Download or read book Applications of Control Theory to Socio economic Systems written by Francisco Jose Layrisse and published by . This book was released on 1973 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Optimal Control Theory with Applications in Economics written by Thomas A. Weber and published by MIT Press. This book was released on 2011-09-30 with total page 387 pages. Available in PDF, EPUB and Kindle. Book excerpt: A rigorous introduction to optimal control theory, with an emphasis on applications in economics. This book bridges optimal control theory and economics, discussing ordinary differential equations, optimal control, game theory, and mechanism design in one volume. Technically rigorous and largely self-contained, it provides an introduction to the use of optimal control theory for deterministic continuous-time systems in economics. The theory of ordinary differential equations (ODEs) is the backbone of the theory developed in the book, and chapter 2 offers a detailed review of basic concepts in the theory of ODEs, including the solution of systems of linear ODEs, state-space analysis, potential functions, and stability analysis. Following this, the book covers the main results of optimal control theory, in particular necessary and sufficient optimality conditions; game theory, with an emphasis on differential games; and the application of control-theoretic concepts to the design of economic mechanisms. Appendixes provide a mathematical review and full solutions to all end-of-chapter problems. The material is presented at three levels: single-person decision making; games, in which a group of decision makers interact strategically; and mechanism design, which is concerned with a designer's creation of an environment in which players interact to maximize the designer's objective. The book focuses on applications; the problems are an integral part of the text. It is intended for use as a textbook or reference for graduate students, teachers, and researchers interested in applications of control theory beyond its classical use in economic growth. The book will also appeal to readers interested in a modeling approach to certain practical problems involving dynamic continuous-time models.

Download or read book Studies on the Application of Modern Feedback Control Theory to Selected Socio economic Systems written by William Henry Smith and published by . This book was released on 1972 with total page 1208 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Towards Interventions of Social and Economic Systems A Control Theory Perspective written by Yan Zhang and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Control Systems and Mathematical Methods in Economics written by Gustav Feichtinger and published by Springer. This book was released on 2018-06-08 with total page 443 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Engineering Perspectives of Human Society written by Robert Zahn and published by Nova Publishers. This book was released on 2004 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Special interest categories: sociology; social economics; political science; globalisation. What determines individuals' rational behaviors in various social systems? How can we predict the long-term effects of a social policy? What governs the evolution path of human society? How will human society evolve in the future? This book addresses these perplexing questions about human society from a fresh angle. By applying engineering principles of control theory, game theory and information theory to fundamental social phenomena, Zhibo Zhang constructs a coherent scientific theory of human society and explores its real-world implications on domestic and international policies. Engineering Perspectives of Human Society analyzes the underlying governing mechanisms of human behaviors and makes a convincing case that seeking win-win solutions is in the best interests of all parties. Supported with historical facts, this book evaluates determining factors of the failure of various social structures including the Chinese feudal societies, Arabic civilisation and communist states. It discusses the fundamental reasons leading to the triumph of free-market capitalism as well as its potential failure modes. It presents an optimistic assessment of the future society and argues persuasively that the globalisation and the current global power distribution with the United States and its allies being the sole superpower will lead to a long-lasting world peace.

Download or read book Developments of Control Theory for Economic Analysis written by Carlo Carraro and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: Giovanni Castellani Rector of the University of Venice This book contains the Proceedings of the Conference on "Economic Policy and Control Theory" which was held at the University of Venice (Italy) on 27 January-l February 1985. The goal of the Conference was to survey the main developments of control theory in economics, by emphasizing particularly new achievements in the analysis of dynamic economic models by con trol methods. The development of control theory is strictly related to the development of science and technology in the last forty years. Control theory was indeed applied mainly in engineering, and only in the sixties economists started using control methods for analys ing economic problems, even if some preliminary economic applica tions of calculus of variations, from which control theory was then developed, date back to the twenties. Applications of control theory in economics also had to solve new, complicated, problems, like those encountered in optimal growth models, or like the determination of the appropriate inter temporal social welfare function, of the policy horizon and the relative final state of the system, of the appropriate discount factor. Furthermore, the uncertainty characterizing economic models had to be taken into account, thus giving rise to the development of stochastic control theory in economics.

Download or read book Application of Optimal Control Theory to Economic Development in the Presence of Conflicting Objectives written by Abdelhamid Abdouli and published by . This book was released on 1986 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Economic Model Predictive Control written by Matthew Ellis and published by Springer. This book was released on 2016-07-27 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents general methods for the design of economic model predictive control (EMPC) systems for broad classes of nonlinear systems that address key theoretical and practical considerations including recursive feasibility, closed-loop stability, closed-loop performance, and computational efficiency. Specifically, the book proposes: Lyapunov-based EMPC methods for nonlinear systems; two-tier EMPC architectures that are highly computationally efficient; and EMPC schemes handling explicitly uncertainty, time-varying cost functions, time-delays and multiple-time-scale dynamics. The proposed methods employ a variety of tools ranging from nonlinear systems analysis, through Lyapunov-based control techniques to nonlinear dynamic optimization. The applicability and performance of the proposed methods are demonstrated through a number of chemical process examples. The book presents state-of-the-art methods for the design of economic model predictive control systems for chemical processes.In addition to being mathematically rigorous, these methods accommodate key practical issues, for example, direct optimization of process economics, time-varying economic cost functions and computational efficiency. Numerous comments and remarks providing fundamental understanding of the merging of process economics and feedback control into a single framework are included. A control engineer can easily tailor the many detailed examples of industrial relevance given within the text to a specific application. The authors present a rich collection of new research topics and references to significant recent work making Economic Model Predictive Control an important source of information and inspiration for academics and graduate students researching the area and for process engineers interested in applying its ideas.

