A remark on convex functions andp-harmonic maps

We prove that the constant maps are the onlyp-harmonic maps for anyp 2 from an arbitrary compact Riemannian manifold into a complete Riemannian manifold which admits a strictly convex function.     

Periodic optimal control for parabolic Volterra-Lotka type equations

This paper considers the optimal harvesting control of a biological species, whose growth is governed by the parabolic diffusive Volterra-Lotka equation. We prove that such equation with L^∞ periodic coefficients has an unique positive periodic solution. We show the existence and uniqueness of an optimal control, and under certain conditions, we characterize the optimal control in terms of a parabolic optimality system. A monotone sequence which converges to the optimal control is constructed.     

Non-linear oscillations of a rotor-magnetic bearing system under superharmonic resonance conditions

The effect of non-linear magnetic forces on the non-linear response of the shaft is examined for the case of superharmonic resonance in this paper. It is shown that the steady-state superharmonic periodic solutions lose their stability by either saddle-node or Hopf bifurcations. The system exhibits many typical characteristics of the behavior of non-linear dynamical systems such as multiple coexisting solutions, jump phenomenon, and sensitive dependence on initial conditions. The effects of the feedback gains and imbalance eccentricity on the non-linear response of the system are studied. Finally, numerical simulations are performed to verify the analytical predictions.     

The enumerative geometry of surfaces and modular forms

Let be a surface, and let be a holomorphic curve in representing a primitive homology class. We count the number of curves of geometric genus with nodes passing through generic points in in the linear system for any and satisfying .

When , this coincides with the enumerative problem studied by Yau and Zaslow who obtained a conjectural generating function for the numbers. Recently, Göttsche has generalized their conjecture to arbitrary in terms of quasi-modular forms. We prove these formulas using Gromov-Witten invariants for families, a degeneration argument, and an obstruction bundle computation. Our methods also apply to blown up at 9 points where we show that the ordinary Gromov-Witten invariants of genus constrained to points are also given in terms of quasi-modular forms.     

An Asymptotic Property of Schachermayer's Space under Renorming

Let X be a Banach space with closed unit ball B. Given k , X is said to be k-β, respectively, (k + 1)-nearly uniformly convex ((k + 1)-NUC), if for every ε > 0 there exists δ, 0 < δ < 1, so that for every x B and every ε-separated sequence (x_n) B there are indices (n_i)^k_{i = 1}, respectively, (n_i)^{k + 1}_{i = 1}, such that (1/(k + 1))||x + ∑^k_{i = 1} x_ni|| ≤ 1 − δ, respectively, (1/(k + 1))||∑^{k + 1}_{i = 1} x_ni|| ≤ 1 − δ. It is shown that a Banach space constructed by Schachermayer is 2-β, but is not isomorphic to any 2-NUC Banach space. Modifying this example, we also show that there is a 2-NUC Banach space which cannot be equivalently renormed to be 1-β.     

Existence and global bounds for a fluid model of plasma display technology

This article considers the fluid model for the discharge of plasma particle species in display technology. The fluid equations are coupled with Poisson's equation, which describes the effect of the charged particles on the electric field. The diffusion and mobility coefficients for the positive ion particles depend on the electric field, while those for the electrons depend on the electron mean energy. The reaction rates are proportional to the products of the densities of the reacting particles involved in the particular ionization, conversion or recombination reactions. Moreover, the ionization coefficients are dependent on the electric field, which varies spatially and temporally. The main ionization and discharge reactions are described by an initial-boundary value problem for a system of coupled parabolic–elliptic partial differential equations. The system is first analyzed by upper–lower solution method. By means of the a priori bounds obtained for an arbitrary time, the existence of solution for the initial-boundary value problem is proved in an appropriate Hölder space.     

Game Options Analysis of the Information Role of Call Policies in Convertible Bonds

Abstract

In debt financing, existence of information asymmetry on the firm quality between the firm management and bond investors may lead to significant adverse selection costs. We develop the two-stage sequential dynamic two-person game option models to analyse the market signalling role of the callable feature in convertible bonds. We show that firms with positive private information on earning potential may signal their type to investors via the callable feature in a convertible bond. We present the variational inequalities formulation with respect to various equilibrium strategies in the two-person game option models via characterization of the optimal stopping rules adopted by the bond issuer and bondholders. The bondholders’ belief system on the firm quality may be revealed with the passage of time when the issuer follows his optimal strategy of declaring call or bankruptcy. Under separating equilibrium, the quality status of the firm is revealed so the information asymmetry game becomes a new game under complete information. To analyse pooling equilibrium, the corresponding incentive compatibility constraint is derived. We manage to deduce the sufficient conditions for the existence of signalling equilibrium of our game option model under information asymmetry. We analyse how the callable feature may lower the adverse selection costs in convertible bond financing. We show how a low-quality firm may benefit from information asymmetry and vice versa, underpricing of the value of debt issued by a high-quality firm.     

A generalization of sensitivity of the inventory model with partial backorders

In this paper, we use the elementary techniques of differential calculus to investigate the sensitivity analysis of Montgomery et al.’s [Montgomery, D.C., Bazaraa, M.S., Keswani, A.K., 1973. Inventory models with a mixture of backorders and lost sales. Naval Research Logistics Quarterly 20, 225–263] inventory model with a mixture of backorders and lost sales and generalize Chu and Chung’s [Chu, P., Chung, K.J., 2004. The sensitivity of the inventory model with partial backorders. European Journal of Operational Research 152, 289–295] sensitivity analysis. We provide three numerical examples to demonstrate our findings, and remark the interpretation of the global minimum of the average annual cost at which the complete backordering occurs.     

Nonexistence of abelian difference sets: Lander's conjecture for prime power orders

In 1963 Ryser conjectured that there are no circulant Hadamard matrices of order 4$"> and no cyclic difference sets whose order is not coprime to the group order. These conjectures are special cases of Lander's conjecture which asserts that there is no abelian group with a cyclic Sylow -subgroup containing a difference set of order divisible by . We verify Lander's conjecture for all difference sets whose order is a power of a prime greater than 3.

     

Flexible sliced designs for computer experiments

Sliced Latin hypercube designs are popularly adopted for computer experiments with qualitative factors. Previous constructions require the sizes of different slices to be identical. Here we construct sliced designs with flexible sizes of slices. Besides achieving desirable one-dimensional uniformity, flexible sliced designs (FSDs) constructed in this paper accommodate arbitrary sizes for different slices and cover ordinary sliced Latin hypercube designs as special cases. The sampling properties of FSDs are derived and a central limit theorem is established. It shows that any linear combination of the sample means from different models on slices follows an asymptotic normal distribution. Some simulations compare FSDs with other sliced designs in collective evaluations of multiple computer models.