Existence of an optimal domain for the buckling load of a clamped plate with prescribed volume

We formulate the minimization of the buckling load of a clamped plate as a free boundary value problem with a penalization term for the volume constraint. As the penalization parameter becomes small, we show that the optimal shape problem with prescribed volume is solved. In addition, we discuss two different choices for the penalization term.

Hydromagnetic effects on non-Newtonian Hiemenz flow

The stagnation point flow of a non-Newtonian Reiner–Rivlin fluid has been studied in the presence of a uniform magnetic field. The technique of similarity transformation has been used to obtain the self-similar ordinary differential equations. In this paper, an attempt has been made to prove the existence and uniqueness of the solution of the resulting free boundary value problem. Monotonic behavior of the solution is discussed. The numerical results, shown through a table and graphs, elucidate that the flow is significantly affected by the non-Newtonian cross-viscous parameter L and the magnetic parameter M.

On a free boundary value problem for the anisotropic N-Laplace operator on an N−dimensional ring domain

In this paper we are going to investigate a free boundary value problem for the anisotropic N-Laplace operator on a ring domain \Omega : = {\Omega _0}\backslash {\bar \Omega _1} \subset {\mathbb{R}^N}, N ≥ 2. Our aim is to show that if the problem admits a solution in a suitable weak sense, then the underlying domain Ω is a Wulff shaped ring. The proof makes use of a maximum principle for an appropriate P-function, in the sense of L.E. Payne and some geometric arguments involving the anisotropic mean curvature of the free boundary.

Optimal Stopping Theory and American Options

In this chapter we present the dynamic programming approach to optimal stopping problems. We start by presenting the discrete time theory, deriving the relevant Bellman equation. We present the Snell envelope and prove the Snell Envelope Theorem. For Markovian models we explore the connection to alpha-excessive functions. The continuous time theory is presented by deriving the free boundary value problem connected to the stopping problem, and we also derive the associated system of variational inequalities. American options are discussed in some detail.