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Abstract: Safety assurance is critical in autonomous vehicle operation. Yet, this principle is significantly challenged in space, where vehicles must operate in nonlinear environments with stringent ...

The advance of the theory of contingent claim pricing has made it possible to model and analyze very complex financial claims. When the value of the firm can be represented as a contingent claim, then ...

Ruihua Liu received his B.E. (1985), M.E. (1988) and Ph.D. (1994) in Engineering Science with a specialization in control theory and application from China's Nankai University. He came to the U.S. in ...

Optimal control theory provides a mathematical framework for devising strategies that steer dynamical systems towards a desired performance while minimising a prescribed cost function. In recent ...

This is a preview. Log in through your library . Abstract A method for optimization in nonlinear stochastic models is proposed in this paper, and applied to study monetary and fiscal policy in the St.

Stefano Iabichino introduces the application of stochastic optimal control to a bank’s net interest rate income. In his study, he delineates the optimal fund transfer policy, identifies the optimal ...