Applied Stochastic Control of Jump Diffusions (Universitext)

Applied Stochastic Control of Jump Diffusions (Universitext)


Yazar Bernt Oksendal
Yayınevi Springer Berlin Heidelberg
ISBN 9783540698258
Baskı yılı 2010
Sayfa sayısı 276
Ağırlık 0.42 kg
Edisyon 2
Stok durumu Tükendi   

Here is a rigorous introduction to the most important and useful solution methods of various types of stochastic control problems for jump diffusions and its applications. Discussion includes the dynamic programming method and the maximum principle method, and their relationship. The text emphasises real-world applications, primarily in finance. Results are illustrated by examples, with end-of-chapter exercises including complete solutions. The 2nd edition adds a chapter on optimal control of stochastic partial differential equations driven by Levy processes, and a new section on optimal stopping with delayed information. Basic knowledge of stochastic analysis, measure theory and partial differential equations is assumed.
1 Stochastic calculus with jump diffusions 1
2 Optimal stopping of jump diffusions 27
3 Stochastic control of jump diffusions 45
4 Combined optimal stopping and stochastic control of jump diffusions 65
5 Singular control for jump diffusions 77
6 Impulse control of jump diffusions 91
7 Approximating impulse control by iterated optimal stopping 107
8 Combined stochastic control and impulse control of jump diffusions 123
9 Viscosity solutions 135
10 Optimal control of random jump fields and partial information control 161
11 Solutions of selected exercises 183