Elements of Dynamic Optimization
Author: Alpha C. Chiang
List Price: $63.95
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ISBN: 157766096X
Publisher: Waveland Press (23 December, 1999)
Sales Rank: 78,713
Average Customer Rating: 4.33 out of 5
Customer Reviews
Rating: 2 out of 5
Learn the stuff before writing a textbook
This book may be great for students. I has many good examples, is well written and generally looks good. HOWEVER, for anyone who actually knows optimal control theory it is clear that the book has several flaws. The worst example is the section on transversality conditions in infinite horizon problems. Chiang simply has no idea what he is talking about.
Rating: 4 out of 5
Better than any of the courses I had attented.
The book of professor Chiang is not simply a good introductory text to dynamic optimization in the continuous-time form, but also provides a tight explanation of the related original economic models. It is better than any of the courses most people had attented before. I wish a similar book will appear soon, developing dynamic optimization tools, and especially optimal control in the discret-time form.
Rating: 5 out of 5
Elements of Dynamic Optimization
Very few people have the quality of expressing ideas and concepts with such clarity and simplicity as Professor Chinag has done. If you are new to dynamic optimization, particularly calculus and variation and optimal control theory you had better start with this treatise. Similar Products
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