In this paper, we investigate the mean field games of N agents who are weakly coupled via the empirical measures. The underlying dynamics of the representative agent is assumed to be a controlled nonlinear diffusion process with variable coefficients. We show that individual optimal strategies...

In this paper, it was determined that all of the three-dimensional principal stresses increase with depth and that both the maximum and the minimum stresses tend to be aligned in the horizontal orientation. The numerical simulation model was built using the software FLAC<Superscript>3D</Superscript> to simulate two times,...</superscript>

Purpose Walking-aid exoskeletons can assist and protect effectively the group with lower limb muscle strength decline, workers, first responders and military personnel. However, there is almost no united control strategy that can effectively assist daily walking. This paper aims to propose a...

Purpose The purpose of this paper is to explore the influence of organizational culture (OC) on talent management (TM) by a case study of a real estate company. Design/methodology/approach The method of case study is adopted in the present study. Findings The authors present four propositions....

This article develops and empirically implements an arbitrage-free, dynamic term structure model with 'priced' factor and regime-shift risks. The risk factors are assumed to follow a discrete-time Gaussian process, and regime shifts are governed by a discrete-time Markov process with...

This paper has a two-fold purpose. First, we attempt to outline the development of the turnpike theorems in the last several decades. Second, we study turnpike theorems in finite-horizon two-person zero-sum Markov games on a general Borel state space. Utilising the Bellman (or Shapley) operator...

Fractional management companies (FMCs) that provide on-demand air travel services experience frequent changes in aircraft availability and flight requests. We propose scheduling heuristics which are both cost-effective and persistent (i.e., close to the original schedule) to address the...

Durable consumption growth is persistent and predicted by the price-dividend ratio. This provides strong and direct evidence for the existence of a highly persistent expected component. Durable consumption growth is left-skewed and exhibits time-varying volatility. I model durable consumption...