02937nam a22004095i 4500001001800000003000900018005001700027007001500044008004100059020001800100020001900118024002500137040000900162082001500171100002500186245013200211264003800343300003600381336002600417337002600443338003900469347002400508490004300532505023000575520131800805650001702123650003102140650001702171650006202188650001802250700003302268710003402301773002002335776003602355830004302391856009302434978-0-387-23570-7DE-He21320260521091828.0cr nn 008mamaa100301s2005    xxu|    s    |||| 0|eng d  a9780387235707  a997803872357077 a10.1007/b1018882doi  cCICY04a515.642231 aChen, Ping.eauthor.10aOptimal Control Models in Financeh[recurso electrónico] :bA New Computational Approach /cby Ping Chen, Sardar M. N. Islam. 1aBoston, MA :bSpringer US,c2005.  aXVIII, 201 p.bonline resource.  atextbtxt2rdacontent  acomputerbc2rdamedia  arecurso en líneabcr2rdacarrier  atext filebPDF2rda1 aApplied Optimization,x1384-6485 ;v950 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.  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. 0aMATHEMATICS. 0aMATHEMATICAL OPTIMIZATION.14aMATHEMATICS.24aCALCULUS OF VARIATIONS AND OPTIMAL CONTROL; OPTIMIZATION.24aOPTIMIZATION.1 aIslam, Sardar M. N.eauthor.2 aSpringerLink (Online service)0 tSpringer eBooks08iPrinted edition:z9780387235691 0aApplied Optimization,x1384-6485 ;v9540uhttp://dx.doi.org/10.1007/b101888zVer el texto completo en las instalaciones del CICY