We consider the single-leg airline revenue management problem in continuous time with Poisson arrivals. Earlier work on this problem generally uses the Hamilton-Jacobi-Bellman equation to find an optimal policy whenever the value function is differentiable and is a solution to this equation. In this paper, we employ a different probabilistic approach, which do not rely on the smoothness of the ...

1. ip is real-analytic; 2. the rank of <p equals p on an everywhere dense subset of U; 3. (f(U) is closed in V; 4. for each compact subset K C <p(U), there exists a compact subset H C U such that <p(H) = K. Then the composition subalgebra A? = {foip: f e C°°(V)} is closed in C°°(U), when this algebra carries its natural Frechet topology (convergence on compact subsets of the function and all it...

In Accelerated life testing (ALT), a log-linear relationship between life and stress is used. However instead of original parameters, transformed parameters are used for estimation which loose originality due to various assumptions. In this paper the geometric process is used for the analysis of ALT under constant stress for the Frechet Distribution. The maximum likelihood procedure is followed...

This paper is concernedwith a periodic system dependent on parameter. We study differentiability with respect to parameters of the periodic solution of the system. Applying a fixed point theorem and the results regarding parameters for C0-semigroups, we obtained some convenient conditions for determining differentiability with parameters of the periodic solution. The paper is concluded with an ...

Abstract. Differentiability properties of optimal value functions associated with perturbed optimization problems require strong assumptions. We consider such a set of assumptions which does not use compactness hypothesis but which involves a kind of coherence property. Moreover, a strict differentiability property is obtained by using techniques of Ekeland and Lebourg and a result of Preiss. S...