Optimal Control Theory: Applications to Management Science and Economics
Language: English
Published by Springer-Verlag New York Inc., 2005
- Softcover
- Used
Seller: World of Books Inc, Montgomery, IL, U.S.A.World of Books Inc
AbeBooks seller since March 23, 2026
Condition: Used - Good
£ 79.09
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Optimal control methods are used to determine optimal ways to control a dynamic system. The theoretical work in this field serves as a foundation for the book, which the authors have applied to business management problems developed from their research and classroom instruction. Sethi and Thompson have provided management science and economics communities with a thoroughly revised edition of their classic text on Optimal Control Theory. The new edition has been completely refined with careful attention to the text and graphic material presentation. Chapters cover a range of topics including finance, production and inventory problems, marketing problems, machine maintenance and replacement, problems of optimal consumption of natural resources, and applications of control theory to economics. The book contains new results that were not available when the first edition was published, as well as an expansion of the material on stochastic optimal control theory.
Seller Inventory # CIN0387280928G
- Title
- Optimal Control Theory: Applications to Management Science and Economics
- Author
- Suresh P Sethi
- Publisher
- Springer-Verlag New York Inc.
- Publication year
- 2005
- Condition
- Good
- Binding
- Paperback
- Language
- English
- ISBN 10
- 0387280928
- ISBN 13
- 9780387280929
- Edition
- 2nd Edition
Optimal control methods are used to determine optimal ways to control a dynamic system. The theoretical work in this field serves as a foundation for the book, which the authors have applied to business management problems developed from their research and classroom instruction.
Sethi and Thompson have provided management science and economics communities with a thoroughly revised edition of their classic text on Optimal Control Theory. The new edition has been completely refined with careful attention to the text and graphic material presentation. Chapters cover a range of topics including finance, production and inventory problems, marketing problems, machine maintenance and replacement, problems of optimal consumption of natural resources, and applications of control theory to economics. The book contains new results that were not available when the first edition was published, as well as an expansion of the material on stochastic optimal control theory.
"Synopsis" may belong to another edition of this title.
Review
This is a very good textbook for subjects on optimal controls with management science applications. I have adopted this as a textbook and the students love it. Illustrative figures and diagrams are sufficiently provided, and materials are carefully explained. The use of the commonly available Excel program to solve TPBVPs at the end of chapter 2 is suitable for the ever increasing demand of "multimedia teaching". I have not seen any other optimal control textbook include such a set of Excel instructions in such a simple and elegant way. Moreover, the authors made a set of chapter-by-chapter Power Point files available on the web to supplement the textbook for classroom teaching. I'd give 5 stars to this book anytime.'
Joseph Lee, Hong Kong Polytechnic University
"About the title" may belong to another edition of this title.
World of Books Inc
Montgomery, IL, U.S.A.
AbeBooks seller since March 23, 2026
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