The aim of this paper is to investigate discrete approximations of the exponential functional of Brownian motion (which plays an important role in Asian options of financial mathematics) with the help ...
What are the underlying principles of how populations change over time? Two basic principles are involved, the idea of exponential growth and its ultimate control. The basics of population ecology ...
The combination of demand uncertainty and a lead time for adding capacity creates the risk of capacity shortage during the lead time. We formulate a model of capacity expansion for uncertain ...
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