Mathematics of Operations Research, Vol. 41, No. 1 (February 2016), pp. 146-173 (28 pages) This paper investigates the problem of maximizing expected terminal utility in a (generically incomplete) ...

We consider a utility-maximization problem in a general semimartingale financial model, subject to constraints on the number of shares held in each risky asset. These constraints are modeled by ...

RYE BROOK, N.Y.--(BUSINESS WIRE)--Xylem (NYSE:XYL) empowers utilities across the electric, gas and water industries to pave the way for future infrastructure through the adoption of smart technologies ...