closed-form optimal solution
Optimal Mortgage Refinancing: A Closed Form Solution
... We thank Michael Blank, Lauren Gaudino, Emir Kamenica, Nikolai Roussanov, Dan Tortorice, Tim Murphy, Kenneth Weinstein and Eric Zwick for excellent research assistance. We are particularly grateful to Fan Zhang who ...
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On the use and improvement of Hull and White’s control variate technique
... not optimal to use the entire error of a control variate against its known price (usually a closed-form solution) to correct and improve the unknown error of the unknown price of a complex op- ...
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Optimal Foreign Exchange Risk Hedging: Closed Form Solutions Maximizing Leontief Utility Function
... the optimal single FX risk hedging solution and theory to the multiple FX rates and suggest its application method in the business ...generalized optimal hedging method of sell- ing/buying of ...
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An integrated lot-sizing model for imperfect production with multiple disposals of defective items
... an optimal integrated vendor-buyer inventory model with defective items is ...obtain closed-form expressions. A solution procedure is used to derive the optimal order quantity, the ...
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Closed Form Solution for Outage and Average Bit Error Rate of Asymmetric Relaying System
... A huge number of literatures present the modeling and analysis of relay based wireless communication system. For enhancing the performance of wireless communication system, use of full duplex relay was suggested in [1]. ...
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Closed form solution for minimizing power consumption in coordinated transmissions
... the optimal power allocation policy of the above schemes often leads to the form of a WF ...obtain closed-form solutions or prac- tical ...
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A closed form solution to Stollery's global warming problem with temperature in utility
... the optimal paths in this problem can only be asymptotically e¢cient because the standard Hotelling rule ( = 0) as a necessary e¢ciency condition 8 is satis…ed only with t ! ...
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Approximate closed-form solution for solar sail spiral trajectories with sail degradation
... the optimal fixed sail pitch angle required to maximize the inner and outer radius of the annulus differs from the usual sail pitch angle which maximizes the transverse component of sail ...
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An improved closed-form solution for the constrained minimization of the root of a quadratic functional
... an optimal investment portfolio when risk measures that are translation-invariant and positive-homogeneous are used and when investment return dis- tributions are elliptical [4, 5, ...onto closed convex ...
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Closed form solution for dynamic of sustainable tourism
... dt = −ϑR(t) 0 < ϑ < 1 (2) which expresses the value of E(t) that decreases as a function of a intensity pro- portional to the exploitation of tourists. Indeed, the exhaustible resources show a generational problem: ...
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Optimal Mortgage Refinancing: A Closed Form Solution
... Our closed form solution has the disadvantage that we need to make several simpli- fying assumptions — ...hand, closed-form solutions are transparent, tractable, and easily verified — ...
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A Model of Economic Growth with Public Finance: Dynamics and Analytic Solution
... a closed form solution for the optimal shares of consumption, capital accumulation, taxes and composition of the two different public expenditures which maximize a representative household's ...
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Closed form transient solution of continuous time Markov chains through uniformization
... The experiments have been done using an M/M/1/N queue, where N ≥ 1 is the system capacity. This queue has also been used by other authors in similar numerical experiments [20], [7]. Several reasons justify this choice. ...
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Spectrum Sensing For Cognitive Radios Through Differential Entropy
... Goodness-of-Fit Tests (GoFT) for Spectrum Sensing (SS) has received considerable attention in the recent past [2–6]. This approach may be gainfully employed in Cognitive Radio (CR) when a proper knowledge of the primary ...
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A NEW MODIFIED APPROACH USING BEST CANDIDATES METHOD FOR SOLVING LINEAR ASSIGNMENT PROBLEMS
... There is an increasing awareness among modern business, engineers, managers, and planners to design and operate their systems even to minimize cost, or to maximum profit (maximum efficiency/business benefits). ...
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On the Closed-Form Solution of a Nonlinear Difference Equation and Another Proof to Sroysang’s Conjecture
... where p > 0 and q > 0, through an analytical approach and not with the usual induction method. This, in turn, provides a theoretical explanation of the result presented in [25, Theorem 1] concerning the ...
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The relationship between conditional value at risk and option prices with a closed-form solution
... In this paper we derived a simple, closed form and analytic relationship between CVaR and European options. We discussed the significance of the equation and relationship, in particular with respect to ...
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A CLASS OF SYNCHRONIZED NONLINEAR TWO-DOF SYSTEMS WITH CLOSED FORM SOLUTION
... The discussion is followed with introducing a simple linear SDOF (Single Degree Of Freedom) sys- tem. In view of the simplicity, the linear system is changed to a nonlinear SDOF system with exact closed- ...
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ENERGY EFFICIENCY FOR MOBILE USING CLOUD AND STOCHASTIC WIRELESS CHANNEL WITH DEADLINE J. Jayashri Mahendra Boopathi
... the optimal scheduling of input data transmission in order to achieve the minimum energy consumption on the mobile ...no closed-form expression between time delay and the power in the wireless ...
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Buckling and Post-buckling Analysis of FG-CNTRC Beams: An Exact Closed Form Solution
... According to the literature, buckling and post-buckling behavior of CNTRC beams have been studied by some researchers, but to the best of the authors’ knowledge, no exact closed form solutions are ...
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