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Research article

Optimal investment and reinsurance for the insurer and reinsurer with the joint exponential utility under the CEV model

  • This paper considers the problem of optimal investment-reinsurance for the insurer and reinsurer under the constant elasticity of variance (CEV) model. It is assumed that the net claims process is approximated by a diffusion process, both the insurer and reinsurer can invest in risk-free assets and risky assets. We use the variance premium principle to calculate the premiums of the insurer and reinsurer, and the reinsurance proportion is constrained by the net profit condition. Our objective is to maximize the joint exponential utility of the insurer and reinsurer's terminal wealth for a fixed time. By solving the HJB equation, we obtain the explicit expressions of the optimal investment-reinsurance strategy and value function. We find that the optimal reinsurance strategy can be divided into many cases and is related to the risk aversion coefficient of the insurer and reinsurer, but independent of the price of risky assets. Furthermore, we give the proof of the verification theorem. Finally, we demonstrate a numerical analysis to explain the results.

    Citation: Ling Chen, Xiang Hu, Mi Chen. Optimal investment and reinsurance for the insurer and reinsurer with the joint exponential utility under the CEV model[J]. AIMS Mathematics, 2023, 8(7): 15383-15410. doi: 10.3934/math.2023786

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  • This paper considers the problem of optimal investment-reinsurance for the insurer and reinsurer under the constant elasticity of variance (CEV) model. It is assumed that the net claims process is approximated by a diffusion process, both the insurer and reinsurer can invest in risk-free assets and risky assets. We use the variance premium principle to calculate the premiums of the insurer and reinsurer, and the reinsurance proportion is constrained by the net profit condition. Our objective is to maximize the joint exponential utility of the insurer and reinsurer's terminal wealth for a fixed time. By solving the HJB equation, we obtain the explicit expressions of the optimal investment-reinsurance strategy and value function. We find that the optimal reinsurance strategy can be divided into many cases and is related to the risk aversion coefficient of the insurer and reinsurer, but independent of the price of risky assets. Furthermore, we give the proof of the verification theorem. Finally, we demonstrate a numerical analysis to explain the results.



    This study focuses on examining the following thermoelastic laminated beam along with microtemperature effects, nonlinear structural damping, nonlinear time-varying delay, and time-varying coefficients:

    {ϱψtt+G(uψx)x=0,Iϱ(3ϕu)ttD(3ϕu)xxG(uψx)=0,3Iϱϕtt3Dϕxx+3G(uψx)+γθx+drx+4δϕ+βb(t)h1(ϕt(x,t))+μb(t)h2(ϕt(x,tς(t)))=0,cθtk0θxx+γϕtx+k1rx=0,αrtk2rxx+k3r+dϕtx+k1θx=0, (1.1)

    where

    x(0,1),t(0,).

    System Eq (1.1) rests on the below listed initial and boundary conditions:

    {ψ(x,0)=ψ0,ϕ(x,0)=ϕ0,u(x,0)=u0,θ(x,0)=θ0,r(x,0)=r0,x(0,1),ψt(x,0)=ψ1,ϕt(x,0)=ϕ1,ut(x,0)=u1,x(0,1),ψx(0,t)=ϕ(0,t)=u(0,t)=θ(0,t)=r(0,t)=0,t>0,ϕx(1,t)=ux(1,t)=ψ(1,t)=θ(1,t)=r(1,t)=0,t>0,ϕt(x,tς(t))=f0(x,tς(0)),(x,t)(0,1)×(0,ς(0)). (1.2)

    Here, ψ,u,ϕ,θ, and r stand for the transverse displacement, the rotation angle, the amount of slip along the interface, the difference temperature, and the microtemperature vector, respectively. The coefficients β,δ,ϱ,Iϱ,G, and D, are positive and represent the adhesive damping weight, the adhesive stiffness, the density, the shear stiffness, the flexural rigidity, and the mass moment of inertia, respectively. We denote by the positive constants c,k0,k1,k2,k3,dγ and α, the physical parameters describing the coupling between the various constituents of the materials.

