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Full-Text Articles in Business
Optimal Control: Theory And Application To Science, Engineering, And Social Sciences, Davide La Torre, Herb Kunze, Manuel Ruiz-Galan, Tufail Malik, Simone Marsiglio
Optimal Control: Theory And Application To Science, Engineering, And Social Sciences, Davide La Torre, Herb Kunze, Manuel Ruiz-Galan, Tufail Malik, Simone Marsiglio
Faculty of Business - Papers (Archive)
[extract] An optimal control problem entails the identification of a feasible scheme, policy, program, strategy, or campaign, in order to achieve the optimal possible outcome of a system. More formally, an optimal control problem means endogenously controlling a parameter in a mathematical model to produce an optimal output, using some optimization technique. The problem comprises an objective (or cost) functional, which is a function of the state and control variables, and a set of constraints. The problem seeks to optimize the objective function subject to the constraints construed by the model describing the evolution of the underlying system. The two …
Relation Between Trust Theory And Agency Theory, Shyam S. Bhati
Relation Between Trust Theory And Agency Theory, Shyam S. Bhati
Faculty of Business - Papers (Archive)
The global fmancial crisis (GFC) of 2008 has I:aised many issues in regard to the operations of business, particularly financial institutions. The most important issue is the loss of trust in the way financial institutions work. Some authors have called the economic crisis a crisis of trust (Eichengreen, 2009). Emst and Young (2011) have conducted a global survey of banking industry in the aftermath of GFC. They found that the banking industry in mature markets such as USA, UK, Germany, France and Italy has experienced a shift in customer confidence and trust whereas banking industry in emerging markets such as …