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We study a problem of optimal investment/consumption over an infinite horizon in a market consisting of a liquid and an illiquid asset. The liquid asset is observed and can be traded continuously, while the illiquid one can only be traded…

Portfolio Management · Quantitative Finance 2012-11-07 Salvatore Federico , Paul Gassiat

We introduce and study a new class of optimal switching problems, namely switching problem with controlled randomisation, where some extra-randomness impacts the choice of switching modes and associated costs. We show that the optimal value…

Probability · Mathematics 2020-01-31 Cyril Bénézet , Jean-François Chassagneux , Adrien Richou

We prove a stochastic representation formula for the viscosity solution of Dirichlet terminal-boundary value problem for a degenerate Hamilton-Jacobi-Bellman integro-partial differential equation in a bounded domain. We show that the unique…

Probability · Mathematics 2018-08-23 Ruoting Gong , Chenchen Mou , Andrzej Swiech

This paper deals with numerical solutions to an impulse control problem arising from optimal portfolio liquidation with bid-ask spread and market price impact penalizing speedy execution trades. The corresponding dynamic programming (DP)…

Computational Finance · Quantitative Finance 2010-06-07 Fabien Guilbaud , Mohamed Mnif , Huyên Pham

We study an incompressible viscous flow around an obstacle with an oscillating boundary that moves by a translational periodic motion, and we show existence of strong time-periodic solutions for small data in different configurations: If…

Analysis of PDEs · Mathematics 2023-03-20 Thomas Eiter , Yoshihiro Shibata

We study the problem of minimizing a nonnegative separable concave function over a compact feasible set. We approximate this problem to within a factor of 1+epsilon by a piecewise-linear minimization problem over the same feasible set. Our…

Optimization and Control · Mathematics 2012-01-17 Thomas L. Magnanti , Dan Stratila

We consider the two-phase flow model with slip boundary condition in a 3D exterior domains whose boundary is smooth. We establish the global existence of classical solutions of this system provided that the initial energy is suitably small.…

Analysis of PDEs · Mathematics 2022-11-16 Zilai Li , Hao Liu , Huaqiao Wang

We prove locally in time the existence of the unique smooth solution (including smooth interface) to the multidimensional free boundary problem for the thin film equation in the case of partial wetting. We also obtain the Schauder estimates…

Analysis of PDEs · Mathematics 2018-02-09 S. P. Degtyarev

The article is devoted to the development of numerical methods for solving saddle point problems and variational inequalities with simplified requirements for the smoothness conditions of functionals. Recently there were proposed some…

Optimization and Control · Mathematics 2023-11-22 Alexander Titov , Fedor Stonyakin , Mohammad Alkousa , Alexander Gasnikov

Variational inequalities are a formalism that includes games, minimization, saddle point, and equilibrium problems as special cases. Methods for variational inequalities are therefore universal approaches for many applied tasks, including…

We introduce a new notion of viscosity solutions for a class of very singular nonlinear parabolic problems of non-divergence form in a periodic domain of arbitrary dimension, whose diffusion on flat parts with zero slope is so strong that…

Analysis of PDEs · Mathematics 2013-02-05 Mi-Ho Giga , Yoshikazu Giga , Norbert Pozar

Within the framework of variational modelling we derive a one-phase moving boundary problem describing the motion of a semipermeable membrane enclosing a viscous liquid, driven by osmotic pressure and surface tension of the membrane. For…

Analysis of PDEs · Mathematics 2019-02-20 Friedrich Lippoth , Mark A. Peletier , Georg Prokert

We study higher critical points of the variational functional associated with a free boundary problem related to plasma confinement. Existence and regularity of minimizers in elliptic free boundary problems have already been studied…

Analysis of PDEs · Mathematics 2016-10-05 David Jerison , Kanishka Perera

This article considers the variational wave equation with viscosity and transport noise as a system of three coupled nonlinear stochastic partial differential equations. We prove pathwise global existence, uniqueness, and temporal…

Analysis of PDEs · Mathematics 2026-01-08 Peter H. C. Pang

We consider a method of pairwise variations for smooth optimization problems, which involve polyhedral constraints. It consists in making steps with respect to the difference of two selected extreme points of the feasible set together with…

Optimization and Control · Mathematics 2017-01-12 I. V. Konnov

We investigate the use of piecewise linear systems, whose coefficient matrix is a piecewise constant function of the solution itself. Such systems arise, for example, from the numerical solution of linear complementarity problems and in the…

Numerical Analysis · Mathematics 2012-06-21 Luigi Brugnano , Alessandra Sestini

In this paper, we explore cooperative and competitive coupled obstacle systems, which, up to now, are new type obstacle systems and formed by coupling two equations belonging to classical obstacle problem. On one hand, applying the…

Analysis of PDEs · Mathematics 2024-09-16 Lili Du , Xu Tang , Cong Wang

The problem of optimal switching between nonlinear autonomous subsystems is investigated in this study where the objective is not only bringing the states to close to the desired point, but also adjusting the switching pattern, in the sense…

Systems and Control · Computer Science 2014-11-19 Ali Heydari

We present a branch-and-bound algorithm for globally solving parabolic optimal control problems with binary switches that have bounded variation and possibly need to satisfy further combinatorial constraints. More precisely, for a given…

Optimization and Control · Mathematics 2024-01-19 Christoph Buchheim , Alexandra Grütering , Christian Meyer

This research concerns design optimization problems involving numerous design parameters and large computational models. These problems generally consist in non-convex constrained optimization problems in large and sometimes complex search…

Optimization and Control · Mathematics 2024-12-20 A. Batou
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