Josef Anton Strini analyzes a special stochastic optimal control problem. The problem under study arose from a dynamic cash management model in finance, where decisions about the dividend and financing policies of a firm have to be made. Additionally, using the dynamic programming approach, he extends the present discourse by the formal derivation of the Hamilton-Jacobi-Bellman equation and by examining the verification step carefully.
Finally, the treatment is completed by solving the problem numerically.
| ISBN: | 9783658256906 |
| Publication date: | 19th March 2019 |
| Author: | Josef Anton Strini |
| Publisher: | Springer Spektrum an imprint of Springer Fachmedien Wiesbaden |
| Format: | Paperback |
| Pagination: | 106 pages |
| Series: | BestMasters |
| Genres: |
Probability and statistics Stochastics Finance and the finance industry |
Josef Anton Strini analyzes a special stochastic optimal control problem. The problem under study arose from a dynamic cash management model in finance, where decisions about the dividend and financing policies of a firm have to be made.
On Stochastic Optimization Problems and an Application in Finance features in the following genres: Probability and statistics, Stochastics, Finance and the finance industry
Paperback. £40.49, down from the £44.99 cover price. Not Available.
On Stochastic Optimization Problems and an Application in Finance was written by Josef Anton Strini and published by Springer Spektrum an imprint of Springer Fachmedien Wiesbaden
On Stochastic Optimization Problems and an Application in Finance has 106 pages
Yes it is part of BestMasters series
£40.49, reduced from £44.99. Not Available.