In undergoing this life, many people always try to do and get the best. New knowledge, experience, lesson, and everything that can improve the life will be done. However, many people sometimes feelâ€¦ (More)

In much of modern control theory designs are based on the assumption that the state vector of the system to be controlled is available for measurement. In many practical situations only a few outputâ€¦ (More)

This paper studies a new representation of individ~l preferences termed the benefit function. The benetit function b(g; x,u) measures the amount that an individual is willing to trade, in terms of aâ€¦ (More)

A new criterion is introduced for comparing the convergence properties of variable metric algorithms, focusing on stepwise descent properties. This criterion is a bound on the rate of decrease in theâ€¦ (More)

A linear discrete-time descriptor variable system defined on the time interval [0,N] has the form E(k+1)x(k+1) = A(k)x(k) + B(k)u(k) for k = 0,1,2,...,N-1. For each k, x(k) is an n-dimensional vectorâ€¦ (More)

A significant problem in modern finance theory is how to price assets whose payoffs are outside the span of marketed assets. In practice, prices of assets are often assigned by using the Capitalâ€¦ (More)

In strict terms, the Capital Asset Pricing Model applies only to marketed assets, but the CAPM is frequently used to assign prices to nonmarketed assets as well. The Correlation Pricing Formula (CPF)â€¦ (More)

Pricing theory is concerned with determining a realistic market-related price of an asset that is not yet marketed. There are several approaches to this issue, most of which use systems theoryâ€¦ (More)