We model voting behaviour in the multi-group setting of a two-tier voting system using sequences of de Finetti measures. Our model is defined by using the de Finetti representation of a probability measure (i.e. as a mixture of conditionally independen…
We model voting behaviour in the multi-group setting of a two-tier voting system using sequences of de Finetti measures. Our model is defined by using the de Finetti representation of a probability measure (i.e. as a mixture of conditionally independen…
This paper analyzes single-item continuous-review inventory models with random supplies in which the inventory dynamic between orders is described by a diffusion process, and a long-term average cost criterion is used to evaluate decisions. The models …
This paper analyzes single-item continuous-review inventory models with random supplies in which the inventory dynamic between orders is described by a diffusion process, and a long-term average cost criterion is used to evaluate decisions. The models …
We solve the non-discounted, finite-horizon optimal stopping problem of a Gauss–Markov bridge by using a time-space transformation approach. The associated optimal stopping boundary is proved to be Lipschitz continuous on any closed interval that exclu…
We solve the non-discounted, finite-horizon optimal stopping problem of a Gauss–Markov bridge by using a time-space transformation approach. The associated optimal stopping boundary is proved to be Lipschitz continuous on any closed interval that exclu…
We present a closed-form solution to a discounted optimal stopping zero-sum game in a model based on a generalised geometric Brownian motion with coefficients depending on its running maximum and minimum processes. The optimal stopping times forming a …
We present a closed-form solution to a discounted optimal stopping zero-sum game in a model based on a generalised geometric Brownian motion with coefficients depending on its running maximum and minimum processes. The optimal stopping times forming a …
We consider Markov processes that alternate continuous motions and jumps in a general locally compact Polish space. Starting from a mechanistic construction, a first contribution of this article is to provide conditions on the dynamics so that the asso…
We consider Markov processes that alternate continuous motions and jumps in a general locally compact Polish space. Starting from a mechanistic construction, a first contribution of this article is to provide conditions on the dynamics so that the asso…