Stochastic differential equations (SDEs) have become indispensable in the modelling of financial markets, where random fluctuations and uncertainties prevail. Their role in capturing the dynamic ...

Abstract: Safety assurance is critical in autonomous vehicle operation. Yet, this principle is significantly challenged in space, where vehicles must operate in nonlinear environments with stringent ...

Merton, Robert C. "Analytical Optimal Control Theory as Applied to Stochastic and Non-Stochastic Economics." Diss., Massachusetts Institute of Technology (MIT), 1970.

Ruihua Liu received his B.E. (1985), M.E. (1988) and Ph.D. (1994) in Engineering Science with a specialization in control theory and application from China's Nankai University. He came to the U.S. in ...