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This paper considers a Markovian model of a limit order book where time-dependent rates are allowed. With the objective of understanding the mechanisms through which a microscopic model of an orderbook can converge to more general diffusion…

计算金融 · 定量金融 2023-02-03 Jonathan A. Chávez-Casillas

In application domains such as robotics, it is useful to represent the uncertainty related to the robot's belief about the state of its environment. Algorithms that only yield a single "best guess" as a result are not sufficient. In this…

计算机视觉与模式识别 · 计算机科学 2017-04-13 Mikko Lauri , Simone Frintrop

We develop the distance dependent Chinese restaurant process (CRP), a flexible class of distributions over partitions that allows for non-exchangeability. This class can be used to model many kinds of dependencies between data in infinite…

机器学习 · 统计学 2011-08-11 David M. Blei , Peter I. Frazier

In this paper, we consider an expanding construction of a distributed control system, which is obtained by adding a new subsystem one after the other, until all $n$ subsystems, where $n \ge 2$, are included in the distributed control…

最优化与控制 · 数学 2014-09-30 Getachew K. Befekadu , Panos J. Antsaklis

We introduce the {\Delta}(i)/GI/1 queue, a new queueing model. In this model, customers from a given population independently sample a time to arrive from some given distribution F. Thus, the arrival times are an ordered statistics, and the…

概率论 · 数学 2014-12-09 Harsha Honnappa , Rahul Jain , Amy R. Ward

For a Markov process associated with a diffusion type Dirichlet form an upper bound is shown for the law of the finite dimensional distributions of the process. Under some more assumptions on the underlaying space this is also shown for the…

概率论 · 数学 2009-07-28 Ann-Kathrin Jarecki

This paper studies a diffusion model that arises as the limit of a queueing system scheduling problem in the asymptotic heavy traffic regime of Halfin and Whitt. The queueing system consists of several customer classes and many servers…

概率论 · 数学 2007-05-23 Rami Atar

This is an expository review paper illustrating the ``martingale method'' for proving many-server heavy-traffic stochastic-process limits for queueing models, supporting diffusion-process approximations. Careful treatment is given to an…

概率论 · 数学 2007-12-28 Guodong Pang , Rishi Talreja , Ward Whitt

We study the escape rate of diffusion process with two approaches. We first give an upper rate function for the diffusion process associated with a symmetric, strongly local regular Dirichlet form. The upper rate function is in terms of the…

概率论 · 数学 2013-10-16 Shunxiang Ouyang

The Markov chain approximation of a one-dimensional symmetric diffusion is investigated in this paper. Given an irreducible reflecting diffusion on a closed interval with scale function $s$ and speed measure $m$, the approximating Markov…

概率论 · 数学 2020-04-16 Xiaodan Li , Jiangang Ying

The aim of the study is to compare the standard Maxwell-Stefan model of diffusion with the higher-order one recently derived. This higher-order model takes into account the influence of the complete pressure tensor. A numerical scheme is…

偏微分方程分析 · 数学 2024-07-18 Bérénice Grec , Srboljub Simic

It is known that the time until a birth and death process reaches a certain level is distributed as a sum of independent exponential random variables. Diaconis, Miclo and Swart gave a probabilistic proof of this fact by coupling the birth…

概率论 · 数学 2017-01-20 Tobiáš Hudec

We study the analytical properties of a one-side order book model in which the flows of limit and market orders are Poisson processes and the distribution of lifetimes of cancelled orders is exponential. Although simplistic, the model…

交易与市场微观结构 · 定量金融 2019-07-15 Ioane Muni Toke

A large-scale service system with multiple customer classes and multiple server pools is considered, with the mean service time depending both on the customer class and server pool. The allowed activities (routing choices) form a tree (in…

概率论 · 数学 2014-03-28 Alexander Stolyar

We propose a model for the dynamics of a limit order book in a liquid market where buy and sell orders are submitted at high frequency. We derive a functional central limit theorem for the joint dynamics of the bid and ask queues and show…

交易与市场微观结构 · 定量金融 2012-03-01 Rama Cont , Adrien De Larrard

Many popular random partition models, such as the Chinese restaurant process and its two-parameter extension, fall in the class of exchangeable random partitions, and have found wide applicability in model-based clustering, population…

统计方法学 · 统计学 2017-11-21 Giuseppe Di Benedetto , François Caron , Yee Whye Teh

Continuous-time Markov chains describing interacting processes exhibit a state space that grows exponentially in the number of processes. This state-space explosion renders the computation or storage of the time-marginal distribution, which…

数值分析 · 数学 2020-06-16 Peter Georg , Lars Grasedyck , Maren Klever , Rudolf Schill , Rainer Spang , Tilo Wettig

Let E be an unbounded open (or closed) domain in Euclidean space of dimension greater or equal to two. We present conservativeness criteria for (possibly reflected) diffusions with state space E that are associated to fairly general…

概率论 · 数学 2011-06-10 Masayoshi Takeda , Gerald Trutnau

Nonequilibrium behaviors of positional order are discussed based on diffusion processes in particle systems. With the cumulant expansion method up to the second order, we obtain a relation between the positional order parameter $\Psi$ and…

统计力学 · 物理学 2009-11-11 Hiroshi Watanabe , Satoshi Yukawa , Nobuyasu Ito

The paper studies approximations and control of a processor sharing (PS) server where the service rate depends on the number of jobs occupying the server. The control of such a system is implemented by imposing a limit on the number of jobs…

系统与控制 · 计算机科学 2014-09-02 Varun Gupta , Jiheng Zhang