Some Basic Concepts in Queuing Theory

Externality in the Theory of International Trade: Some Basic Concepts

This paper introduces some basic features of externality. Emphasis is given to the analysis of externality in the theory of international. It also discusses about the right government policies to correct externality. This paper and three accompanying papers are prepared for a monograph to be published by Tamkang University, Taiwan.

Clarifying Some Basic Concepts and Results in Arbitrage Pricing Theory

The notion of No Free Lunch with Vanishing Risk (or NFLVR in short) w.r.t. admissible strategies depends on the choice of numeraire. Yan(1998) introduced the notion of allowable strategy and showed that condition of NFLVR w.r.t. allowable strategies is independent of the choice of numeraire and is equivalent to the existence of an equivalent martingale measure for the deflated price process. In...

Some Basic Concepts of Probability and Information Theory

Group Theory: Basic Concepts

⋆ Group: (G, γ) where G is a set and γ a binary operation γ : G×G → G. If γ is clear from the context the group is simply denoted by G. ◦ In place of γ(f, g) write fγg or simply fg when there is no ambiguity, as in most of what follows. ◦ Example: G = Z = {. . .− 2,−1, 0, 1, 2 . . .}, γ = +, γ(f, g) = f + g. • For G to be a group three conditions must be satisfied: (i) γ is associative: γ(f, γ(...

Some Basic Concepts of Feast

SUMMARY This paper deals with the basic principles of the new FEM software package FEAST. Based on an initial discussion of available software tools with respect to their application area, i.e., Education, Research or (industrial) Application, it illustrates the speciic demands for such PDE software which is aimed to solve 'real life' problems. For the FEAST software, which is principally desig...