This paper looks at the development of dynamic hedging strategies for typical pension plan liabilities using longevity-linked hedging instruments. Progress in this area has been hindered by the lack of closed-form formulae for the valuation of mortality-linked liabilities and assets, and the...

The tracking control of linear differential inclusions with stochastic disturbance is considered. The feedback law is constructed by the convex hull Lyapunov function. The design objective is to make the error system uniformly ultimately bounded in mean square. Finally, a numerical simulation is...

Purpose An active disturbance rejection controller (ADRC) based on model compensation is proposed in this paper. The method should first be taken a nominal model of the robot to compensate. Subsequently, the uncertain external disturbance is estimated and compensated is used an expansion state...