Titlebook: International Finance and Financial Crises; Essays in Honor of R Peter Isard,Assaf Razin,Andrew K. Rose Book 1999 Springer Science+Business

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Robert J. Hodrick,David Tat-Chee Ng,Paul SengmuellerDPS may be regarded as a high-level speci?cation language, not a conventional procedural computer programming language, but which can be used to obtain numerical solutions. (2)Wethende?neandexaminepropertiesofBellmannets,aclassofPetri nets that serves both as a formal theoretical model of dynamic pr

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Peter Isard,Douglas Laxton,Ann-Charlotte Eliasson the optimal management of a resource can be derived using the logic of dynamic programming, taking as a starting point the usual economic definition of the value of a resource which is optimally managed through time. This is set out in Chapter I for a general resource problem with the minimum of ma

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the optimal management of a resource can be derived using the logic of dynamic programming, taking as a starting point the usual economic definition of the value of a resource which is optimally managed through time. This is set out in Chapter I for a general resource problem with the minimum of ma