In general, decision support is one of the main purposes of model-based analysis of systems. Response surface methodology (RSM) is an optimization technique that has been applied ...
The stochastic Lotka-Volterra model is an infinite Markov population model that has applications in various life science domains. Its analysis is challenging since, besides an infi...
Dynamical low-rank approximation is a differential-equation based approach to efficiently computing low-rank approximations to time-dependent large data matrices or to solutions o...
We present and analyze an algorithm to solve numerically BSDEs based on Picard's iterations and on a sequential control variate technique. Its convergence is geometric. Moreov...
It has been shown that the sparse grid combination technique can be a practical tool to solve high dimensional PDEs arising in multidimensional option pricing problems in finance...