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| Publisher | Springer |
| ISBN 10 | 3319488139 |
| Language | English |
| About the Author | Karl Hinderer was Professor of Stochastics at the Karlsruhe Institute of Technology KIT. He wrote the seminal book Foundations of Non-stationary Dynamic Programming with Discrete Time Parameter (1970) and the textbook Grundbegriffe der Wahrscheinlichkeitstheorie (1972). His main research areas were stochastic dynamic programming, probability and stochastic processes.Ulrich Rieder is Professor emeritus at the University of Ulm. From 1990 to 2008, he was Editor-in-Chief of Mathematical Methods of Operations Research. His main research areas include stochastic dynamic programming and control, risk-sensitive Markov decision processes, stochastic games, and financial optimization.Michael Stieglitz was Professor at the University of Karlsruhe until 2002. He contributes to summability, approximation theory, and probability. Read more |
| Number of Pages | 552 pages |
| ISBN 13 | 9783319488134 |
| Author | Karl Hinderer |
| Book Description | This book explores discrete-time dynamic optimization and provides a detailed introduction to both deterministic and stochastic models. Covering problems with finite and infinite horizon, as well as Markov renewal programs, Bayesian control models and partially observable processes, the book focuses on the precise modelling of applications in a variety of areas, including operations research, computer science, mathematics, statistics, engineering, economics and finance.Dynamic Optimization is a carefully presented textbook which starts with discrete-time deterministic dynamic optimization problems, providing readers with the tools for sequential decision-making, before proceeding to the more complicated stochastic models. The authors present complete and simple proofs and illustrate the main results with numerous examples and exercises (without solutions). With relevant material covered in four appendices, this book is completely self-contained. |
| Publication Date | 18 January 2017 |
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