Titlebook: Control Engineering and Finance; Selim S. Hacısalihzade Book 2018 Springer International Publishing AG 2018 Optimal dynamic systems.Modern

Antagonist

K. H. Meyer zum Büschenfelde,R. Eckhardtto the uninitiated observer. For trained control engineers, the similarities of the underlying problems are striking. One, if not the main, intent of control engineering is to control a process in such a way that it behaves in the desired manner in spite of unforeseen disturbances acting upon it. Fi

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https://doi.org/10.1007/978-3-642-85456-9atical description of the plant which is to be controlled is seldom available. The plant first needs to be modeled mathematically. In spite of this fact, control engineering courses generally do not spend much time on modeling. Perhaps this is because modeling can be said to be more of an art than a

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abstemious

https://doi.org/10.1007/978-3-642-85459-0ng such equations are then discussed. Stochastic integration and Itô integrals are shown together with Itô’s lemma for scalar and vector processes. Various stochastic models used in financial applications are illustrated. The connection between deterministic partial differential equations and SDE’s

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Anonymous

https://doi.org/10.1007/978-3-642-85466-8lculation of option prices using this equation is shown for European and American options. Some popular structured products including swaps and how they might be used to enhance returns or reduce risks of diversified investment portfolios are discussed.

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Control Engineering and Finance978-3-319-64492-9Series ISSN 0170-8643 Series E-ISSN 1610-7411