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There is a deep and useful connection between statistical mechanics (the behavior of systems with many degrees of freedom in thermal equilibrium at a finite temperature) and multivariate or combinatorial optimization (fi...

Stewart C. Myers President of American Finance Association 1983 This paper's title is intended to remind you of Fischer Black's well-known note on “The Dividend Puzzle,” which he closed by saying, “What should the ...

Economic theory has suffered in the past from a failure to state clearly its assumptions. Economists in building up a theory have often omitted to examine the foundations on which it was erected. This examination is, how...

Subjects / keywords: nonsmooth analysis, nonsmooth optimization, variational analysis, equilibrium problems, stochastic optimization, bilevel optimization; Science

This paper focuses on control systems for hybrid heat pumps that utilize the heat from return heat-ing water and outdoor air, designed to operate in district heating systems based on central heating plants. The aim of th...