    Herein ς(t)>0 is the time-varying delay and μ denotes a positive damping constant, while the function b(t) stands for the nonlinear weight.

    Structural beams play a crucial role in numerous engineering applications, as some machines are relying on a multitude of them, making them indispensable. As they need to withstand diverse challenges, and adapt to various scenarios, these beams have evolved into a sophisticated technology, embodying cutting-edge engineering concepts. Researchers have proposed various theories to explain their behavior, including the popular Euler-Bernoulli beam theory and the Timoshenko beam theory, which excels in dealing with thick beams under the influence of shear forces and rotatory inertia.

    Frequently, the unwanted vibrations of these beams are caused by internal or external forces, which compel scientists to find efficient ways to rapidly mitigate these vibrations. To achieve this objective, numerous types of dampers have been developed.

    Time delays can result in lags among input and output processing as well as in achieving or restoring the stability of the coveted system, after internal or external perturbations. The presence of these lags is due to the nature of transportation and processing of information of control systems. Delay differential equations are the most efficient method for explicitly analyzing the impact of delays on stability in control systems. Even though including delays may support system control in some cases, as indicated in [1], researches suggest that delays can also cause instability and degrade the system efficiency. Regarding the time-varying delay along with nonlinear weight, we should invoke the research of Mukiawa et al. [2], in which a thermoelastic Timoshenko beam with suspenders together with time-varying delay and nonlinear weight was considered, and a general stability result was demonstrated, with convenient assumptions regarding incorporated nonlinear terms.

    When it comes to boundary stabilization study, Wang et al. were the pioneers in providing results. They demonstrated an exponential decay result for a laminated beams with structural damping, mixed homogeneous boundary conditions, and unequal wave speeds in their study [3]. Later on, Tatar enhanced upon the work of [3] in [4] by also proving a similar exponential decay result, but supposing that ϱG<Iϱ.

    In the matter of microtemperature effects, we bring up the study of Khochemane [5], where he investigated a theromelastic porous problem, together with microtemperature effects. When the thermal conductivity equals zero, he managed to establish that the dissipation due solely to microtemperature is adequate to stabilize the system exponentially, regardless of the system's wave velocities, and any possible assumption concerning the coefficients.

    Newly, a thermoelastic laminated beam along with structural damping was examined by Fayssal in [6] and he came to the conclusion that an exponential stability result is achievable if

    ϱG=IϱD. (1.3)

    The coupled system we've described involves several complex physical phenomena, including thermoelasticity, laminated beams, microtemperature effects, nonlinear structural damping, and nonlinear time-varying delay. Let's break down each component and its physical background:

    Thermoelastic laminated beam: A laminated beam consists of multiple layers of different materials bonded together. Thermoelasticity refers to the combined behavior of thermal and elastic effects in a material. When the beam is subjected to temperature changes or thermal gradients, it experiences thermal expansion/contraction, which induces mechanical stresses and deformations due to the elastic properties of the materials.

    Microtemperature effects: This refers to the consideration of temperature variations at a very small scale, such as at the microstructural level of the materials. At this scale, temperature gradients can lead to localized effects, such as material phase changes, microstructural alterations, or thermal stresses, which can influence the overall behavior of the coupled system.

    Nonlinear structural damping: Damping is a phenomenon that dissipates energy from a vibrating system. Nonlinear damping implies that the damping force is not linearly proportional to the velocity of the system. This can occur due to various reasons, such as material hysteresis, contact friction, or fluid-structure interactions. Nonlinear damping can significantly affect the dynamic response of the system.

