Search Results - subject:"OPTIMAL CONTROL"

A Markov decision process approach to optimal control of a multi-level hierarchical manpower system

Udom, Akaninyene U. - In: CBN Journal of Applied Statistics 04 (2013) 2, pp. 31-49

to develop a Markov Decision Process for optimal control of a Multi-level Hierarchical Manpower System (MHMS) by …

Persistent link: https://www.econbiz.de/10011482589

Robustifying optimal monetary policy using simple rules as cross-checks

Ilbas, Pelin; Røisland, Øistein; Sveen, Tommy - 2013

There are two main approaches to modelling monetary policy; simple instrument rules and optimal policy. We propose an alternative that combines the two by extending the loss function with a term penalizing deviations from a simple rule. We analyze the properties of the modified loss function by...

Persistent link: https://www.econbiz.de/10011506765

Dynamic modeling of pulse fishing: A game theoretic approach

Halkos, George; Papageorgiou, George - Department of International and European Economic … - 2013

This paper is concerned with the classic topic of intertemporal resource economics: the optimal harvesting of renewable natural resources over time by one and several resource owners with conflicting interests. The traditional management model, dating back to Plourde (1970), is extended towards...

Persistent link: https://www.econbiz.de/10011140901

Regional Policy: An Alternative Approach

Alexiadis, Stilianos - Volkswirtschaftliche Fakultät, … - 2013

The regional policy problem is often conceived as a trade-off between aggregate efficiency and interregional equity. A policy to allocate investment across regions frequently causes a contradiction in the aims of regional policy, in the sense that it might lead to high rates of aggregate growth...

Persistent link: https://www.econbiz.de/10011108373

Optimal Fiscal Policy

Lukkezen, Jasper; Teulings, Coen - Tinbergen Instituut - 2013

This paper derives and estimates rules for fiscal policy that prescribe the optimal response to changes in unemployment and debt. We combine the reduced form model of the economy from a linear VAR with a non-linear welfare function and obtain analytic solutions for optimal policy. The variables...

Persistent link: https://www.econbiz.de/10011257345

Dynamic modeling of pulse fishing: A game theoretic approach

Halkos, George; Papageorgiou, George - Volkswirtschaftliche Fakultät, … - 2013

Persistent link: https://www.econbiz.de/10011260516

ИЕРАРХИЧЕСКАЯ МОДЕЛЬ НЕОДНОРОДНОЙ ДИСКРЕТНОЙ СИСТЕМЫ И ЕЕ ПРИЛОЖЕНИЯ

ИОСИФОВИЧ, ГУРМАН ВЛАДИМИР; … - In: Управление большими … (2013) 3, pp. 249-269

Рассматривается концепция двухуровневой модели неоднородной дискетной управляемой системы и связанные с ней алгоритмы оптимизации управления. Предлагается...

Persistent link: https://www.econbiz.de/10011226927

Monetary Policy as an Optimal Control Problem

KODERA, Jan; TRAN, Van Quang - In: European Financial and Accounting Journal 2013 (2013) 1, pp. 18-38

economy in a continuous form. By introducing a quadratic loss function commonly used in New Keynesian Economics we get optimal … control problem which solution will be analysed with the use of fuzzy control. Then we introduce a modified form of the Taylor …

Persistent link: https://www.econbiz.de/10011195332

Maximum Maximum of Martingales given Marginals

Henry-Labordere, Pierre; Obloj, Jan; Spoida, Peter; … - HAL - 2013

We consider the problem of superhedging under volatility uncertainty for an investor allowed to dynamically trade the underlying asset and statically trade European call options for all possible strikes and finitely-many maturities. We present a general duality result which converts this problem...

Persistent link: https://www.econbiz.de/10010899567

A Numerical Scheme for Multisignal Weight Constrained Conditioned Portfolio Optimisation Problems

Schiltz, Jang; Boissaux, Marc - Luxembourg School of Finance, Faculté de droit, … - 2013

In this paper, we consider optimal control problems involving a multidimensional objective function integral. We … generalisation. As an application taken from the domain of finance, we then introduce conditioned portfolio optimisation. The optimal … control transcription of the two-dimensional mean-variance problem is given and solved using the scheme under consideration …

Persistent link: https://www.econbiz.de/10010900067