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Optimal Mortgage Refinancing: A Closed Form Solution. [PDF]
We derive the first closed‐form optimal refinancing rule: refinance when the current mortgage interest rate falls below the original rate by at least urn:x-wiley:00222879:jmcb12017:equation:jmcb12017-math-0001In this formula W(.) is (the principal branch of) the Lambert W‐function, urn:x-wiley:00222879:jmcb12017:equation:jmcb12017-math-0002 urn:x ...
Agarwal S, Driscoll JC, Laibson DI.
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Similarity Measure Learning in Closed-Form Solution for Image Classification [PDF]
Adopting a measure is essential in many multimedia applications. Recently, distance learning is becoming an active research problem. In fact, the distance is the natural measure for dissimilarity. Generally, a pairwise relationship between two objects in
Jing Chen +5 more
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The present paper proposes a useful closed-form solution for a wide class of mechanical problems, among which one of the most relevant and debated is the deboning process of Fiber-Reinforced Polymer (FRP) strips glued to generic materials and possibly ...
Enzo Martinelli
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A Closed-Form Solution to Planar Feature-Based Registration of LiDAR Point Clouds
Since pairwise registration is a necessary step for the seamless fusion of point clouds from neighboring stations, a closed-form solution to planar feature-based registration of LiDAR (Light Detection and Ranging) point clouds is proposed in this paper ...
Yongbo Wang, Nanshan Zheng, Zhengfu Bian
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Portfolio choice with jumps: A closed-form solution
We analyze the consumption-portfolio selection problem of an investor facing both Brownian and jump risks. We bring new tools, in the form of orthogonal decompositions, to bear on the problem in order to determine the optimal portfolio in closed form. We show that the optimal policy is for the investor to focus on controlling his exposure to the jump ...
Yacine Ait-Sahalia
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Closed-Form Analytical Solutions for the Deflection of Elastic Beams in a Peridynamic Framework
Peridynamics is a continuum theory that operates with non-local deformation measures as well as long-range internal force/moment interactions. The resulting equations are of the integral type, in contrast to the classical theory, which deals with ...
Zhenghao Yang +3 more
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Modified Algebraic Riccati Equation Closed-Form Stabilizing Solution
A modified discrete-time algebraic Riccati equation (MARE) is a discrete-time algebraic Riccati equation (DARE) for which the quadratic term is weighted by a modifying parameter $\alpha $ .
Alejandro J. Rojas
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A Fast Solution Method to Economic Dispatch Type Problem
Economic dispatch (ED) aims to minimize the generation cost subject to power balance constraints. It is extensively used in power system operation and planning.
Chenjia Feng +2 more
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A closed-form solution to multi-level image thresholding
This paper proposes an analytical formulation relying on the least square error. Similar results were also found for the cross correlation, within-class, and between-class variance.
Salah Ameer
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Fast computation of the iteration-based simulation method - case study of non-coherent ask with shadowing [PDF]
This article presents a new method of fast symbolic computations of very complex calculations, which are necessary for the analysis, simulation, and design of wireless communication systems using CAS (Computer Algebra System).
Mladenović Vladimir +3 more
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