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Focusing on the optimization of economic and financial models, this book addresses the social choice problem and the conditions under which optimal states are achieved. It explores advanced techniques, including relaxation of traditional convex assumptions and introduces concepts like invex and quasimax. The text covers multiobjective optimal control models and their applications in economic growth, finance, and sustainability. Additionally, it presents a new computer program, SCOM, designed for computing social choice models through optimal control, enhancing the toolkit for economic modeling.
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Optimization in Economics and Finance, Bruce D. Craven, Sardar M. N. Islam
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- Released
- 2011
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- (Paperback)
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