双渠道下制造商现金流套期保值决策研究

由于汇率、利率、商品价格的变化以及双渠道供应链关系的复杂性,企业的现金流存在较大的波动性。本文研究双渠道销售模式下,制造商对现金流进行套期保值的决策问题。重点关注垄断企业在拥有一个分销商和线上销售的双渠道销售模式下,并利用内部融资将现金流用于提高生产效率时,如何根据现金流的波动程度、市场需求、替代产品敏感系数以及批发价格进行套期保值决策。研究了双渠道销售模式下制造商的均衡问题,比较了两种决策下的均衡解,并通过数值分析给出了直观的结论：市场最大需求与替代产品敏感系数增加时,企业更倾向于选择套期保值;现金流波动程度与批发价格增加时,企业更倾向于不选择套期保值。     

关于一类非线性双曲方程组的二维Cauchy问题

本文通过引进新的广义解定义，对一类非线性双曲方程组的二维Ｃａｕｃｈｙ问题，证明了解的存在唯一性．并且，解可能含δ波．     

A Degenerate Stefan Problem with Two Free Boundaries

ＡＤｅｇｅｎｅｒａｔｅＳｔｅｆａｎＰｒｏｂｌｅｍｗｉｔｈＴｗｏＦｒｅｅＢｏｕｎｄａｒｉｅｓ￥（李辉来）ＬｉＨｕｉｌａｉ（ＤｅｐａｒｔｍｅｎｔｏｆＭａｔｈｅｍａｔｉｃｓ，ＪｉｌｉｎＵｎｉｖｅｒｓｉｔｙ，Ｃｈａｎｇｃｈｕｎ，１３００２３）Ａｂｓｔｒａｃｔ...     

Optimal policy for a two-facility inventory problem with storage constraints and two freight modes

This paper considers a two-facility supply chain for a single product in which facility 1 orders the product from facility 2 and facility 2 orders the product from a supplier in each period. The orders placed by each facility are delivered in two possible nonnegative integer numbers of periods. The difference between them is one period. Random demands in each period arise only at facility 1. There are physical storage constraints at both facilities in each period. The objective of the supply chain is to find an ordering policy that minimizes the expected cost over a finite horizon and the discounted stationary expected cost over an infinite horizon. We characterize the structure of the minimum expected cost and the optimal ordering policy for both the finite and the discounted stationary infinite horizon problems.     

On the Zeros of Orthogonal Polynomials: The Elliptic Case

Constructive Approximation - Let E = [–1, α] \cup [β, 1], –1 &;lt; α &;lt; β &;lt; 1, and let (pn) be orthogonal on E with respect to the weight function...     

Two-function upward-downward minimax theorems

Two-function upward-downward minimax theorems are derived which contain Simons upward-downward minimax theorem as well as Domokos minimax theorem as special cases. Here the convexity assumptions on two functions are given by mixing up their values as means proposed by Lin and Quan.     

Equilibrium queueing strategies of two types of customers in a two-server queue

We consider a single queue with two identical servers and two types of customers. The high-type customer is more delay-sensitive but brings less workload to the system than the low-type customer. We obtain the equilibrium queueing strategy for each type of customers.     

Geometric properties of two phase flow in geothermal reservoirs

The two phase flow equations frequently used in geothermal engineering ignore capillary pressure, which results in a singular system of equations. Analysis of these equations reveals three mechanisms for altering saturation: local boiling, the spatial dependence of flowing enthalpy due to the convective transport of fluid, and counterflow. A scalar function is associated with each of these three mechanims. At each point in space, flows are essentially two dimensional, with gravity establishing a vertical hierarchy, in that volumetric, energy and mass fluxes can never point below a lower member in this triple. With increasing liquid saturation, the characteristics associated with the saturation equation move up from below this grouping of directions, and eventually may even point above volumetric fluxes. Finally, weak shocks and the associated entropy condition are considered. The characteristics of the saturation equation coincide with the velocity of extremely weak shocks, and saturation increases with the passage of a weak shock, provided the magnitude of the characteristic speed increases with saturation.Notation C_l liquid heat capacity - C_m rock heat capacity - C_v vapour heat capacity - G counterflow energy flux - h flowing enthalpy - hl liquid enthalpy - h_v vapour enthalpy - k permeability - k downward vector - P pressure - S liquid saturation - T temperature - dT/dP derivative at saturation - z vertical coordinate - l liquid viscosity - v vapour viscosity - Pl liquid density - _m rock density - _v vapour density - porosity     

Homogenization of parabolic problem with nonlinear transmission condition

In this paper, we investigate the periodic homogenization of nonlinear parabolic equation arising from heat exchange in composite material problems. This problem, defined in periodical domain, is nonlinear at the interface. This nonlinearity models the heat radiation on the interface, which constitutes the transmission boundary conditions, between the two components of the material. The main challenge is, first, to show the well-posedness of the microscopic problem using the topological degree of Leray–Schauder tools. Then, we apply the two scale convergence to identify the equivalent macroscopic model using homogenization techniques. Finally, in order to confirm the efficiency of the homogenization process, we present some numerical results obtained via finite element approximation.     

一类双参数奇摄动边值问题的研究

研究了一类双参数高阶非线性奇摄动方程边值问题,利用合成展开法构造出形式渐近解,再利用微分不等式理论证明了解的存在一致有效性.