OPTCON2

Viktoria Blüschke-Nikolaeva

ISBN 10: 3838136365 / ISBN 13: 9783838136363

Published by Südwestdeutscher Verlag Für Hochschulschriften AG Co. KG Jul 2015, 2015

About this Item

Neuware -This book considers the OPTCON2 algorithm which delivers numerical solutions to optimum control problems with a quadratic objective function for nonlinear dynamic econometric models with additive and multiplicative (parameter) uncertainties. The algorithm was programmed in C# and allows for deterministic and stochastic control, the latter with open-loop and passive learning (open-loop feedback) information patterns. The applicability of the algorithm is demonstrated by experiments with two existing models, MacRae and Abel, as well as two new macroeconomic models, SLOVNL and SLOVL, which were developed for the purposes of this research. These illustrate the convergence and the practical usefulness of the algorithm and (in most cases) the superiority of open-loop feedback over open-loop controls.Books on Demand GmbH, Überseering 33, 22297 Hamburg 72 pp. Englisch.

Seller Inventory # 9783838136363

Bibliographic Details

• Title: OPTCON2
• Publisher: Südwestdeutscher Verlag Für Hochschulschriften AG Co. KG Jul 2015
• Publication Date: 2015
• Language: English
• ISBN 10: 3838136365
• ISBN 13: 9783838136363
• Binding: Taschenbuch
• Condition: Neu
• Dimensions: 220W x 150H x 5D millimeters 220 millimeters width by 150 millimeters height by 5 millimeters depth
• Weight: 125 grams

About this title

Synopsis

This book considers the OPTCON2 algorithm which delivers numerical solutions to optimum control problems with a quadratic objective function for nonlinear dynamic econometric models with additive and multiplicative (parameter) uncertainties. The algorithm was programmed in C# and allows for deterministic and stochastic control, the latter with open-loop and passive learning (open-loop feedback) information patterns. The applicability of the algorithm is demonstrated by experiments with two existing models, MacRae and Abel, as well as two new macroeconomic models, SLOVNL and SLOVL, which were developed for the purposes of this research. These illustrate the convergence and the practical usefulness of the algorithm and (in most cases) the superiority of open-loop feedback over open-loop controls.

About the Author

Study in Business Mathematics at the University of Bielefeld; Ph.D. in Economics at Klagenfurt University. Research assistant at Klagenfurt University, Department of Economics.