A Continuous Granular Model for Stochastic Reserving with Individual Information

A Stochastic Optimization Model for Groundwater Management

A Stochastic Model for Water Resources Management

Irrigation water management is crucial for agricultural production and livelihood security in many regions and countries throughout the world. Over the past decades, controversial and conflictladen water-allocation issues among competing municipal, industrial and agricultural interests have raised increasing concerns. Particularly, growing population, varying natural conditions and shrinking wa...

A Stochastic Optimization Model for Groundwater Management

A Continuous-time Garch Model for Stochastic Volatility with Delay

We consider a (B, S)-security market with standard riskless asset B(t) = B0ert and risky asset S(t) with stochastic volatility depending on time t and the history of stock price over the interval [t − τ, t]. The stock price process S(t) satisfies a stochastic delay differential equation (SDDE) with past-dependent diffusion coefficient. We state some results on option pricing in such a market an...

Multilaminate Elastoplastic Model for Granular Media

A multilaminate based model capable of predicting the behavior of granular material on the basis of sliding mechanisms and elastic behavior of particles is presented. The capability of the model to predict the behavior of sand under arbitrary stress paths is examined. The influences of rotation of the direction of principal stress axes and induced anisotropy are included in a rational way witho...