Josef Anton Strini analyzes a special stochastic optimal control problem. The problem under
study arose from a dynamic cash management model in finance where decisions about the dividend
and financing policies of a firm have to be made. Additionally using the dynamic programming
approach he extends the present discourse by the formal derivation of the
Hamilton-Jacobi-Bellman equation and by examining the verification step carefully. Finally the
treatment is completed by solving the problem numerically.
