• Title/Summary/Keyword: Business mathematics

Search Result 205, Processing Time 0.027 seconds

College Mathematics Education for Social Science Majors (사회과학 전공을 위한 대학 수학 교육)

  • Kim Sung-Ock
    • Communications of Mathematical Education
    • /
    • v.19 no.4 s.24
    • /
    • pp.587-597
    • /
    • 2005
  • Mathematics education for social science majors at the college level could be a totally different subject from mathematics education for mathematics majors. We discuss goals, curriculum and effective teaching of mathematics for social science majors with a focus on business, management and economics at the college level.

  • PDF

ON COMPLETE CONVERGENCE OF WEIGHTED SUMS OF ø-MIXING RANDOM VARIABLES WITH APPLICATION TO MOVING AVERAGE PROCESSES

  • Baek, J.I.;Liang, H.Y.;Choi, Y.K.;Chung, H.I.
    • Journal of the Korean Statistical Society
    • /
    • v.33 no.3
    • /
    • pp.271-282
    • /
    • 2004
  • We discuss complete convergence of weighted sums for arrays of ø-mixing random variables. As application, we obtain the complete convergence of moving average processes for ø-mixing random variables. The result of Baum and Katz (1965) as well as the result of Li et al. (1992) on iid case are extended to ø-mixing setting.

EXTENSIONS OF SEVERAL CLASSICAL RESULTS FOR INDEPENDENT AND IDENTICALLY DISTRIBUTED RANDOM VARIABLES TO CONDITIONAL CASES

  • Yuan, De-Mei;Li, Shun-Jing
    • Journal of the Korean Mathematical Society
    • /
    • v.52 no.2
    • /
    • pp.431-445
    • /
    • 2015
  • Extensions of the Kolmogorov convergence criterion and the Marcinkiewicz-Zygmund inequalities from independent random variables to conditional independent ones are derived. As their applications, a conditional version of the Marcinkiewicz-Zygmund strong law of large numbers and a result on convergence in $L^p$ for conditionally independent and conditionally identically distributed random variables are established, respectively.

HOW TO PREPARE FOR RETIREMENT? OPTIMAL SAVING, LABOR SUPPLY, AND INVESTMENT STRATEGY

  • Koo, Bon Cheon;Koo, Jisoo;Song, Hana;Yoon, Hyo-Bin;Kim, Min-Seok
    • Journal of the Korean Society for Industrial and Applied Mathematics
    • /
    • v.18 no.4
    • /
    • pp.283-294
    • /
    • 2014
  • In this paper we study consumption-labor supply decision of an agent who prepares for retirement at a known time in the future. The agent is assumed to have a preference which is represented by the von Neumann-Morgenstern utility function in which the felicity function has constant relative risk aversion over the composite of consumption and leisure. The composite is obtained by the Cobb-Douglas function. A general problem has been studied by Bodie et al. (2004). We contribute to the literature by deriving the Slutsky equations and conducting comparative statics. In particular, we show that wealth effect can exhibit an interesting property depending upon the time until retirement, as the interest rate increases.

EXISTENCE OF THREE POSITIVE PERIODIC SOLUTIONS OF NEUTRAL IMPULSIVE FUNCTIONAL DIFFERENTIAL EQUATIONS

  • Liu, Yuji;Xia, Jianye
    • Journal of applied mathematics & informatics
    • /
    • v.28 no.1_2
    • /
    • pp.243-256
    • /
    • 2010
  • This paper is concerned with the neutral impulsive functional differential equations $$\{{x'(t)\;+\;a(t)x(t)\;=\;f(t,\;x(t\;-\;\tau(t),\;x'(t\;-\;\delta(t))),\;a.e.\;t\;{\in}\;R, \atop {\Delta}x(t_k)\;=\;b_kx(t_k),\;k\;{\in}\;Z.$$ Sufficient conditions for the existence of at least three positive T-periodic solution are established. Our results generalize and improve the known ones. Some examples are presented to illustrate the main results.

STABILIZATION OF HIV / AIDS MODEL BY RECEDING HORIZON CONTROL

  • ELAIW A. M.;KISS K.;L CAETANO M. A.
    • Journal of applied mathematics & informatics
    • /
    • v.18 no.1_2
    • /
    • pp.95-112
    • /
    • 2005
  • This work concerns the stabilization of uninfected steady state of an ordinary differential equation system modeling the interaction of the HIV virus and the immune system of the human body. The control variable is the drug dose, which, in turn, affects the rate of infection of $CD4^{+}$ T cells by HIV virus. The feedback controller is constructed by a variant of the receding horizon control (RHC) method. Simulation results are discussed.

CONDITIONAL CENTRAL LIMIT THEOREMS FOR A SEQUENCE OF CONDITIONAL INDEPENDENT RANDOM VARIABLES

  • Yuan, De-Mei;Wei, Li-Ran;Lei, Lan
    • Journal of the Korean Mathematical Society
    • /
    • v.51 no.1
    • /
    • pp.1-15
    • /
    • 2014
  • A conditional version of the classical central limit theorem is derived rigorously by using conditional characteristic functions, and a more general version of conditional central limit theorem for the case of conditionally independent but not necessarily conditionally identically distributed random variables is established. These are done anticipating that the field of conditional limit theory will prove to be of significant applicability.

SIMPLE RANKED SAMPLING SCHEME: MODIFICATION AND APPLICATION IN THE THEORY OF ESTIMATION OF ERLANG DISTRIBUTION

  • RAFIA GULZAR;IRSA SAJJAD;M. YOUNUS BHAT;SHAKEEL UL REHMAN
    • Journal of applied mathematics & informatics
    • /
    • v.41 no.2
    • /
    • pp.449-468
    • /
    • 2023
  • This paper deals in the study of the estimation of the parameters of Erlang distribution based on rank set sampling and some of its modifications. Here we considered Maximum Likelihood (ML) and the Bayesian technique to estimate the shape and scale parameter of Erlang distribution based on RSS and its some modifications such as ERSS, MRSS, and MRSSu. The derivation for unknown parameters of Erlang distribution is well presented using normal approximation to the asymptotic distribution of ML estimators. But due to the complexity involves in the integral, the Bayes estimator of unknown parameters is obtained using MCMC method. Further, we compared the MSE of estimation in different sampling schemes with different set sizes and cycle size. A real-life data application is also given to illustrate the efficiency of the proposed scheme.