Bayraktar, Erhan; Egami, Masahiko - In: Mathematical Methods of Operations Research 71 (2010) 2, pp. 325-351
In this paper we study the dividend optimization problem for a corporation or a financial institution when the management faces (regulatory) implementation delays. We consider several cash reservoir models for the firm including two mean-reverting processes, Ornstein–Uhlenbeck and square-root...