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A Penalty Method for the Numerical Solution of Hamilton-Jacobi-Bellman (HJB) Equations in Finance
HJB Equation Numerical Solution Penalty Method
2010/10/21
We present a simple and easy to implement method for the numerical solution of a rather general class of Hamilton-Jacobi-Bellman (HJB) equations. In many cases, the considered problems have only a vi...
Possible approaches to the solution of conflict situations in managerial practice
managerial capabilities conflicts conflict solution strategies style of management
2014/3/24
Strategies used in conflict solutions include: avoiding, adjusting, coercion, compromise and cooperation. Although in our sample of respondents the most efficient strategy (cooperation) ranked No.1, a...