In this paper we consider second order optimality conditions for a bilinear optimal control problem governed by a strongly continuous semigroup operator, the control entering linearly in the cost function. We derive first ...

Dupire's functional Ito calculus provides an alternative approach to the classical Malliavin calculus for the computation of sensitivities, also called Greeks, of path-dependent derivatives prices. In this paper, we introduce ...

When delegating governing tasks to a coalition partner, the president would like to give a minister ample administrative powers to be able to effectively accomplish the political mission. Due to information asymmetries, ...

This paper extends the idea of Brezinski's hybrid acceleration procedure, for the solution of a system of linear equations with a symmetric coefficient matrix of dimension n, to a new context called cooperative computation, ...

The development of a steam turbine dynamic model for full scope power plant simulators is described in this work. Model completeness is one of the main features of the model developed as it attempts to completely cover the ...

We derive error estimates for the piecewise linear finite element approximation of the Laplace–Beltrami operator on a bounded, orientable, (Formula presented.), surface without boundary on general shape regular meshes. As ...

Epidemic models describe the establishment and spread of infectious diseases. Among them, the SIR model is one of the simplest, involving exchanges between three compartments in the population, that represent respectively ...

We consider the Hammersley interacting particle system starting from a shock initial profile with densities (). The microscopic shock is taken as the position of a second-class particle initially at the origin, and the ...

This paper deals with the problem of how to use simple systemic risk measures to assess portfolio risk characteristics. Using three simple examples taken from previous literature, one based on raw and partial correlations, ...