Topological properties of stock market networks: The case of Brazil

This paper investigates the topological properties of the Brazilian stock market networks. We build the minimum spanning tree, which is based on the concept of ultrametricity, using the correlation matrix for a variety of stocks of different sectors. Our results suggest that stocks tend to cluster by sector. We employ a dynamic approach using complex network measures and find that the relative importance of different sectors within the network varies. The financial, energy and material sectors are the most important within the network.     

Distributed multi-agent optimization with state-dependent communication

We study distributed algorithms for solving global optimization problems in which the objective function is the sum of local objective functions of agents and the constraint set is given by the intersection of local constraint sets of agents. We assume that each agent knows only his own local objective function and constraint set, and exchanges information with the other agents over a randomly varying network topology to update his information state. We assume a state-dependent communication model over this topology: communication is Markovian with respect to the states of the agents and the probability with which the links are available depends on the states of the agents. We study a projected multi-agent subgradient algorithm under state-dependent communication. The state-dependence of the communication introduces significant challenges and couples the study of information exchange with the analysis of subgradient steps and projection errors. We first show that the multi-agent subgradient algorithm when used with a constant stepsize may result in the agent estimates to diverge with probability one. Under some assumptions on the stepsize sequence, we provide convergence rate bounds on a “disagreement metric” between the agent estimates. Our bounds are time-nonhomogeneous in the sense that they depend on the initial starting time. Despite this, we show that agent estimates reach an almost sure consensus and converge to the same optimal solution of the global optimization problem with probability one under different assumptions on the local constraint sets and the stepsize sequence.     

Maximum number of colors: C-coloring and related problems

We discuss problems and results on the maximum number of colors in combinatorial structures under the assumption that no totally multicolored sets of a specified type occur.     

Stock repurchase with an adaptive reservation price: A study of the greedy policy

We consider the problem of stock repurchase over a finite time horizon. We assume that a firm has a reservation price for the stock, which is the highest price that the firm is willing to pay to repurchase its own stock. We characterize the optimal policy for the trader to maximize the total number of shares that they can buy over a fixed time horizon. In particular, we study a greedy policy, which involves in each period buying a quantity that drives stock price to the reservation price.     

Existence of positive solutions for a general nonlinear eigenvalue problem

Let Ω R n be a bounded domain, H = L 2 (Ω), L : D(L) H → H be an unbounded linear operator, f ∈ C(■× R, R) and λ∈ R. The paper is concerned with the existence of positive solutions for the following nonlinear eigenvalue problem Lu = λf (x, u), u ∈ D(L), which is the general form of nonlinear eigenvalue problems for differential equations. We obtain the global structure of positive solutions, then we apply the results to some nonlinear eigenvalue problems for a second-order ordinary differential equation and a fourth-order beam equation, respectively. The discussion is based on the fixed point index theory in cones.     

P2-type Na0.6[Mg(II)0.3Mn(IV)0.7]O2 as a new model material for anionic redox reaction

In this work, P2-Na_0.6[Mg(II)_0.3Mn(IV)_0.7] O₂ with inoxidizable elements (Na⁺, Mg²⁺ and Mn⁴⁺) except O^2- was synthesized and investigated, which exhibited high reversible capacity (~210 mAh/g) with highly reversible ARR characteristic.     

Holomorphic invariant forms of a bounded domain

Given a complete ortho-normal system  = (0, 1, 2, . . .) of L2H(D), the space of holomorphic and absolutely square integrable functions in the bounded domain D of Cn, we construct a holomorphic imbedding ι : D →■(n, ∞), the complex infinite dimensional Grassmann manifold of rank n. It is known that in ■(n, ∞) there are n closed (μ, μ)-forms τμ (μ = 1, . . . , n) which are invariant under the holomorphic isometric automorphism of ■(n, ∞) and generate algebraically all the harmonic differential forms of ...     

Many solutions for elliptic equations with critical exponents

Let Ω be an open bounded domain in ℝ^N(N ≥ 3) and . We are concerned with two kinds of critical elliptic problems. The first one is

Analyticity and Dynamic Behavior of a Damped Three-Layer Sandwich Beam

Using the Riesz basis approach, we study a sandwich beam that is composed of an outer stiff layer and a compliant middle layer. The dynamic behavior and analyticity of the system are obtained based on a detailed spectral analysis and Riesz basis generation. As a consequence, the analyticity of the solution and the exponential stability of the system are concluded. This work was supported by the National Natural Science Foundation of China, Program for New Century Excellent Talents in the Universities of China and by the National Research Foundation of South Africa.