|
libcats.org
Optimal Control Models in Finance: A New Computational ApproachChen P., Islam S.M.N.The determination of optimal financing and investment strategies (optimal capital structure or optimal mix of funds, optimal portfolio choice, etc.) for corporations and the economy are important for efficient allocation of resources in the economy. Optimal control methods have useful applications to these areas in finance - some optimization problems in finance include optimal control, involving a dynamic system with switching times in the form of bang-bang control. Optimal control models for corporate finance and the economy are presented in this book and the analytical and computational results of these models are also reported. Such computational approaches to the study of optimal corporate financing are not well known in the existing literature. This book develops a new computational method where switching times are considered as variables in the optimal dynamic financial model represented by a second order differential equation. A new computer program named CSTVA (Computer Program for the Switching Time Variables Algorithm), which can compute bang-bang optimal financial models with switching time, is also developed. Optimal financing implications of the model results in the form of optimal switching times for changes in financing policies and the optimal financial policies are analyzed.
Скачать книгу бесплатно (pdf, 5.04 Mb)
Читать «Optimal Control Models in Finance: A New Computational Approach» EPUB | FB2 | MOBI | TXT | RTF
* Конвертация файла может нарушить форматирование оригинала. По-возможности скачивайте файл в оригинальном формате.
Популярные книги за неделю:
![]() Основы естественной энергетикиАвтор: Андреев Е.И.Категория: Физика физические науки
Размер книги: 3.28 Mb
![]() Тестирование Дот Ком, или Пособие по жестокому обращению с багами в интернет-стартапахАвтор: Роман Савин
Размер книги: 5.26 Mb
![]() Опционы, фьючерсы и другие производные финансовые инструментыАвтор: Халл Дж.К.(Hull J.C.)Категория: F_Finance, FD_Derivatives
Размер книги: 24.41 Mb
![]() Каталог почтовых марок 1857-1991. Россия, РСФСР, СССРАвтор: В.Б. ЗагорскийКатегория: КНИГИ ХОББИ и РАЗВЛЕЧЕНИЯ
Размер книги: 139.85 Mb
![]() Русский язык: Учебник. Книга 2. Средний этап обучения (Russian Language for Beginners: Book 2)Автор: Yu. G. Ovsienko
Размер книги: 7.37 Mb
Только что пользователи скачали эти книги:
![]() Ginger and Ganesh: Adventures in Indian Cooking, Culture, and LoveАвтор: Nani Power
Размер книги: 350 Kb
|
|