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. However, choosing optimum bank lending decisions that maximize the bank profit in a credit crunch environment is still a big … challenge. For that, this paper proposes an intelligent model based on the Genetic Algorithm (GA) to organize bank lending … bank objectives when constructing the loan portfolio, by maximizing the bank profit and minimizing the probability of bank …
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The paper develops a version of Pontryagin's maximum principle for optimal control problems with monotonicity constraints on control variables. Whereas the literature handles such constraints by imposing an assumption of piecewise smoothness on the control variable and treating the slope of this...
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