In this paper we study BSDEs arising from a special class of backward stochastic partial differential equations (BSPDEs) that is intimately related to utility maximization problems with respect to arbitrary utility functions. After providing existence and uniqueness we discuss the numerical...

We consider a basic duplex system characterized by warm standby and attended by two general heterogeneous repairmen. In order to derive computational results for the point availability of the engineering system, we first employ a stochastic process endowed with time-dependent transition measures...

In this article, we propose a computational method for solving the Lighthill–Whitham–Richards (LWR) partial differential equation (PDE) semi-analytically for arbitrary piecewise-constant initial and boundary conditions, and for arbitrary concave fundamental diagrams. With these assumptions,...

In this paper we study BSDEs arising from a special class of backward stochastic partial differential equations (BSPDEs) that is intimately related to utility maximization problems with respect to arbitrary utility functions. After providing existence and uniqueness we discuss the numerical...

A mathematical model that describes the dynamics of the heat transfer in an inflatable-tunnel solar collector for air heating is proposed and validated. The model is distributed-parameters, one-dimensional and unsteady-state. It considers the thermal inertia of a pebble bed acting as the...