Learning Speed Enhancement of Iterative Learning Control with Advanced Output Data based on Parameter Estimation

Learning speed enhancement is one of the most important issues in learning control. If we can improve both learning speed and tracking performance, it will be helpful to the applicability of learning control. Considering these facts, in this paper, we propose a learning speed enhancement scheme for iterative learning control with advanced output data (ADILC) based on parameter estimation. We consider linear discrete-time non-minimum phase (NMP) systems, whose model is unknown, except for the relative degree and the number of NMP zeros. In each iteration, estimates of the impulse response are obtained from input-output relationship. Then, learning gain matrix is calculated from the estimates, and by using new learning gain matrix, learning speed can be enhanced. Simulation results show that the learning speed has been enhanced by applying the proposed method

Turbo Warrants under Hybrid Stochastic and Local Volatility

This paper considers the pricing of turbo warrants under a hybrid stochastic and local volatility model. The model consists of the constant elasticity of variance model incorporated by a fast fluctuating Ornstein-Uhlenbeck process for stochastic volatility. The sensitive structure of the turbo warrant price is revealed by asymptotic analysis and numerical computation based on the observation that the elasticity of variance controls leverage effects and plays an important role in characterizing various phases of volatile markets