Optimization, Control, and Applications of Stochastic Systems

In Honor of Onésimo Hernández-Lerma

  • Daniel Hernández-Hernández
  • J. Adolfo Minjárez-Sosa

Part of the Systems & Control: Foundations & Applications book series (SCFA)

Table of contents

  1. Front Matter
    Pages i-xxvii
  2. Lankere Benkherouf, Alain Bensoussan
    Pages 13-29
  3. François Dufour, Tomás Prieto-Rumeau
    Pages 59-76
  4. Xianping Guo, Qingda Wei, Junyu Zhang
    Pages 125-150
  5. Gerardo Hernandez-del-Valle, Yuemeng Sun
    Pages 151-156
  6. Jiaqiao Hu, Yongqiang Wang, Enlu Zhou, Michael C. Fu, Steven I. Marcus
    Pages 157-179
  7. Héctor Jasso-Fuentes, George Yin
    Pages 203-223
  8. Richard H. Stockbridge, Chao Zhu
    Pages 283-299

About this book

Introduction

Compiled in honor of Onésimo Hernández-Lerma, this volume offers a broad presentation of the main concepts, techniques, and methodologies in the fields of optimization and control of stochastic systems. At the same time, the book provides an overview of their wide-ranging applications and theoretical developments. These topics include various aspects of dynamic programming, discounted and average optimality criteria for discrete- and continuous-time control processes, approximation algorithms, optimal stopping, and games.

The work comprises 18 carefully selected papers written by experts in their respective fields, and explores five major themes:

* discrete-time Markov control processes;
* several optimality criteria;
* applications in inventory systems and finance;
* stochastic optimal control problems for diffusion;
* optimization.

This book will be a valuable resource for all practitioners, researchers, and professionals in applied mathematics and operations research who work in the areas of stochastic control, mathematical finance, queueing theory, and inventory systems. It may also serve as a supplemental text for graduate courses in optimal control and its applications.

Keywords

Markov control processes applications in mathematical finance dynamic games infinite-dimensional linear programming manufacturing systems operations research queueing networks stochastic optimal control

Editors and affiliations

  • Daniel Hernández-Hernández
    • 1
  • J. Adolfo Minjárez-Sosa
    • 2
  1. 1., Department of Probability and StatisticsCenter for Research in MathematicsGuanajuatoMexico
  2. 2., Department of MathematicsUniversity of SonoraHermosilloMexico

Bibliographic information

  • DOI https://doi.org/10.1007/978-0-8176-8337-5
  • Copyright Information Springer Science+Business Media, LLC 2012
  • Publisher Name Birkhäuser, Boston
  • eBook Packages Mathematics and Statistics
  • Print ISBN 978-0-8176-8336-8
  • Online ISBN 978-0-8176-8337-5
  • About this book