    Nonlinear time-varying delay: A time delay occurs when an effect is not instantaneous and takes some time to propagate through a system. Nonlinear and time-varying delays mean that the delay itself changes based on the current state of the system, and this delay may also have nonlinear effects on the overall behavior. Time delays can lead to instability, oscillations, or even chaos in dynamic systems. The physical background of this coupled system involves the intricate interplay of these phenomena. It requires a sophisticated mathematical and computational approach to model and analyze the system's behavior accurately. Researchers and engineers studying such systems aim to understand how these factors interact and influence each other to predict the system's response to different inputs, boundary conditions, and environmental changes. Such analyses are crucial in various fields, including material science, structural engineering, and advanced manufacturing, where a deep understanding of complex coupled systems is essential for designing reliable and efficient systems.

    The remnant of the article is arranged in the following manner: In Section 2, we give necessary assumptions and resources for our study, then bring out our major results. In Section 3, we present useful lemmas, which are indispensable later in the proof. In Section 4, we establish, by means of the energy approach our coveted stability results.

    This section is devoted to revealing our major results and setting the necessary assumptions supporting the proof later.

    Similar to [7,8,9], we set the ensuing assumptions:

    ● (A1) The function h1:RR is increasing and of class C0, moreover, there exist constants λ1,λ2,ε>0, and a convex increasing function TC1([0,+))C2((0,+)), fulfilling T(0)=0, or the latter is nonlinear strictly convex of class C2 on (0,ε], and T,T(0)>0, in a way that we have

    {z2+h21(z)T1(zh1(z)),|z|ε,λ1z2zh1(z)λ2z2,|z|ε. (2.1)

    The function h2:RR is odd and increasing, with h2C1(R), in addition, there exist ϑ1,ϑ2,λ3>0, such that

    zϑ1h2(z)ξ(z)zϑ2h1(z), (2.2)
    |h2(z)|λ3, (2.3)

    where

    ξ(z)=z0h2(y)dy.

    This function and conditions are found in many related papers, for example see reference [10], page 1521.

    ● (A2) The function b:[0,+)(0,+) is decreasing, and of class C1, furthermore

    {|b(t)|Γb(t),Γ>0,0b(t)dt=+. (2.4)

    ● (A3) The time-varying delay fulfils

    0<ς0ς(t)ς1,ς0,ς1>0,t>0, (2.5)
    ς(t)d0<1,d0>0,t>0, (2.6)
    ςW2,(0,S),S>0. (2.7)

    ● (A4) Regarding coefficients β,μ, they satisfy

    ϑ2μ(1d0ϑ1)<(1d0)ϑ1β. (2.8)

    Remark 2.1. The mean value theorem for integrals, together with the monotonicity of h2, provides us with

    ξ(z)zh2(z), (2.9)

    and estimate Eq (2.2) leads us to announce that

    ϑ1<1.

    Following the lead of [11], we shall begin by introducing

    Y(x,p,t)=ϕt(x,tpς(t)) in (0,1)×(0,1)×(0,). (2.10)

    Thereby, Y certainly fulfills

    ς(t)Yt(x,p,t)+(1pς(t))Yp(x,p,t)=0. (2.11)

    Then, we are capable of rewriting system Eq (1.1) as

    {ϱψtt+G(uψx)x=0,Iϱ(3ϕu)ttD(3ϕu)xxG(uψx)=0,3Iϱϕtt3Dϕxx+3G(uψx)+γθx+drx+4δϕ+βb(t)h1(ϕt(x,t))+μb(t)h2(Y(x,1,t))=0,cθtk0θxx+γϕtx+k1rx=0,αrtk2rxx+k3r+dϕtx+k1θx=0,ς(t)Yt(x,p,t)+(1pς(t))Yp(x,p,t)=0. (2.12)

    Surely, system Eq (2.12) depends on the below listed initial and boundary conditions:

    {ψ(x,0)=ψ0,ϕ(x,0)=ϕ0,u(x,0)=u0,θ(x,0)=θ0,r(x,0)=r0,x(0,1),ψt(x,0)=ψ1,ϕt(x,0)=ϕ1,ut(x,0)=u1,x(0,1),ψx(0,t)=ϕ(0,t)=u(0,t)=θ(0,t)=r(0,t)=0,t>0,ϕx(1,t)=ux(1,t)=ψ(1,t)=θ(1,t)=r(1,t)=0,t>0,Y(x,0,t)=ϕt(x,t),Y(x,p,0)=f0(x,ς(0)p),(x,p)((0,1))2,t>0. (2.13)

    Demonstrating the existence and uniqueness result is attainable, if we pursue the Faedo-Galerkin approach, as elucidated in [12].

