IEOR 4106 : Introduction to Operations Research : Stochastic Models
نویسنده
چکیده
Ranwa Halasa and Burcu Yildirim have been so successful with their Halasa-Yildirim Consulting Company, that their company has gone public, and is now listed on the New York Stock Exchange under the HY symbol. Suppose that a share of HY stock initially costs $80 per share. Suppose that the HY stock share price over time (measured in years) is modelled as the stochastic process {X(t) : t ≥ 0}, where X(t) = 80 + 5B(t), t ≥ 0 , with {B(t) : t ≥ 0} being standard Brownian motion, having E[B(t)] = 0 and V ar(B(t)) = t for t ≥ 0.
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