Different from traditional methods, this paper formulates the logit-based stochastic dynamic user optimal (SDUO) route choice problem as a fixed point (FP) problem in terms of intersection movement choice probabilities, which contain travelers’ route information so that the realistic effects...

We consider a discrete time version of the popular optimal dividend payout problem in risk theory. The novel aspect of our approach is that we allow for a risk averse insurer, i.e., instead of maximising the expected discounted dividends until ruin we maximise the expected utility of discounted...