Search Results - subject:"control problem"

Ecosystem shifts : implications for groundwater management

Esteban, Encarna; Calvo, Elena; Albiac, José - In: Environmental and resource economics 79 (2021) 3, pp. 483-510

Persistent link: https://www.econbiz.de/10012588209

Ruin probability in a two-dimensional model with correlated Brownian motions

Grandits, Peter; Klein, Maike - In: Scandinavian actuarial journal 2021 (2021) 5, pp. 362-379

Persistent link: https://www.econbiz.de/10012588338

Competitive Harvesting of a Renewable Common Resource : A Non-cooperative Stochastic Impulse Control Game

Kwon, H. Dharma - 2022

We examine a game of harvesting a renewable common resource and investigate the ramifications of competition. We formulate the problem as an impulse control game between two competing harvesters and devise a new formulation of closed-loop impulse control strategies. In the case of non-zero setup...

Persistent link: https://www.econbiz.de/10014077474

The Economic Cost of Social Distancing During a Pandemic : An Optimal Control Approach in the SVIR Model

Ramponi, Alessandro; Tessitore, Maria Elisabetta - 2022

We devise a theoretical model for the optimal dynamical control of an infectious disease whose diffusion is described by the SVIR compartmental model. The control is realized through implementing social rules to reduce the disease’s spread, which often implies substantial economic and social...

Persistent link: https://www.econbiz.de/10014078707

An optimal control algorithm is developed based on a generalised Gauss-Newton algorithm using analytic model derivatives. This is implemented in WinSolve

Pierse, Richard G. - 2022

In this paper we propose an algorithm for the solution of optimalcontrol problems with nonlinear models based on a generalised Gauss-Newton algorithm but making use of analytic model derivatives. Themethod is implemented in WinSolve, a general nonlinear model solution program

Persistent link: https://www.econbiz.de/10014079740

Optimal dividends for a two-dimensional risk model with simultaneous ruin of both branches

Strietzel, Philipp Lukas; Heinrich, Henriette Elisabeth - In: Risks : open access journal 10 (2022) 6, pp. 1-23

surplus of one branch may become negative. More specific, we solve the stochastic control problem of maximizing discounted … the optimal strategy lies within a certain subclass of all admissible strategies and reduce the two-dimensional control … problem to a one-dimensional one. The results are illustrated by a numerical example and Monte Carlo simulated value functions. …

Persistent link: https://www.econbiz.de/10013363123

Convex monotone semigroups and their generators with respect to Г-convergence

Blessing, Jonas; Denk, Robert; Kupper, Michael; Nendel, Max - 2022

We study semigroups of convex monotone operators on spaces of continuous functions and their behaviour with respect to Г-convergence. In contrast to the linear theory, the domain of the generator is, in general, not invariant under the semigroup. To overcome this issue, we consider different...

Persistent link: https://www.econbiz.de/10012880662

Synthesis of the Algorithm for the Flow Parameters Optimal Control of the Reversible Conveyor

Pihnastyi, Oleh; Ivanovska, Olha; Sobol, Maksym - 2022

Context. The problem of optimal control of flow parameters of a conveyor-type transport system containing sections with reversible conveyors is considered. The object of the stady was an analytical model of a reversible transport conveyor for synthesizing an algorithm for optimal control of the...

Persistent link: https://www.econbiz.de/10014030295

Learning a functional control for high-frequency finance

Leal, Laura; Lauriere, Mathieu; Lehalle, Charles-Albert - In: Quantitative finance 22 (2022) 11, pp. 1973-1987

Persistent link: https://www.econbiz.de/10013490928

An optimal control of smuggling

Nawaz, Nasreen - In: Global economy journal : GEJ 22 (2022) 1, pp. 1-54

Persistent link: https://www.econbiz.de/10013556992