03048nam a22004455i 4500 978-0-387-23570-7 DE-He213 20260521091828.0 cr nn 008mamaa 100301s2005 xxu| s |||| 0|eng d 9780387235707 99780387235707 10.1007/b101888 doi CICY 515.64 23 Chen, Ping. author. Optimal Control Models in Finance [recurso electrónico] : A New Computational Approach / by Ping Chen, Sardar M. N. Islam. Boston, MA : Springer US, 2005. XVIII, 201 p. online resource. text txt rdacontent computer c rdamedia recurso en línea cr rdacarrier text file PDF rda Applied Optimization, 1384-6485 ; 95 Optimal 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. 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. MATHEMATICS. MATHEMATICAL OPTIMIZATION. MATHEMATICS. CALCULUS OF VARIATIONS AND OPTIMAL CONTROL; OPTIMIZATION. OPTIMIZATION. Islam, Sardar M. N. author. SpringerLink (Online service) Springer eBooks Printed edition: 9780387235691 Applied Optimization, 1384-6485 ; 95 http://dx.doi.org/10.1007/b101888 Ver el texto completo en las instalaciones del CICY ddc ER 32167 32167 0 0 ddc 0 0 LE CICY CICY EL 2025-07-10 0 515.64 2025-07-10 08:39:29 2025-07-10 ER