Download or read book Advanced Control Strategies for Social and Economic Systems ACS 04 written by Peter Kopacek and published by Elsevier. This book was released on 2006-01-06 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Applications of Control Theory to Economic Growth written by Stanford University. Institute for Mathematical Studies in the Social Sciences and published by . This book was released on 1967 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Theory and Application of Digital Control written by A. K. Mahalanabis and published by Elsevier. This book was released on 2014-05-20 with total page 705 pages. Available in PDF, EPUB and Kindle. Book excerpt: Theory and Application of Digital Control contains the proceedings of the IFAC Symposium held at New Delhi, India on January 5-7, 1982. This book particularly presents the texts of the five plenary talks and the 110 papers of the symposium. This book organizes the papers into 109 chapters, with nearly one-third of the papers focus on digital control, particularly, software and hardware of control using microcomputers; computer-aided design; and adaptive control and modeling for digital control. Another set of papers deal with several applications of digital control techniques in solving interesting problems of socio economic systems, electrical power systems, bio systems, and artificial satellites. The reader will benefit hugely from the topics in this book that span several important theoretical and applied areas of the fast-changing topic of digital control.

Download or read book Purpose Meaning and Action written by K. McClelland and published by Springer. This book was released on 2016-09-23 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Control Systems Theory, a newly developing theoretical perspective, starts from an important insight into human behaviour: that people attempt to control the world around them as they perceive it. This book brings together for the first time the work of prominent sociologists contributing to the development of this wideranging theoretical paradigm.

Download or read book The Shaping of Socio Economic Systems RLE Social Theory written by Thomas Baumgartner and published by Routledge. This book was released on 2014-08-07 with total page 363 pages. Available in PDF, EPUB and Kindle. Book excerpt: Actor-systems dynamics is an innovative, multidisciplinary methodology for investigating and analyzing social struggles over economic resources and the related interplay between economic and socio-political institutions and processes. The authors, sociologists and economists, offer a systemic perspective on contemporary socio-economic issues such as economic crisis, unemployment, inflation, economic democracy and development; in their analyses, they identify several of the key factors that drive people to interact, to initiate change and transformation as well as to resist such change. Major underlying themes in the book are: Conflict over the distribution of economic resources and economic policies and institutions; the structural bases of economic inequality and conflict; the shaping and reshaping of socio-economic institutions, and the contradictions, conflicts and instabilities evoked by such developments; the failure of orthodox economic theories, including Keynesianism, in the face of recurrent economic crises and instabilities; the development and application of an open, dynamic actor-oriented systems theory – grounded in the social sciences – addressing complex socio-economic phenomena in ways diverging substantially from conventional economics. All in all, the papers collected here deal, on the one hand, with social power, conflict, and struggle concerning economic resources and institutions and, on the other hand, the structural and other factors which drive powering initiatives, conflict, and social innovation and transformation. The book is addressed to a broad spectrum of social and managerial scientists concerned with socio-economic issues, institutions, and development.

Download or read book Optimal Control Theory written by Suresh P. Sethi and published by Taylor & Francis US. This book was released on 2006 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: Optimal control methods are used to determine optimal ways to control a dynamic system. The theoretical work in this field serves as a foundation for the book, which the authors have applied to business management problems developed from their research and classroom instruction. Sethi and Thompson have provided management science and economics communities with a thoroughly revised edition of their classic text on Optimal Control Theory. The new edition has been completely refined with careful attention to the text and graphic material presentation. Chapters cover a range of topics including finance, production and inventory problems, marketing problems, machine maintenance and replacement, problems of optimal consumption of natural resources, and applications of control theory to economics. The book contains new results that were not available when the first edition was published, as well as an expansion of the material on stochastic optimal control theory.

Download or read book Development and Application of Optimal Control Techniques for a Socio economic System written by James Franklin Stewart and published by . This book was released on 1974 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Optimal Control Theory and its Applications written by B. J. Kirby and published by Springer Science & Business Media. This book was released on 2013-03-08 with total page 413 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work (in two parts), Lecture Notes in Economics and Mathe matical Systems, Volume 105 and 106, constitutes the Proceedings of the Fourteenth Biennual Seminar of the Canadian Mathematical Congress, which was held from August 12 to August 25, 1973 at the University of Western Ontario, London, Ontario. The Canadian Mathematical Congress has held Biennual Seminars since 19~7, and these have covered a wide range of topics. The Seminar reported in this publication was concerned with "Optimal Control Theory and its Applications", a subject chosen for its active ~rowth and its wide implications for other fields. Both these aspects are exemplified in these Proceedings. Some lectures provided excellent surveys of particular fields whereas others concentrated on the presentation of new results. There were six distinguished Principal Lecturers: H.T. Banks, A.R. Dobell, H. Halkin, J.L. Lions, R.M. Thrall and W.M. Wonham, all of whom gave five to ten lectures during the two weeks of the Seminar. Except for Dr. Dobell's, these will all be found in Volume 105. Besides the Principal Lecturers there were three Guest Lecturers: M.C. Delfour, V. Jurdjevic and S.P. Sethi, who presented substantial bodies of material in two or three lectures and which are included in Volume 106. Many of the participants also spoke and reports of ~0st of these have also been included (Volume 106).