A quadratic model for production-inventory planning was made famous by Holt, Modigliani, Muth, and Simon in 1960 in [3], especially for its application to a paint factory. A discrete control version of a related quadratic production-inventory model was studied by Kleindorfer, Kriebel, Thompson,...

This paper introduces continuous and discrete modern control theory, especially the free-end point versions of the maximum principle, to the field of finance. We shall not, however, go into the proofs and other mathematical details because they are available in the cited literature. Instead, we...

First-order necessary and sufficient conditions are obtained for the following quasilinear distributed-parameter optimal control problem:max{J(u)=IntF(x,u,t)dw IntG(x,t)dsigma},subject to the partial differential equationA(t)x =f(x, u, t),where t, u, G are vectors and x, F are scalars. Use is...