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<div>Dear all,</div>
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<p><span>You are cordially invited to general </span><span class="il">seminar</span><span> organized by</span><br /><span>Department of Mathematics, Atilim University.</span><br /><br /><span>The speaker is <strong>Gerhard-Wilhelm Weber</strong> from METU.</span></p>
<p>Title: <strong>Optimal Control of Stochastic Systems with Regime Switches, Jumps and Delay</strong><br /><strong>in Finance, Economics and Nature<br /></strong></p>
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Abstract:
<p><span>In this presentation, we contribute to modern OR by hybrid, e.g., mixed continuous-discrete dynamics of stochastic differential equations with jumps and to its optimal control. These hybrid systems allow for the representation of random regime switches or paradigm shifts, and are of growing importance in economics, finance, science and engineering. We introduce some new approaches to this area of stochastic optimal control: one is based on the finding of optimality conditions and closed-form solutions. We further discuss aspects of differences in information, given by delay or insider information. The presentation ends with a conclusion and an outlook to future studies.</span></p>
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<p>Date: March 23, 2016</p>
<p>Time: 15:45</p>
<p><span>Place: FEF 404 - </span><span class="il">Seminar</span><span> Room</span><br /><br /><br /><span>With my best regards,</span></p>
<p><span>On behalf of Seminar Committee</span></p>
<p><span>Burcu Gülmez Temür</span></p>
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