Dynamic Models of the Firm

Dynamic Models of the Firm
Author :
Publisher : Springer Science & Business Media
Total Pages : 199
Release :
ISBN-10 : 9783642484018
ISBN-13 : 3642484018
Rating : 4/5 (018 Downloads)

Book Synopsis Dynamic Models of the Firm by : Mark W.J. Blok

Download or read book Dynamic Models of the Firm written by Mark W.J. Blok and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contributes to the scientific field of optimal control theory applied to dynamic models of the firm. It discusses optimal investment, financing and production policies of the firm, that have to deal with a variety of aspects, such as financial constraints, start-up costs, business cycles, increasing returns to scale, production life cycles and experience curves. In contrast to many other publications on this subject, here, in combination with an analytical approach, the dynamic optimization problems are solved numerically with the aid of a powerful computer and specific programs for optimizing non-linear functions of a finite number of variables and non-linear constraints.


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