This paper discusses about the target tracking problem with high-frequencies disturbance rejection demand in tip-tilt mirrors, where the mechanical vibration disturbances always exist near the system’s resonance. Resonance’s influence to system’s tracking performance is analyzed. And a...

In this paper, under the assumption that all preferences are continuous and have unique top-ranked alternatives, we establish the equivalence between strict monotonicity and dictatorship for social choice correspondences.

This paper investigates a continuous-time mean–variance asset–liability management problem with endogenous liabilities in a more general market where all the assets can be risky. Different from exogenous liabilities that cannot be controlled, the endogenous liabilities can be controlled by...

This paper considers an asset–liability management problem under a multi-period mean–variance model with uncontrolled cash flow and uncertain time-horizon. The difference from the existing literature is that the liability is assumed to be influenced not only by the stochastic return of the...

In defined contribution (DC) pension schemes, the financial risk borne by the member occurs during the accumulation phase. To build up sufficient funds for retirement, scheme members invest their wealth in a portfolio of assets. This paper considers an optimal investment problem of a scheme...