This paper considers a consumption and investment decision problem with a higher interest rate for borrowing as well as the dividend rate.Wealth is divided into a riskless asset and risky asset with logrithmic Brownia...This paper considers a consumption and investment decision problem with a higher interest rate for borrowing as well as the dividend rate.Wealth is divided into a riskless asset and risky asset with logrithmic Brownian motion price fluctuations.The stochastic control problem of maximizating expected utility from terminal wealth and consumption is studied.Equivalent conditions for optimality are obtained.By using duality methods,the existence of optimal portfolio consumption is proved,and the explicit solutions leading to feedback formulae are derived for deteministic coefficients.展开更多
EPC general contract project includes design, procurement, construction and other links. The quota design in the design link is the first procedure of EPC general contract project. It is a major measure of cost contro...EPC general contract project includes design, procurement, construction and other links. The quota design in the design link is the first procedure of EPC general contract project. It is a major measure of cost control in the design stage, and also the key to control investment and determine the success or failure of the whole project, playing a crucial role in the whole project. By analyzing the role of quota design in EPC general contract project and related control means and determining the target value from the quota design, the design is constantly improved and optimized in each stage to avoid investment risks and misunderstandings, and the effectiveness of quota design in the whole EPC general contract project is effectively improved to increase its internal application value and comprehensively improve the level of project investment control and management, thereby consolidating the core competitiveness of EPC general contract project in the whole market competition.展开更多
文摘This paper considers a consumption and investment decision problem with a higher interest rate for borrowing as well as the dividend rate.Wealth is divided into a riskless asset and risky asset with logrithmic Brownian motion price fluctuations.The stochastic control problem of maximizating expected utility from terminal wealth and consumption is studied.Equivalent conditions for optimality are obtained.By using duality methods,the existence of optimal portfolio consumption is proved,and the explicit solutions leading to feedback formulae are derived for deteministic coefficients.
文摘EPC general contract project includes design, procurement, construction and other links. The quota design in the design link is the first procedure of EPC general contract project. It is a major measure of cost control in the design stage, and also the key to control investment and determine the success or failure of the whole project, playing a crucial role in the whole project. By analyzing the role of quota design in EPC general contract project and related control means and determining the target value from the quota design, the design is constantly improved and optimized in each stage to avoid investment risks and misunderstandings, and the effectiveness of quota design in the whole EPC general contract project is effectively improved to increase its internal application value and comprehensively improve the level of project investment control and management, thereby consolidating the core competitiveness of EPC general contract project in the whole market competition.
