Författare: Xun Yu Zhou

The objective of this volume is to highlight through a collection of chap- ters some of the recent research works in applied prob ability, specifically stochastic modeling and optimization. The volum …

In the mathematical treatment of many problems which arise in physics, economics, engineering, management, etc., the researcher frequently faces two major difficulties: infinite dimensionality and ra …

As is well known, Pontryagin’s maximum principle and Bellman’s dynamic programming are the two principal and most commonly used approaches in solving stochastic optimal control problems. * An interes …