Existence of stochastic entropy solutions for stochastic scalar balance laws with Lipschitz vector fields
Jinlong Wei, Liang Ding, Bin Liu

TL;DR
This paper establishes the existence of stochastic entropy solutions for scalar stochastic balance laws with Lipschitz vector fields, using BGK approximation and generalized Itô formula, including applications to Buckley-Leverett equations.
Contribution
It introduces a novel proof technique for existence of stochastic entropy solutions for scalar laws with Lipschitz vector fields, extending to Buckley-Leverett equations.
Findings
Existence of stochastic entropy solutions proven for scalar stochastic balance laws.
Application of BGK approximation and generalized Itô formula in the proof.
Existence results extended to Buckley-Leverett type equations.
Abstract
In this paper, we consider a scalar stochastic balance law and gain the existence for stochastic entropy solutions. Our proof relies on the BGK approximation and the generalized It\^{o} formula. Moreover, as an application, we derive the existence of stochastic entropy solutions for stochastic Buckley-Leverett type equations.
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Taxonomy
TopicsStochastic processes and financial applications · Navier-Stokes equation solutions · Cosmology and Gravitation Theories
