proper inventory control policy and the optimal price for the items has always been one of the main topics of scientific research and industry. on the other hand, there are many products in the market witch are classified as deteriorating items. therefore the problem of determining optimal price and optimal inventory policy for this type of items is very important. in this paper a 3 echelon sup...

Here MI is the total holdup inside the column, and MD and MB are the condenser and reboiler holdups. S = yD(1 xB) (1 yD)xB is the separation factor and Is = DyD(1 yD) + BxB(1 xB) is the \impurity sum". Note that Is may be extremely small for columns with both products of high purity (1 yD and xB both small) resulting in very large linearized values of 1. The response to changes in the internal ...

We compare single factor Markov-functional and multi factor market models for hedging performance of Bermudan swaptions. We show that hedging performance of both models is comparable, thereby supporting the claim that Bermudan swaptions can be adequately risk-managed with single factor models. Moreover, we show that the impact of smile can be much larger than the impact of correlation. We use t...

We present new rotating black brane solutions which solve Einstein’s equations with cosmological constant Λ in arbitrary dimension d. For negative Λ, the branes naturally appear in AdS supergravity compactifications, and should therefore play some role in the AdS/CFT correspondence. The spacetimes are warped products of a four-dimensional part and an Einstein space of dimension d− 4, which is n...