Readers of this book will learn how to solve a wide range of optimal investment problems arising in finance and economics. Starting from the fundamental Merton

The focus of the book is the construction of optimal investment strategies in a security market model where the prices follow diffusion processes. It begins by

Over the past decade, innovative technologies have resulted in an extensive growth of new services. Each new service requires a number of management and marketi

How should firms decide whether and when to invest in new capital equipment, additions to their workforce, or the development of new products? Why have traditio

The investing strategy that famously generates higher returns with substantially reduced risk--presented by the investor who invented it "A treasure of well res