This paper solves a Bayes sequential impulse control problem for a diffusion, whose drift has an unobservable parameter with a change point. The partially-observed problem is reformulated into one with full observations, via a change of probability measure which removes the drift. The optimal...

We consider a general class of continuous asset price models where the drift and the volatility functions, as well as the driving Brownian motions, change at a random time $\tau$. Under minimal assumptions on the random time and on the driving Brownian motions, we study the behavior of the model...

This paper studies four trading algorithms of a professional trader at a multilateral trading facility, observing a realistic two-sided limit order book whose dynamics are driven by the order book events. The identity of the trader can be either internalizing or regular, either a hedge fund or a...

The main aim of current study is to evaluate the anti-penetration deformation behavior of an ultra-high strength low alloy armor steel (commercial name: XF1700) at strain rates 0.001/s, 0.1/s (quasi-static), 922/s, 5962/s, 6000/s (dynamic) and temperatures 298K, 373K(0.2Tm), 473K(0.26Tm) and...

The effects of the site symmetric distortion induced by the phase transition on up-conversion emission and thermal sensing performance of Gd 2 (MoO 4 ) 3 :Yb 3+ /Er 3+ (GMO) crystals are elaborately studied by minimizing interference from many factors. Monoclinic GMO shows much stronger...