Numerical Analysis Free Boundary Singular by Hindy Ayman (5 results)

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Paperback. Condition: New. Print on Demand. This book investigates a free-boundary control problem that has applications in the financial world, specifically when it comes to consumption and investment allocation problems. The authors propose a numerical scheme for solving this problem, which is used to analyze the consumption and abstinence regions of consumers over their lifetimes. It is well-suited for those with a background in dynamic programming. The book is unique in its application of a differential inequality with gradient constraints to solving the Bellman equation associated with the dynamic programming formulation. This has not been done before in this context and is the basis for all of the analysis in this book. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.

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Condition: New. Print on Demand pp. 48.