During the middle and later stages of condensate gas field development, the flow rate and pressure of the light hydrocarbon recovery system gradually decrease, and there is a certain deviation between the design parameters and the actual operation parameters of the equipment, resulting in a...

We provide a closed-form solution to an optimal investment and consumption problem for a constant absolute risk aversion (CARA) agent, who faces execution costs when trading correlated risky assets with return predictability. The optimal investment strategy indicates that the agent should trade...