Results 61 to 70 of about 1,220,533 (174)

Numerical solution of discretised HJB equations with aplications in finance [PDF]

, 2011
We consider the numerical solution of discretised Hamilton-Jacobi-Bellman (HJB) equations with applications in finance. For the discrete linear complementarity problem arising in American option pricing, we study a policy iteration method.
Witte, Jan Hendrik
core   +1 more source

Representation of Forward Performance Criteria with Random Endowment via FBSDE and Its Application to Forward Optimized Certainty Equivalent

Mathematical Finance, EarlyView.
ABSTRACT We extend the notion of forward performance criteria to settings with random endowment in incomplete markets. Building on these results, we introduce and develop the novel concept of forward optimized certainty equivalent (forward OCE), which offers a genuinely dynamic valuation mechanism that accommodates progressively adaptive market model ...
Gechun Liang, Yifan Sun, Thaleia Zariphopoulou   +2 more
wiley   +1 more source

Image Restoration via the Integration of Optimal Control Techniques and the Hamilton–Jacobi–Bellman Equation

Mathematics
In this paper, we propose a novel image restoration framework that integrates optimal control techniques with the Hamilton–Jacobi–Bellman (HJB) equation.
Dragos-Patru Covei
doaj   +1 more source

Optimal control in an inventory management problem considering replenishment lead time based upon a non-diffusive stochastic differential equation

Journal of Advanced Mechanical Design, Systems, and Manufacturing, 2019
An inventory management problem is theoretically discussed for a factory having effects of lead times in replenishing the inventory, where it stocks materials used for its products.
Hiroaki T.-KANEKIYO, Shinjiro AGATA
doaj   +1 more source

Viscosity Solutions of Hamilton-Jacobi Equations in Infinite Dimensions. VII. The HJB Equation Is Not Always Satisfied [PDF]

, 1994
Let A = −Δ with domain H10(Ω)∩H2(Ω) where Ω is open, smooth, and bounded. Run the state equation dXt/dt + AXt = αt with the control α and the initial value X0 = x in L2(Ω) to determine Xt.
Lions, P.L., Crandall, M.G.
core   +1 more source

Scaling of prehospital blood: A model describing impact on U.S. blood donors, distribution and cost

Transfusion, EarlyView.
Abstract Background Prehospital transfusion improves survival in traumatic and medical hemorrhage, but the blood supply implications of scaling this capability across U.S. emergency medical services (EMS) systems are unclear. Study Design and Methods We developed an analytic model incorporating national estimates of prehospital transfusion demand, EMS ...
Pampee P. Young, David Wood, John B. Holcomb, Donald H. Jenkins, Matthew J. Levy   +4 more
wiley   +1 more source

Optimized Lipid Nanoparticles with Tail‐Modified Ionizable Lipids for Safer mRNA Delivery

Advanced Science, Volume 13, Issue 55, 5 October 2026.
Systematic engineering of hydrophobic tail architecture in vitamin B5‐derived ionizable lipids establishes a comprehensive structure–activity relationship framework for mRNA delivery. Combined lipidtail and formulation optimization identifies TM1‐OPT3‐C, a lipid nanoparticle platform that improves efficacy–safety balance through efficient mRNA delivery,
Seo‐Hyeon Bae, Jisun Lee, Jae‐Hun Ahn, Hosam Choi, Huijeong Choi, Jungmin Kim, Minho Kang, Ho Rim Oh, So Hyun Park, Eun Young Oh, Sanghyuk Jeon, Yeeun Lee, Yu‐Sun Lee, Na‐Young Lee, Hee‐Jin Bae, Jina Kwak, Jooil Kim, Nakyung Lee, Beomsun Kang, Ji‐Hye Kim, Eunsaem Song, Daesub Song, Hyunho Yoon, Sang‐Myeong Lee, Hyewon Youn, Kiyoun Lee, Byeong‐Cheol Kang, Jae‐Hwan Nam   +27 more
wiley   +1 more source

Mean-Variance Portfolio Selection for Defined-Contribution Pension Funds with Stochastic Salary

The Scientific World Journal, 2014
This paper focuses on a continuous-time dynamic mean-variance portfolio selection problem of defined-contribution pension funds with stochastic salary, whose risk comes from both financial market and nonfinancial market. By constructing a special Riccati
Chubing Zhang
doaj   +1 more source

Biology‐Related Research Relies Too Much on the Problematic Method of Significance Testing, Whereas There Are Good Alternatives

Journal of Chemometrics, Volume 40, Issue 10, October 2026.
ABSTRACT In biology, as in many other empirical sciences, drawing conclusions is often based on statistical analyses. Still, by far, the most common approach for this is null hypothesis significance testing, despite it falling short seriously on deciding what outcomes are biologically relevant.
Henk A. L. Kiers, Age K. Smilde, Harro J. Bouwmeester   +2 more
wiley   +1 more source

An Example of Solving HJB Equations Using Sparse Grid for Feedback Control [PDF]

, 2015
It is well known that solving the Hamilton-Jacobi- Bellman (HJB) equation in moderate and high dimensions (d > 3) suffers the curse of dimensionality.
Kang, Wei, Wilcox, Lucas
core   +3 more sources