and finance; an important example of this is the society's choice of the optimum state of the economy (the social choice problem). Optimization in Economics and Finance extends and improves the usual optimization techniques, in a form that may be adopted for modeling social choice problems. Problems discussed include: when is an optimum reached; when is it unique; relaxation of the conventional convex (or concave) assumptions on an economic model; associated mathematical concepts such as invex and quasimax; multiobjective optimal control models; and related computational methods and programs. These techniques are applied to economic growth models (including small stochastic perturbations), finance and financial investment models (and the interaction between financial and production variables), modeling sustainability over long time horizons, boundary (transversality) conditions, and models with several conflicting objectives. Although the applications are general and illustrative, the models in this book provide examples of possible models for a society's social choice for an allocation that maximizes welfare and utilization of resources. As well as using existing computer programs for optimization of models, a new computer program, named SCOM, is presented in this book for computing social choice models by optimal control.
Inhaltsverzeichnis zu „Optimization in Economics and Finance “
- Preface- Acknowledgements and Sources of Materials
- Introduction: Optimal Models for Economics and Finance
- Mathematics of Optimal Control
- Computing Optimal Control: The SCOM package
- Computing Optimal Growth and Development Models
- Modelling Financial Investment with Growth
- Modelling Sustainable Development
- Modelling and Computing a Stochastic Growth Model
- Optimization in Welfare Economics
- Transversality Conditions for Infinite Horizon Models
- Conclusions
- Bibliography
- Index
Autoren-Porträt von Bruce D. Craven, Sardar M. N. Islam
Dr. B. D. Craven was (until retirement) a Reader in Mathematics at University of Melbourne, Australia, where he taught Mathematics and various topics in Operations Research for over 35 years. He holds a D.Sc. degree from University of Melbourne. His research interests include continuous optimization, nonlinear and multiobjective optimization, and optimal control. and their applcations. He has published five books, including two on mathematical programming and optimal control, and many papers in international journals. He is a member of Australian Society for Operations Research and INFORMS.Prof. Sardar M N Islam is Professor of Welfare and Environmental Economics at Victoria University, Australia. He is also associated with the Financial Modelling Program, and the Law and Economics Program there. He has published 11 books and monographs and more than 150 technical papers in Economics (Mathematical Economics, Applied Welfare Economics, Optimal Growth), Corporate Governance, Mathematical Finance, Financial Econometrics and E-Commerce.
Bibliographische Angaben
- Autoren: Bruce D. Craven , Sardar M. N. Islam
- 1899, 161 Seiten, Maße: 16 x 24,1 cm, Gebunden, Englisch
- Verlag: Springer
- ISBN-10: 0387242791
- ISBN-13: 9780387242798
- Erscheinungsdatum: 31.12.1899
Sprache:
Englisch
Rezension zu „Optimization in Economics and Finance “
From the review:
Kommentar zu "Optimization in Economics and Finance"
Schreiben Sie einen Kommentar zu "Optimization in Economics and Finance".
Kommentar verfassen