000			03038nam a22004335i 4500
001			978-0-387-23570-7
003			DE-He213
005			20250710083929.0
007			cr nn 008mamaa
008			100301s2005 xxu| s |||| 0|eng d
020			_a9780387235707 _a99780387235707
024	7		_a10.1007/b101888 _2doi
082	0	4	_a515.64 _223
100	1		_aChen, Ping. _eauthor.
245	1	0	_aOptimal Control Models in Finance _h[recurso electrónico] : _bA New Computational Approach / _cby Ping Chen, Sardar M. N. Islam.
264		1	_aBoston, MA : _bSpringer US, _c2005.
300			_aXVIII, 201 p. _bonline resource.
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_arecurso en línea _bcr _2rdacarrier
347			_atext file _bPDF _2rda
490	1		_aApplied Optimization, _x1384-6485 ; _v95
505	0		_aOptimal Control Models in Finance -- The STV Approach to Financial Optimal Control Models -- A Financial Oscillator Model -- An Optimal Corporate Financing Model -- Further Computational Experiments and Results -- Conclusion.
520			_aThe 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.
650		0	_aMATHEMATICS.
650		0	_aMATHEMATICAL OPTIMIZATION.
650	1	4	_aMATHEMATICS.
650	2	4	_aCALCULUS OF VARIATIONS AND OPTIMAL CONTROL; OPTIMIZATION.
650	2	4	_aOPTIMIZATION.
700	1		_aIslam, Sardar M. N. _eauthor.
710	2		_aSpringerLink (Online service)
773	0		_tSpringer eBooks
776	0	8	_iPrinted edition: _z9780387235691
830		0	_aApplied Optimization, _x1384-6485 ; _v95
856	4	0	_uhttp://dx.doi.org/10.1007/b101888 _zVer el texto completo en las instalaciones del CICY
912			_aZDB-2-SMA
942			_2ddc _cER
999			_c56229 _d56229