described in the simplest mathematical terms, highlighting threads of common mathematical theory in the various topics. Features … problems, with full solutions, and exercises to illustrate the theory and applications; key learning objectives and self …

1. What is Optimal Control Theory? -- 2. The Maximum Principle: Continuous Time -- 3. The Maximum Principle: Mixed …This new 4th edition offers an introduction to optimal control theory and its diverse applications in management … by combining dynamic programming and Kuhn-Tucker theory. While some mathematical background is needed, the emphasis of …