This paper solves a general consumption and investment decision problem in closed form. An investor seeks to maximize total expected discounted utility of consumption. There are N distinct risky ...

No one has derived closed-form solutions for consumption with stochastic labor income and constant relative risk aversion utility. A numerical technique is used here to give an accurate approximation ...

In order to support stable high-volume manufacturing (HVM) of semiconductor devices, Gigaphoton has decided to provide its eTGM function, which allows up to 50% reduction of neon gas consumption ...