This paper presents a bi-level approach to support retailers in making investment decisions in renewable-based systems to provide clean electricity. The proposed model captures the strategic nature of the problem and combines capacity sizing decisions for installed technologies with pricing...

We consider the financial hedging problem of a firm whose operational cash flow from its inventory operation is affected by both price and demand uncertainties. We assume that selling prices and demand arrival process are governed by an exogenous continuous stochastic price process which is...

In this note, we propose an estimator for continuous-choice dynamic structural models. Our approach expands the class of models that can be estimated using the GMM methods in Hansen and Singleton (1982) by leveraging a theoretical result on stochastic Euler equations from Acemoglu (2009). We...

This paper introduces the probabilistic formulation of continuous-time economic models: forward stochastic differential equations (SDE) govern the dynamics of backward-looking variables, and backward SDEs capture that of forward-looking variables. Deep learning streamlines the search for the...

ABSTRACT. Using a powerful technique of stochastic time change, we introduce a new two factor commodity price model, where one of the fundamental factors is the activity rate of the stochastic clock. This factor implicitly introduces stochastic volatility into the model. The model is developed...

The study deals with stochastic dynamic mass spectrometric 3D structural analysis of (rac)-1-and 2-phenylethylamines determining enantiomers, positional isomers and molecular isotopologies, respectively. High resolution electrospray ionization mass spectrometric, high accuracy static and...

Artificial Intelligence (AI) models have been recently studied in finance to discover data patterns. However, generative AI, particularly in image synthesis, remains relatively unexplored. In this paper, we investigate the potential of generative AI to model unknown dynamics using stock chart...

This paper presents an investigation into a random walk on a cycle graph with restricted forward movement at most $m$ steps, known as the forward jump random walk. The study derives precise formulas for the probability mass function of the arriving state, the hitting time, and its expected value...

In the landmark article [MSTW17], Müller et. al. introduced the notion of fractional stochastic dominance (SD) to interpolate between first and second SD relations. In this article, we introduce a novel family of multi-fractional stochastic orders that generalizes fractional SD in a natural...

We obtain an invariance principle for the two-dimensional Brownian sheet where the underlying random field need not be independent or stationary. We also provide a basic demonstration of its application towards spatial unit root testing