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Engineering, Science, & Technology

Creating, innovating, addressing challenges, solving problems, and improving the quality of lives in society.

One of the fundamental problems of portfolio theory is how to rationally optimize the portfolio using diversification. In practice, maximizing the short term interest is not equivalent to maximizing the long term interest. Kelly’s criterion is considered to be the best strategy of maximizing profit... READ MORE
While Western countries typically run census surveys frequently, poorer countries such as Haiti do not have the money to do so; thus research into how Haitians live is severely lacking. Furthermore, studies that do exist tend to be not only old and outdated, but also... READ MORE
In this paper we present a variational formulation of the problem of determining the elastic stresses in a contact lens on an eye and the induced suction pressure distribution in the tear film between the eye and the lens. This complements the force-balance derivation that... READ MORE