Introductory Optimization Dynamics

This book presents the Calculus of Variations and Optimal
Control Theory illustrating the analysis with examples from
Economics and Management Science. Topics are treated in the
simplest possible way. Students are takenfrom scratch to a
fairly good mastery of these dynamic optimisation tools for
the purpose of reading the literature and doing research
requiring these tools.
The most important features of the book are the simplicity
and thoroughness of presentation. Students working at the
book systematically will acquire a fairly good knowledge of
the field and, knowing how results have been derived, they
would be in a position to apply, modify and even extend
these standard results to the problems under investigation.
The new edition has two new chapters, Chapter 11 on
Differential Games, which would be useful for students
working in Industrial Organisation, and Chapter 12 on
Stability of Optimal Control, which contains new results.