Fully-Funded UKRI and Swansea University Funded PhD Scholarship: Optimal Problems under Contagious Markets with Regime Switching and Risk Uncertainty (RS648) in the UK at Swansea University
Applicant criteria
- No specific age required
- Both
Opportunity criteria
Opportunity description
Swansea University is accepting applications for Mathematics: UKRI and Swansea University Funded PhD Scholarship: Optimal Problems under Contagious Markets with Regime Switching and Risk Uncertainty (RS648)
Funding provider(s): UKRI and Faculty of Science and Engineering
Aligned programme of study: PhD in Mathematics
In this project, different optimal control problems will be considered under a contagious financial and insurance market with regime switching and risk uncertainty.
In the first chapter, an optimal portfolio choice and life consumption problem will be studied under a fragile financial market with regime switching and risk uncertainty, where the transition matrix is no longer constant but depends on historical paths of financial assets in that market.
In the second chapter, an optimal re-insurance problem will be investigated under a contagious insurance market with regime switching. A stochastic differential game will be constructed to find the optimal reinsurance policy by considering the interaction between the insurer and the reinsurer.
More chapters will be considered if the first two chapters run smoothly.
Benefits
- This scholarship covers the full cost of UK tuition fees and an annual stipend of £19,237.
- Additional research expenses of up to £1000 per year will also be available.
Eligibility criteria
- Candidates must hold a UK Bachelor degree with a minimum of Upper Second Class honours or overseas Bachelor degree deemed equivalent to UK Bachelor (by UK ECCTIS) and achieved a grade equivalent to UK Upper Second Class honours, OR a master’s degree with a minimum overall grade at ‘Merit’ (or Non-UK equivalent as defined by Swansea University). – see
country specific qualifications. - Due to funding restrictions, this scholarship is open to applicants eligible to pay tuition fees at the UK rate only, as defined by
UKCISA regulations. - Please note that you may need to provide evidence of your English Language proficiency.
- If you have any questions regarding your academic or fee eligibility based on the above, please email
pgrscholarships@swansea.ac.uk with the web-link to the scholarship(s) you are interested in.
Documents:
- CV
- Degree certificates and transcripts (if you are currently studying for a degree, screenshots of your grades to date are sufficient)
- A cover letter including a ‘Supplementary Personal Statement’ to explain why the position particularly matches your skills and experience and how you choose to develop the project.
- Two references (academic or previous employer) on headed paper or using the
Swansea University reference form. Please note that we are not able to accept references received citing private email accounts, e.g. Hotmail. Referees should cite their employment email address for verification of reference. - Evidence of meeting English Language requirement (if applicable).
- Copy of UK resident visa (if applicable)
- Confirmation of EDI form submission (optional)
About Swansea University:
Swansea University is a research-led institution with an outstanding reputation for the quality of its student experience. Founded in 1920, It currently offers about 330 undergraduate courses and 120 post-graduate courses to 19,160 undergraduate and postgraduate students.
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