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Control Systems and Mathematical Methods in Economics

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Control Systems and Mathematical Methods in Economics Synopsis

Since the days of Lev Pontryagin and his associates, the discipline of Optimal Control has enjoyed a tremendous upswing - not only in terms of its mathematical foundations, but also with regard to numerous fields of application, which have given rise to highly active research areas. Few scholars, however, have been able to make contributions to both the mathematical developments and the (socio-)economic applications; Vladimir Veliov is one of them. In the course of his scientific career, he has contributed highly influential research on mathematical aspects of Optimal Control Theory, as well as applications in Economics and Operations Research. One of the hallmarks of his research is its impressive breadth. This volume, published on the occasion of his 65th birthday, accurately reflects that diversity.         

The mathematical aspects covered include stability theory for difference inclusions, metric regularity, generalized duality theory, the Bolza problem from a functional analytic perspective, and fractional calculus. In turn, the book explores various applications of control theory, such as population dynamics, population economics, epidemiology, optimal growth theory, resource and energy economics, environmental management, and climate change. Further topics include optimal liquidity, dynamics of the firm, and wealth inequality.

About This Edition

ISBN: 9783319751689
Publication date:
Author: Gustav Feichtinger, Raimund M Kovacevic, Gernot Tragler
Publisher: Springer an imprint of Springer International Publishing
Format: Paperback
Pagination: 439 pages
Series: Lecture Notes in Economics and Mathematical Systems
Genres: Economic theory and philosophy
Management decision making
Numerical analysis
Population and demography
Optimization
Environmental management
Operational research