We analyze the use of ℓ1-norm and Total Variation regularization within a model of road design to obtain sensible vertical alignments. With a dataset of twenty-three roads, we present a heuristic for choosing regularization parameters, and obtain cost bounds to establish a suitable choice for...

Purpose: Nowadays finding reliable suppliers in the global supply chains has become so important for success, because reliable suppliers would lead to a reliable supply and besides that orders of customer are met effectively. Yet, there is little empirical evidence to support this view, hence...

We consider a quasilinear parabolic equation with quadratic gradient terms. It arises in the modelling of an optimal portfolio which maximizes the expected utility from terminal wealth in incomplete markets consisting of risky assets and non-tradable state variables. The existence of solutions...

This paper presents a new numerical method for solving stochastic general equilibrium models with dynamic portfolio choice over many financial assets. The method can be applied to models where there are heterogeneous agents, time-varying investment opportunity sets, and incomplete asset markets....