6 citations · 11 across the 6 of their papers we have counts for
6 papers
Transaction fee mechanism for Proof-of-Stake protocol
Wenpin Tang, David D. Yao
We study a mechanism design problem in the blockchain proof-of-stake (PoS) protocol. Our main objective is to extend the transaction fee mechanism (TFM) recently proposed in Chung…
Policy Optimization for Continuous Reinforcement Learning
Hanyang Zhao, Wenpin Tang, David D. Yao
We study reinforcement learning (RL) in the setting of continuous time and space, for an infinite horizon with a discounted objective and the underlying dynamics driven by a stocha…
Trading under the Proof-of-Stake Protocol -- a Continuous-Time Control Approach
Wenpin Tang, David D. Yao
We develop a continuous-time control approach to optimal trading in a Proof-of-Stake (PoS) blockchain, formulated as a consumption-investment problem that aims to strike the optima…
Matching Supply and Demand in Production-Inventory Systems: Asymptotics and Optimization
Yingdong Lu, Mark S. Squillante, David D. Yao
We consider a general class of high-volume, fast-moving production-inventory systems based on both lost-sales and backorder inventory models. Such systems require a fundamental und…
Linear Optimization over a Polymatroid with Side Constraints -- Scheduling Queues and Minimizing Submodular Functions
Yingdong Lu, David Yao
Two seemingly unrelated problems, scheduling a multiclass queueing system and minimizing a submodular function, share a rather deep connection via the polymatroid that is character…
Stochastic Knapsack Problem Revisited: Switch-Over Policies and Dynamic Pricing
Grace Lin, Yingdong Lu, David Yao
The stochastic knapsack has been used as a model in wide ranging applications from dynamic resource allocation to admission control in telecommunication. In recent years, a variati…