Applying a few simplifying assumptions and constructing a set of ordinary differential equations leads to a model that ...

An important class of nonlinear models involves a dynamic description of the response rather than an explicit description. These models arise often in chemical kinetics, pharmacokinetics, and ...

For this system, the initial values for the concentrations are derived from equilibrium considerations (as a function of parameters) or are provided as known values. The experiment used to collect the ...

Governing equations in the form of ordinary and partial differential equations are valuable models for physical systems. However they can be difficult to derive, making them unknown, particularly for ...

In this paper, a partial differential equation model for the pricing of pension plans based on average salary is posed by using the dynamic hedging methodology. The existence and uniqueness of ...