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We consider the problem of option hedging in a market with proportional transaction costs. Since super-replication is very costly in such markets, we replace perfect hedging with an expected loss constraint. Asymptotic analysis for small…

Portfolio Management · Quantitative Finance 2014-09-12 Bruno Bouchard , Ludovic Moreau , Mete H. Soner

Chemical reactions involve the movement of charges, and this work presents a mathematical model for describing chemical reactions in electrolytes. The model is developed using an energy variational method that aligns with classical…

Chemical Physics · Physics 2023-11-02 Shixin Xu , Robert Eisenberg , Zilong Song , Huaxiong Huang

Nonadiabatic molecular dynamics is an effective method for modeling nonradiative decay in electronically excited molecules. Its accuracy depends strongly on the quality of the potential energy surfaces, and its affordability for long…

Chemical Physics · Physics 2024-10-11 Matthew R. Hennefarth , Donald G. Truhlar , Laura Gagliardi

Modeling deformation twin nucleation in magnesium has proven to be a challenging task. In particular, the absence of a heterogeneous twin nucleation model which provides accurate energetic descriptions for twin-related structures belies a…

Materials Science · Physics 2025-10-14 Enver Kapan , Sertan Alkan , C. Can Aydıner , Jeremy K. Mason

We present a new kind of Lagrangian duality theory for set-valued convex optimization problems whose objective and constraint maps are defined between preordered normed spaces. The theory is accomplished by introducing a new set-valued…

Optimization and Control · Mathematics 2024-01-17 Fernando García-Castaño , M. A. Melguizo Padial

A previous work found that a nonminimally coupled theory of gravity can, under appropriate conditions, give rise to an additional contribution to the field equations interpreted as dark matter [1]: in particular, the density of this dark…

General Relativity and Quantum Cosmology · Physics 2017-12-27 Aníbal Silva , Jorge Páramos

Owing to the fluctuant renewable generation and power demand, the energy surplus or deficit in each nanogrid is embodied differently across time. To stimulate local renewable energy consumption and minimize the long-term energy cost, some…

Computer Science and Game Theory · Computer Science 2022-03-02 Jiaxin Cao , Bo Yang , Shanying Zhu , Kai Ma , Xinping Guan

In the development of equations of state for polyatomic molecules, thermodynamic perturbation theory (TPT) is widely used to calculate the change in free energy due to chain formation. TPT is a simplification of a more general and exact…

Soft Condensed Matter · Physics 2016-07-13 Bennett D. Marshall

We present new formulations of the stochastic electricity market clearing problem based on the principles of stochastic programming. Previous analyses have established that the canonical stochastic programming model effectively captures the…

Systems and Control · Electrical Eng. & Systems 2023-05-11 Sakitha Ariyarathne , Harsha Gangammanavar

The purpose of this paper is two-fold. First, to make clear (and de-mystify) the basic concepts of classical thermodynamics, and thus to enable the integration of thermodynamics within systems modeling and control. Second, to demonstrate…

Optimization and Control · Mathematics 2020-10-12 Arjan van der Schaft

For substitutional alloys, typically refered to as classical discrete systems under constant composition, we theoretically examine the role of hidden structure information on evolution of nonlinearity (i.e., correspondence between a set of…

Statistical Mechanics · Physics 2022-02-25 Koretaka Yuge

A microscopic definition of the thermodynamic entropy in an isolated quantum system must satisfy (i) additivity, (ii) extensivity and (iii) the second law of thermodynamics. We show that the diagonal entropy, which is the Shannon entropy in…

Statistical Mechanics · Physics 2015-03-30 Tatsuhiko N. Ikeda , Naoyuki Sakumichi , Anatoli Polkovnikov , Masahito Ueda

Economic model predictive control has been proposed as a means for solving the unit loading and unit allocation problem in multi-chiller cooling plants. The adjective economic stems from the use of financial cost due to electricity…

Systems and Control · Electrical Eng. & Systems 2025-12-19 Manuel G. Satué , Manuel R. Arahal , Luis F. Acedo , Manuel G. Ortega

The question of characterization of the degree of non-equilibrium activity in active matter systems is studied in the context of a stochastic microswimmer model driven by a chemical cycle. The resulting dynamical properties and entropy…

Statistical Mechanics · Physics 2024-05-27 Michalis Chatzittofi , Jaime Agudo-Canalejo , Ramin Golestanian

Trajectory optimization is an efficient approach for solving optimal control problems for complex robotic systems. It relies on two key components: first the transcription into a sparse nonlinear program, and second the corresponding solver…

Robotics · Computer Science 2022-10-31 Wilson Jallet , Antoine Bambade , Nicolas Mansard , Justin Carpentier

We consider the problem of inferring the probability distribution of flux configurations in metabolic network models from empirical flux data. For the simple case in which experimental averages are to be retrieved, data are described by a…

Molecular Networks · Quantitative Biology 2017-04-27 Daniele De Martino , Andrea De Martino

In this paper, we work in the framework of the Merton problem but we impose a drawdown constraint on the consumption process. This means that consumption can never fall below a fixed proportion of the running maximum of past consumption. In…

Portfolio Management · Quantitative Finance 2012-10-19 T. Arun

This paper studies convex duality in optimal investment and contingent claim valuation in markets where traded assets may be subject to nonlinear trading costs and portfolio constraints. Under fairly general conditions, the dual expressions…

Mathematical Finance · Quantitative Finance 2016-03-10 Teemu Pennanen , Ari-Pekka Perkkiö

When modeling energy storage systems, an essential question is how to account for the physical infeasibility of simultaneous charge and discharge. The use of complementarity constraints or of binary variables is common, but these…

Optimization and Control · Mathematics 2025-08-19 Eléa Prat , Richard Martin Lusby , Pierre Pinson

Though the existence of two-level systems (TLS) is widely accepted to explain low temperature anomalies in the sound absorption, heat capacity, thermal conductivity and other quantities, an exact description of their microscopic nature is…

Materials Science · Physics 2009-11-10 J. Reinisch , A. Heuer
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