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This paper proposes two algorithms for solving stochastic control problems with deep learning, with a focus on the utility maximisation problem. The first algorithm solves Markovian problems via the Hamilton Jacobi Bellman (HJB) equation.…

Computational Finance · Quantitative Finance 2024-10-15 Ashley Davey , Harry Zheng

In 2009 Loc and Schmitt established a result on sufficient conditions for multiplicity of solutions of a class of nonlinear eignvalue problems for the p-Laplace operator under Dirichlet boundary conditions, extending an earlier result of…

Analysis of PDEs · Mathematics 2013-10-23 M. L. Carvalho , J. V. Goncalves , K. O. Silva

The paper deals with finite element approximations of elliptic Dirichlet boundary control problems posed on two-dimensional polygonal domains. Error estimates are derived for the approximation of the control and the state variables. Special…

Numerical Analysis · Mathematics 2019-01-28 Thomas Apel , Mariano Mateos , Johannes Pfefferer , Arnd Rösch

This article discusses numerical analysis of the distributed optimal control problem governed by the von K\'{a}rm\'{a}n equations defined on a polygonal domain in $\mathbb{R}^2$. The state and adjoint variables are discretised using the…

Numerical Analysis · Mathematics 2021-07-14 Sudipto Chowdhury , Asha K. Dond , Neela Nataraj , Devika Shylaja

We address the problem of combined stochastic and impulse control for a market maker operating in a limit order book. The problem is formulated as a Hamilton-Jacobi-Bellman quasi-variational inequality (HJBQVI). We propose an implicit…

Mathematical Finance · Quantitative Finance 2025-12-25 Alexey Meteykin

We establish Ambrosetti--Prodi type results for viscosity and classical solutions of nonlinear Dirichlet problems for the fractional Laplace and comparable operators. In the choice of nonlinearities we consider semi-linear and super-linear…

Analysis of PDEs · Mathematics 2020-05-26 Anup Biswas , József Lőrinczi

We discuss several optimization procedures to solve finite element approximations of linear-quadratic Dirichlet optimal control problems governed by an elliptic partial differential equation posed on a 2D or 3D Lipschitz domain. The control…

Optimization and Control · Mathematics 2019-01-25 Mariano Mateos

We derive a priori $C^2$ estimates for a class of complex Monge-Ampere type equations on Hermitian manifolds. As an application we solve the Dirichlet problem for these equations under the assumption of existence of a subsolution; the…

Analysis of PDEs · Mathematics 2013-01-25 Bo Guan , Wei Sun

We investigate the asymptotic properties of a finite-time horizon linear-quadratic optimal control problem driven by a multiscale stochastic process with multiplicative Brownian noise. We approach the problem by considering the associated…

Optimization and Control · Mathematics 2020-11-19 Beniamin Goldys , Gianmario Tessitore , James Yang , Zhou Zhou

The main goal of this paper is to establish existence, regularity and uniqueness results for the solution of a Hamilton-Jacobi-Bellman (HJB) equation, whose operator is an elliptic integro-differential operator. The HJB equation studied in…

Optimization and Control · Mathematics 2016-12-01 Harold A. Moreno-Franco

We consider the probabilistic numerical scheme for fully nonlinear PDEs suggested in \cite{cstv}, and show that it can be introduced naturally as a combination of Monte Carlo and finite differences scheme without appealing to the theory of…

Probability · Mathematics 2010-08-26 Arash Fahim , Nizar Touzi , Xavier Warin

Stochastic optimal control problems with constraints on the probability distribution of the final output are considered. Necessary conditions for optimality in the form of a coupled system of partial differential equations involving a…

Optimization and Control · Mathematics 2022-03-10 Samuel Daudin

We study the fully nonlinear elliptic equation $F(D^2u,Du,u,x) = f$ in a smooth bounded domain $\Omega$, under the assumption the nonlinearity $F$ is uniformly elliptic and positively homogeneous. Recently, it has been shown that such…

Analysis of PDEs · Mathematics 2009-04-13 Scott N. Armstrong

In this paper, we mainly establish the existence and uniqueness theorem for solutions of the exterior Dirichlet problem for a class of fully nonlinear second-order elliptic equations related to the eigenvalues of the Hessian, with…

Analysis of PDEs · Mathematics 2020-05-08 Tangyu Jiang , Haigang Li , Xiaoliang Li

This paper is concerned with the stochastic Hamilton-Jacobi-Bellman equation with controlled leading coefficients, which is a type of fully nonlinear backward stochastic partial differential equation (BSPDE for short). In order to formulate…

Optimization and Control · Mathematics 2015-03-23 Jinniao Qiu

In this paper, we use a probabilistic approach to show that there exists a unique, bounded continuous solution to the Dirichlet boundary value problem for a general class of second order non-symmetric elliptic operators $L$ with singular…

Analysis of PDEs · Mathematics 2015-04-17 Chuan-Zhong Chen , Wei Sun , Jing Zhang

The framework of deep operator network (DeepONet) has been widely exploited thanks to its capability of solving high dimensional partial differential equations. In this paper, we incorporate DeepONet with a recently developed policy…

Optimization and Control · Mathematics 2024-06-18 Jae Yong Lee , Yeoneung Kim

A general bilinear optimal control problem subject to an infinite-dimensional state equation is considered. Polynomial approximations of the associated value function are derived around the steady state by repeated formal differentiation of…

Optimization and Control · Mathematics 2017-06-19 Tobias Breiten , Karl Kunisch , Laurent Pfeiffer

In this paper, we establish two Carleman estimates for a stochastic degenerate parabolic equation. The first one is for the backward stochastic degenerate parabolic equation with singular weight function. Combining this Carleman estimate…

Optimization and Control · Mathematics 2020-08-26 Bin Wu , Qun Chen , Zewen Wang

We prove precise rates of convergence for monotone approximation schemes of fractional and nonlocal Hamilton-Jacobi-Bellman (HJB) equations. We consider diffusion corrected difference-quadrature schemes from the literature and new…

Analysis of PDEs · Mathematics 2023-09-04 Indranil Chowdhury , Espen R. Jakobsen
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