Download or read book An Application of Control Theory to National Economic Planning written by Peter Mark Pruzan and published by . This book was released on 1964 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Optimal planning for economic stabilization the application of control theory stabilization policy written by Robert S. Pindyck and published by . This book was released on 1973 with total page 167 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Optimal Planning for Economic Stabilization written by Robert S. Pindyck and published by . This book was released on 1975 with total page 167 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Theory of National Economic Planning written by and published by Univ of California Press. This book was released on with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 178 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 Control Engineering for Economic Planning written by Samer Mustafa El-Tawil and published by . This book was released on 2006 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: Intellectual links exist between engineering and economics. One demonstration is the implementation of Modern control theory in economics, where state space mod els are created from equations representing relationships among various economic parameters. Optimal control is a dynamic technique that is widely utilized for economic planning by formulating the linear quadratic tracking problem that is s ubject as a constraint to the state space representation of the economic model. It serves as an indispensable tool for defining optimal macroeconomic policies s uch as fiscal and monetary policy that achieve desired growth of state parameter s such as private consumption and gross domestic investments, and hence desired economic development over a future plan that may be set by budget planners and p olicy makers. Thesis work defines, economic discrete-time state space models for regional and international economies, relating government expenditure as the input, private f inal consumption expenditure and Gross domestic investment as the internal state s, and national yearly income as the output. Model formulation for adopted case economies is based on their past economic performance over the past seven years, that reflect private final consumption of a certain year as a constant proporti on of the national yearly income of the previous year, and gross domestic invest ment of a current year as a linear function of the increment value in private fi nal consumption over the previous and current year, which implies that economic growth of these countries is mainly based on internal engines. Control engineeri ng is utilized for future economic planning, by implementing optimal control and method of pole placement using state feedback, to suggest fiscal policy that de fines Government expenditure scenarios in National Budgets in two years cycles t o achieve desired values of Private final consumption expenditure and Gross dome stic investment, and hence desired National yearly income. Moreover, the predict ion observer approach is utilized to predict future economic state parameters, p rivate final consumption expenditure, and gross domestic investment, based on pa st government expenditure, and past national yearly income values. Such a tool i s useful since direct computation of state parameters is difficult if not imposs ible.
Download or read book Dynamic Modelling and Control of National Economies 1983 written by T. Basar and published by Elsevier. This book was released on 2014-05-17 with total page 489 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dynamic Modelling and Control of National Economies 1983 contains the proceedings of the Fourth IFAC/IFORS/IIASA Conference and the 1983 SEDC Conference on Economic Dynamics and Control held at Washington D.C., USA on June17-19, 1983. Separating the 65 papers presented in the conference as chapters, this book covers a broad class of problems or notions arising both in economic theory, control applications to planning, and implementation issues. Some chapters discuss multi-level interactions of government and private sectors in economic development; inflation and economic policy in an open economy; foreign debt and exchange rate stability in a developing country; and expectations in numerical general equilibrium models. This book also explains a rational decision-making process for resource policymaking; inference of the structure of economic reasoning from natural language analysis; modeling and analysis of a national economy; and methodological issues in global modeling. Econometric analysis of the economic effects of population change, aspects of optimal estimation control strategies in econometrics, and optimal policies for interdependent economies are also discussed. This book will be useful to those engaged in economic and control theory research.
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 Naval Research Logistics Quarterly written by and published by . This book was released on 1984 with total page 540 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 National Economic Planning written by Don Lavoie and published by Cato Institute. This book was released on 1985-06-01 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: Don Lavoie argues that the radical Left's enthusiasm for planning has been a tragic mistake and that progressive social change requires the abandonment of this traditional view. Lavoie argues that planning—whether Marxism, economic democracy, or industrial policy—can only disrupt social and economic coordination. He challenges both radicals and their critics to begin reformulating our whole notion of progressive economic change without reliance on central planning. National Economic Planning: What is Left? will challenge thinkers and policymakers of every political persuasion.
Download or read book Optimal Control Theory written by Suresh P. Sethi and published by Springer Nature. This book was released on 2022-01-03 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new 4th edition offers an introduction to optimal control theory and its diverse applications in management science and economics. It introduces students to the concept of the maximum principle in continuous (as well as discrete) time by combining dynamic programming and Kuhn-Tucker theory. While some mathematical background is needed, the emphasis of the book is not on mathematical rigor, but on modeling realistic situations encountered in business and economics. It applies optimal control theory to the functional areas of management including finance, production and marketing, as well as the economics of growth and of natural resources. In addition, it features material on stochastic Nash and Stackelberg differential games and an adverse selection model in the principal-agent framework. Exercises are included in each chapter, while the answers to selected exercises help deepen readers’ understanding of the material covered. Also included are appendices of supplementary material on the solution of differential equations, the calculus of variations and its ties to the maximum principle, and special topics including the Kalman filter, certainty equivalence, singular control, a global saddle point theorem, Sethi-Skiba points, and distributed parameter systems. Optimal control methods are used to determine optimal ways to control a dynamic system. The theoretical work in this field serves as the foundation for the book, in which the author applies it to business management problems developed from his own research and classroom instruction. The new edition has been refined and updated, making it a valuable resource for graduate courses on applied optimal control theory, but also for financial and industrial engineers, economists, and operational researchers interested in applying dynamic optimization in their fields.
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 Theory of Urban Space Development written by Jin Duan and published by Springer Nature. This book was released on with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Theory of Nationalisation written by Konstantin Katzarov and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book Professor Katzarov has made the first comprehensive study 0/ nationalisation /rom the legal point 0/ view. The author's knowledge 0/ European languages, in addition to his mother tongue 0/ Bulgarian, has enabled him to draw on material/rom England, France, the U.s.S.R. and the other communist countries 0/ Eastern Europe, and many countries 0/ Asia and Latin America. The book ranges widely in another sense. Professor Katzarov is a jurist in the best Continental tradition in that his work does not spring /rom a narrow technical outlook, but is a synthesis 0/ historical, philo sophic, political, economic and legal elements. Thus, he shows the way in which the constitutional and legal /ramework 0/ nationalisation has been in/luenced by extra-legal elements. It is difficult to imagine a legal scholar trained in one 0/ the Common Law countries producing a work as broadly conceived; and this is one 0/ several reasons why the publication 0/ an English edition is welcome.
Download or read book The New Horizon of China s Economic Law Theory written by Shouwen Zhang and published by Springer Nature. This book was released on 2020-10-26 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the development and reformation of economic law in China and explores the "three relationships" between the government and market, between reform and rule of law, and between the constitution and economic law. On this basis, it subsequently focuses on development theory, distribution theory, risk theory and crisis theory. Further, it addresses effective development, fair distribution, and prevention and resolution of related risks and crises, which are important functions of economic law. In order to achieve the above functions and objectives, the book argues, we must vigorously promote the integration of rule of law in economic law, and constantly refine the theory of economic rule of law employed in China.The book demonstrates that no matter how the "three major relationships" are adjusted or the relevant systems are reformed – i.e., regarding the implementation of the concept of coordinated development or the optimization of economic structures; the solution of distribution problems or the improvement of distribution systems; the prevention of risks or the response to crises – any such changes depend on economic rule of law. The above-mentioned theoretical discussion presents a "new horizon" of contemporary Chinese economic law theory, which will be of great value to the future development of economic law theory.
