Description The long awaited second edition of Dynamic Optimization is now available. Clear exposition and numerous worked examples
made the first edition the premier text on this subject. Now, the new edition is expanded and updated to include essential coverage of
current developments on differential games, especially as they apply to important economic questions; new developments in comparative
dynamics; and new material on optimal control with integral state equations.
The second edition of Dynamic Optimization
provides expert coverage on:- methods of calculus of variations - optimal control - continuous dynamic programming - stochastic optimal
control -differential games. The authors also include appendices on static optimization and on differential games.
Now in its new updated
and expanded edition, Dynamic Optimization is, more than ever, the optimum choice for graduate and advanced undergraduate
courses in economics, mathematical methods in economics and dynamic optimization, management science, mathematics and engineering.
New
features of Dynamic Optimization will show students:advances in how to do comparative dynamics; how to optimally switch
from one state equation to another during the planning period; how to take into account the history of the system governing an optimization
problem through the use of an integral state equation; and how to apply differential games to problems in economics and management sciences.
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