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We study a setting in which a principal contracts with an agent to operate a firm over an infinite time horizon when the agent is liquidity constrained and privately observes the sequence of cost realizations. We formulate the principal’s problem as a dynamic program in which the state variable is the agent’s continuation utility, which is naturally interpreted as his equity in the firm. The op...
Assuming that a material point becomes unstable when the eective plastic strain there reaches a critical value, it is found that a material instability will initiate at a point on the crack-tip of an impulsively loaded prenotched plate that makes an angle of )14° to the notch-tip. This agrees well with the observed values of )5° to )15°. Ó 1998 Elsevier Science Ltd. All rights reserved.
Suppose m balls are sequentially thrown into n bins where each ball goes into a random bin. It is well-known that the gap between the load of the most loaded bin and the average is Θ( √ m logn n ), for large m. If each ball goes to the lesser loaded of two random bins, this gap dramatically reduces to Θ(log logn) independent of m. Consider now the following “(1 + β)-choice” process for some par...
In this paper we introduce a new Packing problem, the Three-Dimensional Knapsack Problem with Balancing Constraints (3BKP), the extension of the ThreeDimensional Knapsack Problem (3KP) where additional constraints related to the packing center of mass are given. The 3BKP consists in orthogonally packing a subset of threedimensional weighted items into a knapsack in order to maximize the total p...
Eve Dubé ([email protected]) Fannie Defay ([email protected]) Vladimir Gilca ([email protected]) Julie A Bettinger ([email protected]) Chantal Sauvageau ([email protected]) France Lavoie ([email protected]) François D Boucher ([email protected]) Shelly McNeil ([email protected]) Ian Gemmill (igemmill@kflap...
Functional differential equations of advanced type with piecewise constant argument deviations are studied. They are closely related to impulse, loaded and, especially, to difference equations, and have the structure of continuous dynamical systems within intervals of unit length.
The aim of education is to provide the basis for life long learning and improvement. In this direction, schools and universities offer standard curricula aiming to cover the fundamental needs of their students in a few years scope. On the other side, institutes and companies offering life long education focus on improving specific skills and competencies of people in a short period of time. Obv...
In the original publication [1] two author names were missing the middle names. The corrected versions can be found in this Erratum.
glanders, caused by infection with the bacterium burkholderia mallei is a highly contagious and often fatal zoonotic disease of solipeds. it is an old disease, described as early as 400 bc by hippocrates and 330 bc by aristotlein the past, b. mallei was an important equine pathogen worldwide. its spread was facilitated by the use and transport of horses, especially when animals were housed unde...
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