Business Dynamics Models: Optimization-Based One Step Ahead Optimal Control
Eugenius Kaszkurewicz, Brazilian Academy of Sciences;
Amit Bhaya, Federal University of Rio de Janeiro
SIAM, 2022
ISBN: 9781611977301;
Language: English
This book introduces optimal control methods, formulated as optimization problems, applied to business dynamics problems. Business dynamics refers to a combination of business management and financial objectives embedded in a dynamical system model. The model is subject to a control that optimizes a performance index and takes both management and financial aspects into account.
Business Dynamics Models includes:
- solutions that provide a rationale for the use of optimal control and guidelines for further investigation into more complex models;
- formulations that can also be used in a so-called flight simulator mode to investigate different complex scenarios; and
- a modern programming environment for modeling, simulation, and optimization.
The level of the book is appropriate for senior undergraduate and first-year graduate students and features examples in MATLAB.
