We show that the optimal stopping boundary for the Russian option with finite horizon can be characterized as the unique solution of a nonlinear integral equation arising from the early exercise premiumrepresentation (an explicit formula for the arbitrage-free price in terms of the optimal stopping boundary having a clear economic interpretation). The results obtained stand in a complete parall...

The optimal control of problem is about finding a control law for a given system such that a certain optimality criterion is achieved. Methods of solving the optimal control problems are divided into direct methods and mediated methods (through other equations). In this paper, the PSO- SVM indirect method is used to solve a class of optimal control problems. In this paper, we try to determine t...

in recent years, in iran and other countries the power systems are going to move toward creating a competition structure for selling and buying electrical energy. these changes and the numerous advantages of dgs have made more incentives to use these kinds of generators than before. therefore, it is necessary to study all aspects of dgs, such as size selection and optimal placement and impact o...

based on the problems caused by today conventional vehicles, much attention has been put on the fuel cell vehicles researches. however, using a fuel cell system is not adequate alone in transportation applications, because the load power profile includes transient that is not compatible with the fuel cell dynamic. to resolve this problem, hybridization of the fuel cell and energy storage device...

MSSQL, MySQL and PostgreSQL are some of the most popular databases. The selection database for creation a CRM system is based mainly on assessment its effectiveness in terms speed. article aims to choose optimal create an effective system. literature review led hypothesis that MSSQL will be fastest. A series experiments using app served as test. During research, were carried out order processin...

This paper analytically solves the Riccati equation of discrete optimal control with two targets and one tool. This is accomplished by reducing the problem to a nonlinear univariate dynamic equation; this can be solved by a suitable transformation of variable. Beyond its direct application to two-target economic problems, the present approach may provide insight toward the eventual solution of ...

Abstract. This paper presents a time optimal control problem with control constraints of the rectangular type for internally controlled heat equations. An existence result of time optimal controls for such a problem is established. The rectangular type of control constraints originates from the study of time optimal control problems for ordinary differential equations. In the finite dimensional...