Optimal stopping problems constitute a pivotal area in applied mathematics and statistics, where the objective is to determine the most opportune moment to terminate a stochastic process in order to ...

We consider the problem of optimally meeting a stochastically growing demand for capacity over an infinite horizon. Under the assumption that demand for product follows either a nonlinear Brownian ...

Extreme ultraviolet (EUV) lithography is moving closer to production, but problematic variations—also known as stochastic effects—are resurfacing and creating more challenges for the long-overdue ...

The finite horizon cash balance problem with charges levied against the cash balance is considered. Conditions, sufficient to show that a two-sided (s, S) policy is optimal, are given. We consider ...

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In extreme ultraviolet (EUV) lithography, stochastics are events that have random variables. These variations, called stochastic effects, sometimes cause unwanted defects and pattern roughness in ...