Stochastic control is a very active area of research. This monograph, written by two leading authorities in the field, has been updated to reflect the latest de

This book is concerned with numerical methods for stochastic control and optimal stochastic control problems. The random process models of the controlled or unc

The required background is surveyed, and there is an extensive development of methods of approximation and computational algorithms. The book is written on two

This work presents recent mathematical methods in the area of optimal control with a particular emphasis on the computational aspects and applications. Optimal

This book may be regarded as consisting of two parts. In Chapters I-IV we pre sent what we regard as essential topics in an introduction to deterministic optima