This chapter is concerned with numerical simulation of dynamic economic models. We focus on some basic algorithms and assess their accuracy and stability properties. This analysis is useful for an optimal implementation and testing of these procedures, as well as to evaluate their performance....

This paper evaluates the accuracy of a set of techniques that approximate the solution of continuous-time DSGE models. Using the neoclassical growth model I compare linear-quadratic, perturbation and projection methods. All techniques are applied to the HJB equation and the optimality conditions...

This book presents the latest findings on stochastic dynamic programming models and on solving optimal control problems in networks. It includes the authors’ new findings on determining the optimal solution of discrete optimal control problems in networks and on solving game variants of Markov...

Inhaltsverzeichnis Vorwort V 1 Einleitung 1 1.1 Spielen ...

The work is about fundamental parallel machine scheduling problems which occur in manufacturing systems where a set of jobs with individual processing times has to be assigned to a set of machines with respect to several workload objective functions like makespan minimization, machine covering...