How are stochastic processes used to model exploration vs. exploitation?

Mar 22, 2011 ... ... stochastic process is present in commodity prices. In addition, we build a dynamic stochastic general equilibrium model with informational ... ... Stochastic Processes and their Ap- plications, 74 (2) 195-201, 1998. 21 ... gineering and Informational Science, 18 (4) 493-502, 2004. 26. Zazanis ... ufacturing systems, information economics, stochastic processes and performance model- ing for capacity planning and pricing. Seidmann has consulted with ... ... process, Positive dependence, Restarting property, Stochastic properties", ... Informational Sciences. https://doi.org/10.1017/S0269964824000111. An ... We explore the effect on investment quantity in this real option regulation under various assumptions on the stochastic process for revenues. On the one ... The dynamic features are governed by the information flow, modeled as a stochastic volatility process, and generalize standard ARCH specifications. ... informational divergence between two Markov processes at ... Markov chains defined by a memoryless stochastic matrix correspond in fact to an iid process. ... Informational Sciences (PEIS), 3, 223-236. Sigman, K., (1990). One ... Independent Sampling of a Stochastic Process Stoch. Proc. Appls., 74, 151 ... ... Random Bridge market information process. This is the first attempt to ... Stochastic Processes and Their Applications, 121, 856-884. https://doi.org ... Aug 8, 2024 ... Stochastic Processes and their Applications 55, 159 - 167 (1995). A stochastic process arising in sequential experimentation. Statistics ...