Value Function and Optimal Rule on the Optimal Stopping Problem for Continuous-Time Markov Processes

<div>The value function and the point <svg height="12.3706pt" id="M310" style="vertical-align:-2.2681pt" version="1.1" viewbox="-0.0498162 -10.1025 89.4496 12.3706" width="89.4496pt" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"><g transform="matrix(.013,0,0,-0.013,0,0)"><path d="M536 404C536 423 520 448 491 448C445 448 398 404 308 283L286 338C255 416 242 448 217 448C182 448 138 402 92 341L111 321C149 368 169 378 178 378C188 378 198 363 214 320L254 212C185 117 138 65 107 65C98 65 85 69 82 75C79 82 73 86 65 86C44 86 23 60 23 39C23 7 44 -12 71 -12C119 -12 168 33 265 177L306 61C321 17 347 -12 373 -12C413 -12 465 33 507 96L491 119C459 84 432 60 413 60C395 60 378 92 358 148L321 250C341 279 369 310 389 332C417 363 439 382 456 382C466 382 475 376 481 368C486 361 492 358 496 358C513 358 536 381 536 404Z" id="g113-121"></path></g><g transform="matrix(.0091,0,0,-0.0091,7.267,-5.741)"><path d="M486 158C486 177 478 202 466 220C413 228 386 236 336 262C386 288 413 297 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-68 275 89 275 270Z" id="g113-42"></path></g></svg> for the jump diffusion model with parameters <span class="nowrap"><svg height="11.7782pt" id="M311" style="vertical-align:-3.42938pt" version="1.1" viewbox="-0.0498162 -8.34882 28.5284 11.7782" width="28.5284pt" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"><g transform="matrix(.013,0,0,-0.013,0,0)"><path d="M538 96L524 119C492 88 454 63 446 63C439 63 434 70 440 101C463 223 491 341 518 448H508L433 422L401 276C355 192 240 56 188 56C163 56 154 89 163 133C184 233 207 338 235 443L230 448L152 424L58 17C40 -60 23 -143 23 -185C23 -241 42 -261 63 -261C92 -261 117 -241 125 -227L124 -221C109 -209 89 -165 89 -103C89 -55 96 -13 105 26H107C121 -3 134 -12 151 -12C172 -12 194 -5 221 16C279 61 330 124 384 194H386C381 159 377 141 368 105C343 3 363 -12 383 -12C416 -12 486 35 538 96Z" id="g113-234"></path></g><g transform="matrix(.013,0,0,-0.013,10.848,0)"><path d="M535 323V373H52V323H535ZM535 138V188H52V138H535Z" 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Chinese Journal of Mathematics

fig3

Figure 3

Figure 3: Value Function and Optimal Rule on the Optimal Stopping Problem for Continuous-Time Markov Processes 