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Language EnglishEnglish
Book Paperback
Book Optcon2 Viktoria Blüschke-Nikolaeva
Libristo code: 06888877
This book considers the OPTCON2 algorithm which delivers numerical solutions to optimum control prob... Full description
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This book considers the OPTCON2 algorithm which delivers numerical solutions to optimum control problems with a quadratic objective function for nonlinear dynamic econometric models with additive and multiplicative (parameter) uncertainties. The algorithm was programmed in C and allows for deterministic and stochastic control, the latter with open-loop and passive learning (open-loop feedback) information patterns. The applicability of the algorithm is demonstrated by experiments with two existing models, MacRae and Abel, as well as two new macroeconomic models, SLOVNL and SLOVL, which were developed for the purposes of this research. These illustrate the convergence and the practical usefulness of the algorithm and (in most cases) the superiority of open-loop feedback over open-loop controls.

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About the book

Full name Optcon2
Language English
Binding Book - Paperback
Date of issue 2013
Number of pages 72
EAN 9783838136363
ISBN 3838136365
Libristo code 06888877
Weight 118
Dimensions 152 x 229 x 4
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