PRACTICAL GUIDE TO REAL OPTIONS IN DISCRETE TIME

Practical guide to real options in discrete time

Continuous time models in the theory of real options give explicit formulas for optimal exercise strategies when options are simple and the price of an underlying asset follows a geometric Brownian motion. This paper suggests a general, computationally simple approach to real options in discrete time. Explicit formulas are derived even for embedded options. Discrete time processes reflect the s...

A practical guide to real-time systems development

A PRACTICAL APPROACH TO REAL-TIME DYNAMIC BACKGROUND GENERATION BASED ON A TEMPORAL MEDIAN FILTER

In many computer vision applications, segmenting and extraction of moving objects in video sequences is an essential task. Background subtraction, by which each input image is subtracted from the reference image, has often been used for this purpose. In this paper, we offer a novel background-subtraction technique for real-time dynamic background generation using color images that are taken fro...

Practical Real-Time Planning

Optimal real-time planning at run time is impossible for complex domains, since planning is intractable. "Reactive" planning has opted for pre-colnpiled plans, but such plans cannot cope with changing goals, and the space of pre-compiled plans is too large to store for a complex domain. Heuristics can prune planning so that it is of more manageable complexity, but there is still no guarantee th...

Real-Time and Embedded Guide