Lecture Notes in Economics and Mathematical Systems

Control Systems and Mathematical Methods in Economics

Essays in Honor of Vladimir M. Veliov

Editors: Feichtinger, Gustav, Kovacevic, Raimund M., Tragler, Gernot (Eds.)

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  • Gathers 20 original papers by highly distinguished researchers
  • Presents the state-of-the-art mathematical foundations of Optimal Control Theory
  • Explores topical applications in Economics and Operations Research
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About this book

Since the days of Lev Pontryagin and his associates, the discipline of Optimal Control has enjoyed a tremendous upswing – not only in terms of its mathematical foundations, but also with regard to numerous fields of application, which have given rise to highly active research areas. Few scholars, however, have been able to make contributions to both the mathematical developments and the (socio-)economic applications; Vladimir Veliov is one of them. In the course of his scientific career, he has contributed highly influential research on mathematical aspects of Optimal Control Theory, as well as applications in Economics and Operations Research. One of the hallmarks of his research is its impressive breadth. This volume, published on the occasion of his 65th birthday, accurately reflects that diversity.         

The mathematical aspects covered include stability theory for difference inclusions, metric regularity, generalized duality theory, the Bolza problem from a functional analytic perspective, and fractional calculus. In turn, the book explores various applications of control theory, such as population dynamics, population economics, epidemiology, optimal growth theory, resource and energy economics, environmental management, and climate change. Further topics include optimal liquidity, dynamics of the firm, and wealth inequality.

About the authors

Gustav Feichtinger is a Professor Emeritus of Operations Research at the Vienna University of Technology (TU Wien). Moreover, he is Research Group Leader for Population Economics at the Vienna Institute of Demography of the Austrian Academy of Sciences. He is a Corresponding Member of the academy and holds an Honorary Doctorate from the Otto von Guericke University of Magdeburg. His main interests are in the economic applications of optimal control theory, dynamic games and nonlinear dynamical systems, as well as population mathematics.

Raimund Kovacevic is currently an Assistant Professor (Univ. Ass.) at the TU Wien’s Institute of Statistics and Mathematical Methods in Economics. His main research areas are stochastic optimization, stochastic control, optimization with PDE constraints, and bilevel optimization with applications in energy, finance and insurance. He has worked as an Assistant Professor at Vienna University and as a risk manager and consultant.

Gernot Tragler is currently an Associate Professor for Operations Research and Dean of Academic Affairs for Technical Mathematics, both at the TU Wien. His research focuses on Operations Research and mathematical methods in economics, including various methods of nonlinear and dynamic optimization, chiefly as applied to socio-economic processes and problems of energy supply and the environment. He has supervised more than fifty Master’s and Ph.D. theses and teaches several courses at the graduate level.

 

Table of contents (20 chapters)

Table of contents (20 chapters)
  • On Some Open Problems in Optimal Control

    Pages 3-13

    Dontchev, Asen L.

  • On Nonlocal Normal Forms of Linear Second Order Mixed Type PDEs on the Plane

    Pages 15-25

    Davydov, Alexy A. (et al.)

  • Discrete Filippov-Type Stability for One-Sided Lipschitzian Difference Inclusions

    Pages 27-55

    Baier, Robert (et al.)

  • Solution Stability and Path-Following for a Class of Generalized Equations

    Pages 57-80

    Cibulka, Radek (et al.)

  • On the Dynamic Programming Approach to Incentive Constraint Problems

    Pages 81-96

    Gozzi, Fausto (et al.)

Buy this book

eBook $99.00
price for USA (gross)
  • ISBN 978-3-319-75169-6
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $129.00
price for USA
  • ISBN 978-3-319-75168-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.

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Bibliographic Information

Bibliographic Information
Book Title
Control Systems and Mathematical Methods in Economics
Book Subtitle
Essays in Honor of Vladimir M. Veliov
Editors
  • Gustav Feichtinger
  • Raimund M. Kovacevic
  • Gernot Tragler
Series Title
Lecture Notes in Economics and Mathematical Systems
Series Volume
687
Copyright
2018
Publisher
Springer International Publishing
Copyright Holder
Springer International Publishing AG, part of Springer Nature
eBook ISBN
978-3-319-75169-6
DOI
10.1007/978-3-319-75169-6
Softcover ISBN
978-3-319-75168-9
Series ISSN
0075-8442
Edition Number
1
Number of Pages
XVI, 439
Number of Illustrations
31 b/w illustrations, 38 illustrations in colour
Topics