Stochastic Models of Control and Economic Dynamics

by V.I. Arkin, M.A.H. Dempster, I.V. Evstigneev

This book is devoted to a specific problem in the general theory of automatic control -- sequential control under conditions of incomplete information. The main results concern the case in which at each moment of (continuous) time only a finite number of controls are admissible and the results of control action are represented by realizations of random variables whose distributions at a given control correspond to one of several alternative hypotheses. The analysis is conducted in a Bayesian framework.

216 pages, Hardcover

Published February 11, 1987