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For an $\cF_T$-measurable payoff of a European type contingent claim, the recursive utility process/dynamic risk measure can be described by the adapted solution to a backward stochastic differential equation (BSDE). However, for an…

Probability · Mathematics 2019-12-24 Hanxiao Wang , Jingrui Sun , Jiongmin Yong

This paper is concerned with a class of controlled singular Volterra integral equations, which could be used to describe problems involving memories. The well-known fractional order ordinary differential equations of the Riemann--Liouville…

Optimization and Control · Mathematics 2017-12-19 Ping Lin , Jiongmin Yong

We study the problem of optimal control of a coupled system of forward-backward stochastic Volterra equations. We use Hida-Malliavin calculus to prove a sufficient and a necessary maximum principle for the optimal control of such systems.…

Optimization and Control · Mathematics 2017-09-18 Nacira Agram , Bernt Øksendal , Samia Yakhlef

In this paper, we prove both necessary and sufficient maximum principles for infinite horizon discounted control problems of stochastic Volterra integral equations with finite delay and a convex control domain. The corresponding adjoint…

Optimization and Control · Mathematics 2023-03-15 Yushi Hamaguchi

The paper is devoted to a stochastic optimal control problem for a two scale, infinite dimensional, stochastic system. The state of the system consists of slow and fast component and its evolution is driven by both continuous Wiener noises…

Optimization and Control · Mathematics 2024-01-17 Elena Bandini , Giuseppina Guatteri , Gianmario Tessitore

We associate backward and forward Kolmogorov equations to a class of fully nonlinear Stochastic Volterra Equations (SVEs) with convolution kernels $K$ that are singular at the origin. Working on a carefully chosen Hilbert space…

Probability · Mathematics 2025-09-29 Ioannis Gasteratos , Alexandre Pannier

We study solutions of a class of one-dimensional continuous reflected backward stochastic Volterra integral equations driven by Brownian motion, where the reflection keeps the solution above a given stochastic process (lower obstacle). We…

Probability · Mathematics 2020-04-27 Nacira Agram , Boualem Djehiche

In this paper we study set-valued Volterra-type stochastic integrals driven by L\'{e}vy processes. Upon extending the classical definitions of set-valued stochastic integral functionals to convoluted integrals with square-integrable…

Probability · Mathematics 2024-12-04 Weixuan Xia

This paper contains a study on stochastic Volterra integral equations with fuzzy sets-values and involving on a constant retardation. Moreover, the form of the equation is symmetric in the sense that fuzzy stochastic integrals are placed on…

Probability · Mathematics 2024-10-22 Marek T. Malinowski

In this paper, we study the optimal control problem with terminal and inequality state constraints for state equations described by Volterra integral equations having singular and nonsingular kernels. The singular kernel introduces abnormal…

Optimization and Control · Mathematics 2022-06-09 Jun Moon

In this paper, our work is devoted to studying Volterra type McKean-Vlasov stochastic differential equations with singular kernels. Firstly, the well-posedness of Volterra type McKean-Vlasov stochastic differential equations are…

Probability · Mathematics 2023-11-14 Shanqi Liu , Hongjun Gao

In this paper, we consider the Euler method for backward stochastic Volterra integral equations. First, we approximate the original equation by a family of backward stochastic equations (BSDEs, for short). Then we solve the BSDEs by the…

Numerical Analysis · Mathematics 2016-05-17 Yanqing Wang

In this paper, we formulate and investigate the notion of causal feedback strategies arising in linear-quadratic control problems for stochastic Volterra integral equations (SVIEs) with singular and non-convolution-type coefficients. We…

Optimization and Control · Mathematics 2024-12-30 Yushi Hamaguchi , Tianxiao Wang

In this paper, we study the stochastic Volterra integral equation driven by $G$-Brownian motion ($G$-SVIE). The existence, uniqueness and two types of continuity of the solution to $G$-SVIE are obtained. Moreover, combining a new…

Probability · Mathematics 2025-05-01 Bingru Zhao , Renxing Li , Mingshang Hu

In this paper, we introduce a new type of backward stochastic differential equations (BSDEs) with infinite anticipation, where the generator depends on the entire future values of the solution in infinite horizon. We show that the new BSDEs…

Probability · Mathematics 2025-11-20 Guanwei Cheng , Shuzhen Yang

We study a class of infinite-dimensional singular stochastic control problems with applications in economic theory and finance. The control process linearly affects an abstract evolution equation on a suitable partially-ordered…

Optimization and Control · Mathematics 2019-04-26 Salvatore Federico , Giorgio Ferrari , Frank Riedel , Michael Röckner

This paper is concerned with an optimal control problem for a forward-backward stochastic differential equation (FBSDE, for short) with a recursive cost functional determined by a backward stochastic Volterra integral equation (BSVIE, for…

Optimization and Control · Mathematics 2022-09-20 Hanxiao Wang , Jiongmin Yong , Chao Zhou

In this work, we establish a comparison principle for stochastic Volterra equations with respect to the initial condition and the drift $b$ applicable to a wide class of Volterra kernels and input curves $g$ that may be singular at zero.…

Probability · Mathematics 2025-09-26 Ole Cañadas , Martin Friesen

This paper deals with optimal combined singular and regular controls for stochastic Volterra integral equations, where the solution X^{u,\xi}(t)=X(t) is given by X(t) =\phi(t)+\int_{0}^{t}}b(t,s,X(s),u(s))…

Optimization and Control · Mathematics 2021-04-15 Nacira Agram , Saloua Labed , Bernt Øksendal , Samia Yakhlef

Existence and uniqueness is established for a large class of backward stochastic differential equations which contain singular terms of the form $\pm|z|^2/y$. The results are applied to investigate singular partial differential equations…

Probability · Mathematics 2021-08-30 Khaled Bahlali , Ludovic Tangpi