Titlebook: Dynamic Policies of the Firm; An Optimal Control A Onno Hilten,Peter M. Kort,Paul J. J. M. Loon Book 1993 Springer-Verlag Berlin Heidelberg

dialect

Some PredecessorsIn this chapter we deal in greater detail with some models that have been considered by other authors and that are expanded in the next chapters. This may familiarize the reader with alternative ways of modelling the salient features of the firm and with their impact on the optimal trajectories.

Melodrama

instate

Production, Finance and Investment When Demand is Uncertainossible dividend payout. Hence, if the level of future sales is uncertain the firm’s cash management is an important aspect of the firm’s policy. In deterministic models there is no reason to keep cash, because (operating and investment) expenses can be planned such that they never exceed future (kn

甜食

Curmudgeon

s on micro economics, even more specific: on Theory of the Firm. In that way this book is contrasted from such famous text books in applied Optimal Control with a much broader portfolio of applications, like Feichtinger & Hartl (1986) or with a more rigorous introduction into theory, like Seierstad & Sydsaete978-3-642-77886-5978-3-642-77884-1

雜色

Investment and Financeent behaviour. Furthermore we show that the net present value method, which is a concept that is used within static economic theory to value investment projects, can also be adopted within dynamic theory to explain optimal investment behaviour.

Inelasticity

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Definitive

Production, Pollution, Finance and Investmentc and social policy. From the economist’s point of view, the environment has become a scarce commodity. Consequently, environmental use is an allocation problem (Siebert [1987]) and should be taken into consideration by economic theory. Actually, more and more books are devoted to environmental econ

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