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Books > Science & Mathematics > Mathematics > Algebra
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Modern Trends in Controlled Stochastic Processes (Hardcover, New)
Loot Price: R1,732
Discovery Miles 17 320
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Modern Trends in Controlled Stochastic Processes (Hardcover, New)
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World leading experts give their accounts of the modern
mathematical models in the field: Markov Decision Processes,
controlled diffusions, piece-wise deterministic processes etc, with
a wide range of performance functionals. One of the aims is to give
a general view on the state-of-the-art. The authors use Dynamic
Programming, Convex Analytic Approach, several numerical methods,
index-based approach and so on. Most chapters either contain well
developed examples, or are entirely devoted to the application of
the mathematical control theory to real life problems from such
fields as Insurance, Portfolio Optimization and Information
Transmission. The book will enable researchers, academics and
research students to get a sense of novel results, concepts,
models, methods, and applications of controlled stochastic
processes.
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