Search Results - subject:"Stochastic Control"

Optimal Harvesting Policies in a Depleted Fishery with Habitat Effect

Mota, Rui Pedro Matias Gama; Nichols, Rachel - 2022

Fishery managers face an ongoing challenge in managing commercial fisheries in a way which enables the short-term delivery of economic benefits to commercial fishers while also ensuring those benefits do not compromise the ability of fish stocks to deliver benefits into the future. This...

Persistent link: https://www.econbiz.de/10014241879

The dual approch in an infinite horizon model with a time-varying parameter

Amman, Hans M.; Tucci, Marco Paolo - 2022

Persistent link: https://www.econbiz.de/10014383483

Dual formulation of the optimal consumption problem with multiplicative habit formation

Kamma, Thijs; Pelsser, Antoon André Jean - 2022

Persistent link: https://www.econbiz.de/10013433524

A unifying framework for submodular mean field games

Dianetti, Jodi; Ferrari, Giorgio; Fischer, Markus; … - 2022

We provide an abstract framework for submodular mean field games and identify verifiable sufficient conditions that allow to prove existence and approximation of strong mean field equilibria in models where data may not be continuous with respect to the measure parameter and common noise is...

Persistent link: https://www.econbiz.de/10012803218

Continuous Time Stochastic Optimal Control : Lagrange-Chow Redux

Ewald, Christian-Oliver; Nolan, Charles - 2022

We show how the classical Lagrangian approach to solving constrained optimization problems from standard calculus can be extended to solve continuous time stochastic optimal control problem. Connections to mainstream approaches such as the Hamilton-Jacobi-Bellman equation and the stochastic...

Persistent link: https://www.econbiz.de/10013295408

Delta family approach for the stochastic control problems of utility maximization

Ma, Jingtang; Lu, Zhengyang; Cui, Zhenyu - 2022

In this paper, we propose a new approach for stochastic control problems arising from utility maximization. The main … approach to solving high-dimensional stochastic control problems. The backward recursive nature of the method also allows for … solving stochastic control and stopping problems, i.e. mixed control problems. We illustrate the method through solving some …

Persistent link: https://www.econbiz.de/10013295518

Asymptotically Optimal Control of a Stochastic Processing Network with DAG Jobs

Ozkan, Erhun - 2022

We study scheduling in a stochastic processing network where there are multiple job types, multiple homogeneous servers, and jobs are expressed as directed acyclic graphs (DAGs) of tasks. Our main motivation is the scheduling of cloud computing resources where customers express their requests as...

Persistent link: https://www.econbiz.de/10013296642

Mathematical Modeling of the Gaming Disorder Model with Media Coverage : Optimal Control Approach

kada, driss; Kouidere, Abdelfatah; Balatif, Omar; … - 2022

In this article, we propose a PEARM mathematical model to depict the dynamic of a population that reacts in the spread of the gaming disorder with media coverage. The basic reproduction number and existence of free equilibrium point and endimec equilibrium point are obtained with same...

Persistent link: https://www.econbiz.de/10013298530

Optimal Top- n Policy

Hafalir, Isa Emin; Pan, Siqi; Tomoeda, Kentaro - 2022

The efficacy of the widely-adopted “top-n” policy in university integration has been questioned because students strategically relocate to low-achieving high schools. We show that when different SES groups have heterogenous relocation costs, the policy can even segregate minorities from the...

Persistent link: https://www.econbiz.de/10013298853

A Stochastic Control Approach to Fight COVID-19

Hess, Markus - 2022

modeled by a continuous-time stochastic process which can be affected by a related stochastic control process. In our study …

Persistent link: https://www.econbiz.de/10013300009