In this paper, an optimal switching problem is proposed for one-dimensional reflected backward stochastic differential equations (RBSDEs, for short) where the generators, the terminal values and the barriers are all switched with positive costs. The
value process is characterized by a system of multi-dimensional RBSDEs with oblique reflection, whose existence and uniqueness are by no means trivial and are therefore carefully examined. Existence is shown using both methods of the Picard iteration and penalization, but under some different conditions. Uniqueness is proved by representation either as the value process to our optimal switching problem for one-dimensional RBSDEs, or as the equilibrium value process to a stochastic differential game of switching and stopping. Finally, the switched RBSDE is interpreted as a real option.
The dynamics of two variants of quantum Fisher information under decoherence are investigated from a geometrical point of view. We first derive the explicit formulas of these two quantities for a single qubit in terms of the Bloch vector. Moreover, w
e obtain analytical results for them under three different decoherence channels, which are expressed as affine transformation matrices. Using the hierarchy equation method, we numerically study the dynamics of both the two information in a dissipative model and compare the numerical results with the analytical ones obtained by applying the rotating-wave approximation. We further express the two information quantities in terms of the Bloch vector for a qudit, by expanding the density matrix and Hermitian operators in a common set of generators of the Lie algebra $mathfrak{su}(d)$. By calculating the dynamical quantum Fisher information, we find that the collisional dephasing significantly diminishes the precision of phase parameter with the Ramsey interferometry.
