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RISK MINIMIZATION BY LINEAR FEEDBACK

RISK MINIMIZATION BY LINEAR FEEDBACK This paper offers an introduction to dynamic economic planning under uncertainty, i.e. the use of econometric models together with mathematical optimization methods for the analysis and quantitative determination of optimal economic policies. The corresponding basic methodology optimal feedback stochastic control of linear econometric models given a quadratic cost functional is presented with particular regard to its practical application. The method is then applied for demonstration purposes to an econometric model of the Federal Republic of Germany. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Kybernetes Emerald Publishing

RISK MINIMIZATION BY LINEAR FEEDBACK

Kybernetes , Volume 8 (3): 14 – Mar 1, 1979

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References (4)

Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0368-492X
DOI
10.1108/eb005519
Publisher site
See Article on Publisher Site

Abstract

This paper offers an introduction to dynamic economic planning under uncertainty, i.e. the use of econometric models together with mathematical optimization methods for the analysis and quantitative determination of optimal economic policies. The corresponding basic methodology optimal feedback stochastic control of linear econometric models given a quadratic cost functional is presented with particular regard to its practical application. The method is then applied for demonstration purposes to an econometric model of the Federal Republic of Germany.

Journal

KybernetesEmerald Publishing

Published: Mar 1, 1979

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