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Stochastic Processes, Optimization, and Control Theory: Applications in Financial Engineering, Queueing Networks, and Manufacturing Systems

A Volume in Honor of Suresh Sethi

  • Book
  • © 2006

Overview

  • Contributing authors of the volume are many of the leading researchers in the application and optimization of Control Theory in the Applied Sciences
  • Examines the introduction of stochastic analysis and stochastic control techniques leading to the revolution in manufacturing and financial industries and how these control theory mechanisms and techniques continue to exert influence on the financial and manufacturing industries. This treatment will give the book the characteristics of a handbook
  • Includes supplementary material: sn.pub/extras

Part of the book series: International Series in Operations Research & Management Science (ISOR, volume 94)

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Table of contents (16 chapters)

Keywords

About this book

This edited volume contains sixteen research articles and presents recent and pressing issues in stochastic processes, control theory, differential games, optimization, and their applications in finance, manufacturing, queueing networks, and climate control. One of the salient features is that the book is highly multi-disciplinary. It assembles experts from the fields of operations research, control theory and optimization, stochastic analysis, and financial engineering to review and substantially update the recent progress in these fields. Another distinct characteristic of the book is that all papers are motivated by applications in which optimization, control, and stochastics are inseparable. The book will be a timely addition to the literature and will be of interest to people working in the aforementioned fields.

Most importantly, this volume is dedicated to Professor Suresh Sethi on the occasion of his 60th birthday. In view of his fundamental contributions, his distinguished career, his substantial achievements, his influence on the areas of control theory and applications, operations research, and management science, and his dedication to the scientific community, a number of leading experts in the fields of optimization, control, and operation management, have contributed to this volume in honor of him.

Editors and Affiliations

  • The Chinese Univ. of HK, Hong Kong

    Houmin Yan

  • Wayne State Univ., Detroit, USA

    George Yin

  • University of Georgia, Athens, USA

    Qing Zhang

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