Stochastic control processes and management science
نویسندگان
چکیده
منابع مشابه
Optimal Stochastic Control in Continuous Time with Wiener Processes: General Results and Applications to Optimal Wildlife Management
We present a stochastic optimal control approach to wildlife management. The objective value is the present value of hunting and meat, reduced by the present value of the costs of plant damages and traffic accidents caused by the wildlife population. First, general optimal control functions and value functions are derived. Then, numerically specified optimal control functions and value func...
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An applied compact introductory survey of Markov stochastic processes and control in continuous time is presented. The presentation is in tutorial stages, beginning with deterministic dynamical systems for contrast and continuing on to perturbing the deterministic model with diffusions using Wiener processes. Then jump perturbations are added using simple Poisson processes constructing the theo...
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When the Simulation Department of Management Science was created in 1978 it ushered in an era of significant methodological advances in stochastic simulation. However, the foundation for the field—not just the work that has been published in Management Science—was provided by two papers published long before simulation had its own department in the journal. We will review the seminal papers of ...
متن کاملExpressions of Control in Stochastic Processes
We use the activity of two children, age 10, as they interact with resources in a computerbased domain, to illustrate their initial meanings for controlling stochastic artefacts within that domain. As the children continue their explorations, we observe the emergence of new meanings for control, and discuss the evolution of chldren’s understandings and how they were shaped by the computer-based...
متن کاملStochastic terminal control by reciprocal processes
Stochastic terminal control problems are studied in the framework of reciprocal processes. Results on the associated two-point boundary Lyapunov equation are given, in particular in relation with some optimal control problems. A numerical example is worked out to illustrate the results.
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ژورنال
عنوان ژورنال: Journal of Mathematical Analysis and Applications
سال: 1984
ISSN: 0022-247X
DOI: 10.1016/0022-247x(84)90037-4