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Dynamic optimization. Principles of optimization apply to dynamic models. Chapters, some essential elements (such as integration). In this volume Dr. Chiang introduces readers to the most important methods of dynamic optimization used in economics. Elements of Dynamic Optimization. The classical calculus of variations, optimum control idea, and dynamic programming in its discrete sort are outlined inside the usual Chiang type, with endurance and thoroughness. The monetary examples, chosen from every classical and updated literature, serve not solely for example functions.

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