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- W4362654717 abstract "In this paper, a restricted free boundary problem model for the remaining loan value under a flexible repayment method is proposed. The model is formulated as a weak coupling problem between parabolic variational inequality and partial differential equation. The existence and uniqueness of the solution are obtained. Some properties of the free boundary, such as boundedness, monotonicity and smoothness, are also studied. Especially, the relationship between the free boundary and its lower bound threshold is discussed. As the expected clear off time of the loan cannot be analytically expressed, numerical calculation is shown. Some numerical results for the free boundary are also presented." @default.
- W4362654717 created "2023-04-07" @default.
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- W4362654717 date "2023-01-01" @default.
- W4362654717 modified "2023-10-18" @default.
- W4362654717 title "A free boundary problem for a flexible loan based on the borrower asset" @default.
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- W4362654717 doi "https://doi.org/10.3934/dcdsb.2023066" @default.
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