Dynamic Investment Planning (Routledge Revivals)

<p>In dynamic investment planning the time of investment is a significant issue. By simplifying the mathematical notation the author of this book seeks to make control theory a practical tool that can be applied to the problem of timing. </p><p>The book first published in 1977 begins with an introduction to one important approach to control theory – dynamic programming. Then some of the relevant literature that deals with investment decision-making is reviewed. This is followed by a mathematically formulated planning model. The computational aspects of the model are discussed and a complete computer flow chart is given. </p><p>The second part of the book gives a thorough application of the theory by means of a detailed case study – the planning of a steel industry. The case study illustrates how a fairly abstract dynamic analysis can be effectively integrated with practical decision-making concerns. </p><p>This book is ideal for students of economics and business. </p>