4,169 research outputs found

    Optimal stopping problems with regime switching: a viscosity solution method

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    We employ the viscosity solution technique to analyze optimal stopping problems with regime switching. Specifically, we obtain the viscosity property of value functions, the uniqueness of viscosity solutions, the regularity of value functions and the form of optimal stopping intervals. Finally, we provide an application of the results.Comment: 29 pages, 1 figur

    Entry-exit decisions with implementation delay under uncertainty

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    summary:We employ a natural method from the perspective of the optimal stopping theory to analyze entry-exit decisions with implementation delay of a project, and provide closed expressions for optimal entry decision times, optimal exit decision times, and the maximal expected present value of the project. The results in conventional research were obtained under the restriction that the sum of the entry cost and exit cost is nonnegative. In practice, we may meet cases when this sum is negative, so it is necessary to remove the restriction. If the sum is negative, there may exist two trigger prices of entry decision, which does not happen when the sum is nonnegative, and it is not optimal to enter and then immediately exit the project even though it is an arbitrage opportunity

    Multivariate analysis of elements in chinese brake fern as determined using neutron activation analysis

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    A Novel QoS Guarantee Mechanism in IEEE 802.16 Mesh Networks

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    IEEE 802.16 defines perfect QoS (Quality of Service) guarantee mechanism in PMP (Point to Multi-Point) mode and denotes mesh mode cannot provide this capability. To resolve this problem of WiMAX Mesh network, a novel QoS guarantee mechanism including protocol process and minislot allocation algorithm is proposed. This mechanism uses existing service classes in original standard. Protocol processes that manage dynamic service flow are defined. WiMAX MAC layer is re-designed to support service classification in mesh mode. Using extended distributed scheduling messages, the delivery method of dynamic service management messages in WiMAX mesh networks is implemented. Minislot allocation algorithm is given to support data scheduling of various services. Service establishment time is analyzed in this paper. The simulation result shows that the mechanism can provide QoS in WiMAX mesh networks effectively

    The Semantic Web-Based Collaborative Knowledge Management

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