In this work a simple method to enforce the positivity-preserving property for general high-order conservative schemes is proposed. The method detects critical numerical fluxes which may lead to negative density and pressure, and then imposes a simple flux limiter combining the high-order numerical flux with the first-order Lax-Friedrichs flux to satisfy a sufficient condition for preserving positivity. Though an extra time-step size condition is required to maintain the formal order of accuracy, it is less restrictive than those in previous works. A number of numerical examples suggest that this method, when applied on an essentially non-oscillatory scheme, can be used to prevent positivity failure when the flow involves vacuum or near vacuum and very strong discontinuities.

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This paper is concerned with an optimal strategy for simultaneously trading of a pair of stocks. The idea of pairs trading is to monitor their price movements and compare their relative strength over time. A pairs trade is triggered by their prices divergence and consists of a pair of positions to short the strong stock and to long the weak one. Such a strategy bets on the reversal of their price strengths. From the viewpoint of technical tractability, typical pairs-trading models usually assume a difference of the stock prices satisfies a mean-reversion equation. In this paper, we consider the optimal pairs-trading problem by allowing the stock prices to follow general geometric Brownian motions. The objective is to trade the pairs over time to maximize an overall return with a fixed commission cost for each transaction. The optimal policy is characterized by threshold curves obtained by solving the associated HJB equations. Numerical examples are included to demonstrate the dependence of our trading rules on various parameters and to illustrate how to implement the results in practice.

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We propose some conjectures on the generating series of (equivariant) Euler characteristics of some vector bundles constructed from the tautological bundles on Hilbert schemes of points on affine $k$-spaces. We establish the surface case of these conjectures and present some verifications of the higher dimensional cases.