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Strini, Josef Anton

Josef Anton Strini analyzes a special stochastic optimal control problem. The problem under study arose from a dynamic cash management model in finance, where decisions about the dividend and financing policies of a firm have to be made. Additionally, using the dynamic programming approach, he extends the present discourse by the formal derivation of the Hamilton-Jacobi-Bellman equation and by examining the verification step carefully. Finally, the treatment is completed by solving the problem numerically.

Details

Published by: Springer Spektrum

Publication Date: 2019-03-19

Format: Paperback

ISBN-13: 9783658256906

DOI: 10.1007/978-3-658-25691-3

Dimensions: 210cm x148cm

Pages: 106