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It is difficult to extract grassland accurately by traditional classification methods, such as supervised method based on pixels or objects. This paper proposed a new method combing the multi-level se...
The purpose of this paper is to investigate the feasibility of using the extended path method - described in Fair and Taylor [ 23 - to solve capital asset pricing. This method is now being used rat...
Solving the Neoclassical Growth Model with Quasi-Geometric Discounting: A Grid-Based Euler-Equation Method.
We introduce an envelope condition method (ECM) for solving dynamic programming problems. The ECM method is simple to implement, dominates conventional value function iteration and is comparable in ac...
We show how to enhance the performance of a Smolyak method for solving dynamic economic models. First, we propose a more efficient implementation of the Smolyak method for interpolation, namely, we s...
Policies that would create net benefits for society but would also involve costs frequently lack the necessary support to be enacted because losses loom larger than gains psychologically. To reduce th...
In this paper we consider an interval portfolio selection problem with uncertain returns and introduce an inclusive concept of satisfaction index for interval inequality relatio...
上海财经大学经济学院高级宏观经济学课件ILecture 5 Dynamic Programming: Method and Applications (Continued).
In this paper, we propose an efficient Monte Carlo implementation of non-linear FBSDEs as a system of interacting particles inspired by the ideas of branching diffusion method. It will be particularly...
Optimal resource configuration is a critical issue for manufacturing grids. Economics is introduced for establishing a manufacturing grid resource marketplace and allocating resources based on market ...
Zhangjiajie, a World Natural Heritage, is located in Chinese Wuling hinterland and rich in forest resources with cov-erage rate 64.61 percent of forest. Zhangjiajie was listed in World Natural Heritag...
We investigate the extension of the multilevel Monte Carlo path simulation method to jump-diffusion SDEs. We consider models with finite rate activity , using a jump-adapted discretisation in which ...
The intention of this paper is to estimate a Bayesian distribution-free chain ladder (DFCL) model using approximate Bayesian computation (ABC) methodology. We demonstrate how to estimate quantities o...
The intention of this paper is to estimate a Bayesian distribution-free chain ladder (DFCL) model using approximate Bayesian computation (ABC) methodology. We demonstrate how to estimate quantities of...

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