Finite Generation of Canonical Ring by Analytic Method

In the 80th birthday conference for Professor LU Qikeng in June 2006 I gave a talk on the analytic approach to the finite generation of the canonical ring for a compact complex algebraic manifold of general type. This article is my contribution to the proceedings of that conference from my talk. In this article I give an overview of the analytic proof and focus on explaining how the analytic method handles the problem of infinite number of interminable blow-ups in the intuitive approach to prove the finite generation of the canonical ring. The proceedings of the LU Qikeng conference will appear as Issue No. 4 of Volume 51 of Science in China Series A: Mathematics (www.springer.com/math/applications/journal/11425)

Banach Analytic Sets and a Non-Linear Version of the Levi Extension Theorem

We prove a certain non-linear version of the Levi extension theorem for meromorphic functions. This means that the meromorphic function in question is supposed to be extendable along a sequence of complex curves, which are arbitrary, not necessarily straight lines. Moreover, these curves are not supposed to belong to any finite dimensional analytic family. The conclusion of our theorem is that nevertheless the function in question meromorphically extends along an (infinite dimensional) analytic family of complex curves and its domain of existence is a pinched domain filled in by this analytic family.Comment: 19 pages, This is the final version with significant corrections and improvements. To appear in Arkiv f\"or matemati

Capital Requirements and Optimal Investment with Solvency Probability Constraints

Quantifying economic capital and optimally allocating it into portfolios of financial instruments are two key topics in the asset–liability management of an insurance company. In general, these problems are studied in the literature by minimizing standard risk measures such as the value at risk and the conditional VaR. Motivated by Solvency II regulations, we introduce a novel optimization problem to solve for the optimal required capital and the portfolio structure simultaneously, when the ruin probability is used as an insurance solvency constraint. Besides the generic optimal required capital and portfolio problem formulation, we propose a two-model hierarchy of optimization models, where both models admit the so-called second-order conic reformulation, in turn making them particularly well suited for numerics. The first model, albeit naively asserting the normality of the returns on assets and liabilities, under minor further simplifications admits a closed-form solution—a set of formulas, which may be used as simple decision-making guidelines in the analysis of more complex scenarios. A potentially more realistic second model aims to represent the ‘heavy-tailed’ nature of an insurer's liabilities more accurately, while also allowing arbitrary distributions of asset returns via a semi-parametric approach. Extensive numerical simulations illustrate the sensitivity and robustness of the proposed approach relative to the model's parameters. In addition, we explore the potential of insurance risk diversification and discuss if combining several liabilities into a single insurance portfolio may always be beneficial for the insurer. Finally, we propose an extension of the model with an expected return on capital constraint added

Section Extension from Hyperbolic Geometry of Punctured Disk and Holomorphic Family of Flat Bundles

The construction of sections of bundles with prescribed jet values plays a fundamental role in problems of algebraic and complex geometry. When the jet values are prescribed on a positive dimensional subvariety, it is handled by theorems of Ohsawa-Takegoshi type which give extension of line bundle valued square-integrable top-degree holomorphic forms from the fiber at the origin of a family of complex manifolds over the open unit 1-disk when the curvature of the metric of line bundle is semipositive. We prove here an extension result when the curvature of the line bundle is only semipositive on each fiber with negativity on the total space assumed bounded from below and the connection of the metric locally bounded, if a square-integrable extension is known to be possible over a double point at the origin. It is a Hensel-lemma-type result analogous to Artin's application of the generalized implicit function theorem to the theory of obstruction in deformation theory. The motivation is the need in the abundance conjecture to construct pluricanonical sections from flatly twisted pluricanonical sections. We also give here a new approach to the original theorem of Ohsawa-Takegoshi by using the hyperbolic geometry of the punctured open unit 1-disk to reduce the original theorem of Ohsawa-Takegoshi to a simple application of the standard method of constructing holomorphic functions by solving the d-bar equation with cut-off functions and additional blowup weight functions

Cohomology of bundles on homological Hopf manifold

We discuss the properties of complex manifolds having rational homology of $S^1 \times S^{2n-1}$ including those constructed by Hopf, Kodaira and Brieskorn-van de Ven. We extend certain previously known vanishing properties of cohomology of bundles on such manifolds.As an application we consider degeneration of Hodge-deRham spectral sequence in this non Kahler setting.Comment: To appear in Proceedings of 2007 conference on Several complex variables and Complex Geometry. Xiamen. Chin