This book provides a systematic and accessible approach to stochastic differential equations, backward stochastic differential equations, and their connection with partial differential equations, as well as the recent development of the fully nonlinear theory, including nonlinear expectation, second order backward stochastic differential equations, and path dependent partial differential equations. Their main applications and numerical algorithms, as well as many exercises, are included. The book focuses on ideas and clarity, with most results having been solved from scratch and most theories being motivated from applications. It can be considered a starting point for junior researchers in the field, and can serve as a textbook for a two-semester graduate course in probability theory and stochastic analysis. It is also accessible for graduate students majoring in financial engineering.

Backward Stochastic Differential Equations: From Linear to Fully Nonlinear Theory (Probability Theory and Stochastic Modelling, 86)

Business & Money

Zhang, Jianfeng

Economics

Springer

<p>In China, the tradition of living as a hermit has existed for 5,000 years and is one of the mysteries of its culture. <br><br>In the age of the internet hermits still dwell in the mountain ranges south of Xi'an living life as it was thousands of years ago. Drawn to the hermetic life, the author spent three years in the depths of the Zhongnan Mountains visiting and staying with over 100 hermits. In their midst, high amongst the clouds he practiced with the hermits, achieved enlightenment and learned their secret traditions. Seated above the clouds he looked down on the mundane world below as he refined his spirit and reformed his soul in the experience of a different mode of existence.<br><br>As contemporary man busied himself with the creation of his own networks, and searched for knowledge, wealth and love, the author took the opposite route and sought out the hermits of legend. As we close the book, his efforts allow us, for a moment, to transcend the chaos of life, achieve detachment and an inner contemplation and turn and enter our own inner being.</p>

Journey to Inner Peace and Joy: Tracing Contemporary Chinese Hermits

Health, Fitness & Dieting

Alternative Medicine

Shanghai Press

Contract Theory in Continuous-Time Models (Springer Finance)

<p>In recent years there has been a significant increase of interest in continuous-time Principal-Agent models, or contract theory, and their applications. Continuous-time models provide a powerful and elegant framework for solving stochastic optimization problems of finding the optimal contracts between two parties, under various assumptions on the information they have access to, and the effect they have on the underlying "profit/loss" values. This monograph surveys recent results of the theory in a systematic way, using the approach of the so-called Stochastic Maximum Principle, in models driven by Brownian Motion.</p> <p>Optimal contracts are characterized via a system of Forward-Backward Stochastic Differential Equations. In a number of interesting special cases these can be solved explicitly, enabling derivation of many qualitative economic conclusions.</p>

Cvitanic, Jakša

Reference

<p>The most recent advances in research on coastal saline soil rehabilitation and utilization based on forestry approach are discussed. The forestry approach is emphasized rather than physical or engineering measures to ameliorate saline soils, which is significant for coastal environmental improvement and land resources expansion. The monograph is a useful reference  for researchers using techniques of ecology, forestry and agronomy.<br>Prof. Jianfeng Zhang works at the Institute of Subtropical Forestry, Chinese Academy of Forestry. He has been working on afforestation in saline soils for over 20 years.</p>

Coastal Saline Soil Rehabilitation and Utilization Based on Forestry Approaches in China

Science & Math

Biological Sciences

<p>There has been increased interest in continuous-time Principal-Agent models and their applications. This monograph surveys results of the theory using the approach of the so-called Stochastic Maximum Principle, in models driven by Brownian Motion.</p>

Study of Ecological Engineering of Human Settlements

Politics & Social Sciences

Social Sciences

<p>This book analyzes the theory of ecological engineering of human settlements and provides case studies on the improvement of degraded lands and vegetation restoration, especially focusing on saline-alkali land, abandoned land, water source areas, and the impact of green belts on noise and air quality on the highways. In addition, it discusses the issue of biodiversity conservation strategies in rural landscape construction and demonstrates experiment measurement and field survey methods. The results obtained are supplemented by numerical calculations, presented in the form of tables and figures. <div><br /> <div>As the first monograph on this subject, the book provides a wealth of ideas and resources for researchers, professionals and practitioners in the field of human settlements.</div> </div></p>

See the best price to sell, buy, or rent books by Zhang, Jianfeng. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Zhang, Jianfeng

See the best price to sell, buy, or rent books by Zhang, Jianfeng. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Backward Stochastic Differential Equations: From Linear to Fully Nonlinear Theory (Probability Theory and Stochastic Modelling, 86)

Journey to Inner Peace and Joy: Tracing Contemporary Chinese Hermits

Contract Theory in Continuous-Time Models (Springer Finance)

Coastal Saline Soil Rehabilitation and Utilization Based on Forestry Approaches in China

Contract Theory in Continuous-Time Models (Springer Finance)

Coastal Saline Soil Rehabilitation and Utilization Based on Forestry Approaches in China

Study of Ecological Engineering of Human Settlements

Study of Ecological Engineering of Human Settlements