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Main Data
Author: Alexander Zaslavski
Title: Turnpike Properties in the Calculus of Variations and Optimal Control
Publisher: Springer-Verlag
ISBN/ISSN: 9780387281544
Edition: 1
Price: CHF 135.50
Publication date: 01/01/2006
Content
Category: Mathematics
Language: English
Technical Data
Pages: 396
Kopierschutz: DRM
Geräte: PC/MAC/eReader/Tablet
Formate: PDF
Table of contents
This book is devoted to the recent progress on the turnpike theory. The turnpike property was discovered by Paul A. Samuelson, who applied it to problems in mathematical economics in 1949. These properties were studied for optimal trajectories of models of economic dynamics determined by convex processes. In this monograph the author, a leading expert in modern turnpike theory, presents a number of results concerning the turnpike properties in the calculus of variations and optimal control which were obtained in the last ten years. These results show that the turnpike properties form a general phenomenon which holds for various classes of variational problems and optimal control problems. The book should help to correct the misapprehension that turnpike properties are only special features of some narrow classes of convex problems of mathematical economics.