How Long to Read Controlled Markov Processes and Viscosity Solutions

How Long Does it Take to Read Controlled Markov Processes and Viscosity Solutions?

It takes the average reader 7 hours and 21 minutes to read Controlled Markov Processes and Viscosity Solutions by Wendell Helms Fleming

Assuming a reading speed of 250 words per minute. Learn more

Description

This book is intended as an introduction to optimal stochastic control for continuous time Markov processes and to the theory of viscosity solutions. The authors approach stochastic control problems by the method of dynamic programming. The text provides an introduction to dynamic programming for deterministic optimal control problems, as well as to the corresponding theory of viscosity solutions. A new Chapter X gives an introduction to the role of stochastic optimal control in portfolio optimization and in pricing derivatives in incomplete markets. Chapter VI of the First Edition has been completely rewritten, to emphasize the relationships between logarithmic transformations and risk sensitivity. A new Chapter XI gives a concise introduction to two-controller, zero-sum differential games. Also covered are controlled Markov diffusions and viscosity solutions of Hamilton-Jacobi-Bellman equations. The authors have tried, through illustrative examples and selective material, to connect stochastic control theory with other mathematical areas (e.g. large deviations theory) and with applications to engineering, physics, management, and finance.; In this Second Edition, new material on applications to mathematical finance has been added. Concise introductions to risk-sensitive control theory, nonlinear H-infinity control and differential games are also included.

How long is Controlled Markov Processes and Viscosity Solutions?

Controlled Markov Processes and Viscosity Solutions by Wendell Helms Fleming is 428 pages long, and a total of 110,424 words.

This makes it 144% the length of the average book. It also has 135% more words than the average book.

How Long Does it Take to Read Controlled Markov Processes and Viscosity Solutions Aloud?

The average oral reading speed is 183 words per minute. This means it takes 10 hours and 3 minutes to read Controlled Markov Processes and Viscosity Solutions aloud.

What Reading Level is Controlled Markov Processes and Viscosity Solutions?

Controlled Markov Processes and Viscosity Solutions is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Controlled Markov Processes and Viscosity Solutions?

Controlled Markov Processes and Viscosity Solutions by Wendell Helms Fleming is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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