基于破产时收益的分红控制问题

The optimal dividend control problem based on bankruptcy revenue

研究了具有内部竞争和负债的公司在考虑破产时收益情况下的最优分红控制策略问题.文中所涉及公司的现金流过程中含有二次漂移项,其中包含关于公司内部的竞争和负债的信息.针对不同参数情形,用随机控制理论和方法讨论了通过控制分红和调整雇佣人数以达到收益值函数最大的问题,给出了相应的最优控制策略和最优值函数.

This paper discusses the optimal dividend strategies of the company which has the internal competition and liabilities and has income under the case of bankrupt. The company＇s cash process con- tains quadratic drift term , which gives information about the internal competition and debts. Using stochastic control theory and method, for different parameters, we study optimal value function by con- trolling of dividends and adjusting the number of employee and obtain the optimal control strategies and the corresponding optimal value functions.