Search Results - subject:"Control theory"

Pricing hydroelectric power plants with/without operational restrictions : a stochastic control approach

Chen, Zhuliang; Forsyth, Peter - In: Nonlinear models in mathematical finance : new research …, (pp. 273-301). 2008

Persistent link: https://www.econbiz.de/10011954476

The Economics of Inaction : Stochastic Control Models with Fixed Costs

Stokey, Nancy L. - 2008

In economic situations where action entails a fixed cost, inaction is the norm. Action is taken infrequently, and adjustments are large when they occur. Interest in economic models that exhibit ''lumpy'' behavior of this kind has exploded in recent years, spurred by growing evidence that it is...

Persistent link: https://www.econbiz.de/10012685025

Robust Control : A Note on the Response of the Control to Changes in the 'Free' Parameter Conditional on the Character of Nature

Gonzalez, Fidel - 2008

In this paper an analytical framework similar to a robust control problem was developed for the one-state, one-control variable model to examine the response of the control variable to change in the quot;freequot; parameter. However, in contrast to Gonzalez and Rodriguez (2003), the sign...

Persistent link: https://www.econbiz.de/10012770536

Optimal Policy Response with Control Parameter and Intercept Covariance

Gonzalez, Fidel - 2008

Parameter uncertainty and the interaction between the uncertain parameters are important aspects of economic policy. In this work, I develop an analytical one-state variable, one-control variable model with two uncertain parameters (the control parameter and the intercept) and a nonzero...

Persistent link: https://www.econbiz.de/10012770524

Robust Control : A Note on the Response of the Control to Changes in the 'Free' Parameter

Gonzalez, Fidel - 2008

In this paper an analytical framework using robust control was developed for the one-state, one-control variable model to examine the response of the control to changes in the quot;freequot; parameter. It was found that the response is characterized by a hyperbolic shape

Persistent link: https://www.econbiz.de/10012770535

Optimal Control of Nonlinear Processes : With Applications in Drugs, Corruption, and Terror

Grass, Dieter; Behrens, Doris; Caulkins, Jonathan P.; … - 2008

Persistent link: https://www.econbiz.de/10013520988

Design of organizational controls for managing innovation : implications for firms in high-velocity environments

Perez-Freije, Javier - 2008

Persistent link: https://www.econbiz.de/10003627740

Model uncertainty, robust policies, and the value of commitment

Kasa, Kenneth (contributor) - 1998 - [Elektronische Ressource]

the standard H 2 (sum-of-squares) norm sparked a revolution in control theory. Marcellino and Salmon (1997) argue that … these recent developments in robust control theory have implications for the Lucas Critique. In their analysis individuals … isthe flip-side of Marcellino and Salmon (1997). Like them, I apply results from robust control theory to revisit standard …

Persistent link: https://www.econbiz.de/10001576291

A Matlab Package for Approximating the Solution to a Continuous-Time Stochastic Optimal Control Problem

Windsor, Alistair; Krawczyk, Jacek B. - 1998

Computing the solution to a stochastic optimal control problem is difficult. A method of approximating a solution to a given stochatic optimal problem was developed in [1]. This paper describes a suite of Matlab functions implementing this method of approximating a solution to a given continuous...

Persistent link: https://www.econbiz.de/10014064373

An Approximated Solution to Continuous-Time Stochastic Optimal Control Problems Through Markov Decision Chains

Krawczyk, Jacek B.; Windsor, Alistair - 1998

Strategies for constructing a Markov decision chain approximating a continuous-time finite-horizon optimal control problem are investigated. Some simple, analytically soluble, examples are treated and low computational complexity is reported. Extensions to the method and implementation are...

Persistent link: https://www.econbiz.de/10014068827