Mathematical Control Theory and Finance - Couverture rigide

Couverture rigide

ISBN 10 : 3540695311 ISBN 13 : 9783540695318

Editeur : Springer-Verlag Berlin and Heidelberg GmbH & Co. K, 2008

Synopsis

Control theory provides a large set of theoretical and computational tools with applications in a wide range of ?elds, running from "pure" branches of mathematics, like geometry, to more applied areas where the objective is to ?nd solutions to "real life" problems, as is the case in robotics, control of industrial processes or ?nance. The "high tech" character of modern business has increased the need for advanced methods. These rely heavily on mathematical techniques and seem indispensable for competitiveness of modern enterprises. It became essential for the ?nancial analyst to possess a high level of mathematical skills. C- versely, the complex challenges posed by the problems and models relevant to ?nance have, for a long time, been an important source of new research topics for mathematicians. The use of techniques from stochastic optimal control constitutes a well established and important branch of mathematical ?nance. Up to now, other branches of control theory have found comparatively less application in ?n- cial problems. To some extent, deterministic and stochastic control theories developed as di?erent branches of mathematics. However, there are many points of contact between them and in recent years the exchange of ideas between these ?elds has intensi?ed. Some concepts from stochastic calculus (e.g., rough paths) havedrawntheattentionofthedeterministiccontroltheorycommunity.Also, some ideas and tools usual in deterministic control (e.g., geometric, algebraic or functional-analytic methods) can be successfully applied to stochastic c- trol.

A propos du livre

Présentation de l'éditeur

This book highlights recent developments in mathematical control theory and its applications to finance. It presents a collection of original contributions by distinguished scholars, addressing a large spectrum of problems and techniques.

Détails de l'édition

• Éditeur: Springer-Verlag Berlin and Heidelberg GmbH & Co. K
• Date d'édition: 2008
• Langue: anglais
• ISBN 10: 3540695311
• ISBN 13: 9783540695318
• Reliure: Relié
• Nombre de pages: 420
• Éditeur: Sarychev Andrey, Shiryaev Albert, Guerra Manuel, Grossinho Maria Do Rosário
• Coordonnées du fabricant: non disponible
• Personne responsable: CMN Printpool Inh. Mathis Neumann; https://www.also.com/ec/cms5/en_6000/6000/index.jsp; ; Friedrich-Karl-Str. 9; Hamburg; Allemagne