    To address problem Eq (2.12) properly, we shall consider the following positive constant:

    μ(1ϑ1)(1d0)ϑ1<˜ν<βϑ2μϑ2, (2.14)

    along with

    ν(t)=˜νb(t),

    furthermore, Y(p) will serve to denote Y(x,p,t).

    We present the energy of the concerned system Eqs (2.12) and (2.13) by

    E(t)=1210{ϱψ2t+Iϱ(3ϕtut)2+D(3ϕxux)2+3Iϱϕ2t+3Dϕ2x}dx+1210{G(uψx)2+4δϕ2+cθ2+αr2}dx+ς(t)ν(t)1010ξ(Y(x,p,t))dpdx. (2.15)

    We then give the ensuing stability result.

    Theorem 2.1. Let (ψ,u,ϕ,θ,r,Y) be the solution of Eqs (2.12) and (2.13), and let (A1)-(A4), and Eq (1.3) hold. Then, there exist positive constants ϰ0,ϰ1,ϰ2, and ε0 such that

    E(t)ϰ0T12(ϰ1t0b(z)dz+ϰ2),t0, (2.16)

    where

    {T2(t)=1t1T1(z)dz,T1(t)=tT(ε0t).

    As numerous examples related to the already defined assumptions and our stability result were explored in earlier works, the reader may reference [2] for more information.

    For more details, the existence and uniqueness of the solution of our problem can be established by continuing the arguments of the Faedo-Galerkin method as in reference [12].

    Establishing the practical lemmas necessary to support our stability results proof is the primary goal of this section. We use a particular method known as the multiplier technique, the latter allows us to demonstrate the stability result of problem Eq (2.12). To make matters simpler, we will utilize χ,Υ>0 to symbolize a generic constants that may vary from one line to another (including within the same line).

    Lemma 3.1. Consider (ψ,u,ϕ,θ,r,Y) the solution of Eqs (2.12) and (2.13), then, the energy functional satisfies

    E(t)b(t)(˜ν(1ς(t))ϑ1μ(1ϑ1))10Y(1)h2(Y(1))dxk010θ2xdxk210r2xdxk310r2dxb(t)(β˜νϑ2μϑ2)10ϕth1(ϕt)dx0,t0. (3.1)

    Proof. To start with, we multiply the first five equations of system Eq (2.12) by ψt, (3ϕtut),ϕt, θ, and r, respectively. After that, we integrate over (0,1) and employ integration by parts along with boundary conditions Eq (2.13), to establish

    12ddt10{ϱψ2t+Iϱ(3ϕtut)2+D(3ϕxux)2+3Iϱϕ2t+3Dϕ2x+4δϕ2}dx+12ddt10{G(uψx)2+cθ2+αr2}dx=k010θ2xdxk210r2xdxk310r2dxβb(t)10ϕth1(ϕt)dxμb(t)10ϕth2(Y(1))dx. (3.2)

    Then, we need to multiply Eq (2.12)6 by ν(t)h2(Y(p)), and integrate over (0,1)×(0,1), to achieve

    ν(t)ς(t)1010h2(Y(p))Yt(p)dpdx=ν(t)1010(1pς(t))pξ(Y(p))dpdx. (3.3)

    Thereby,

    ddt[ν(t)ς(t)1010ξ(Y(p))dpdx]=ν(t)1010p((1pς(t))ξ(Y(p)))dpdx+ν(t)ς(t)1010ξ(Y(p))dpdx=ν(t)10[ξ(Y(0))ξ(Y(1))]dx+ς(t)ν(t)10ξ(Y(1))dx+ς(t)ν(t)1010ξ(Y(p))dpdx=ν(t)(1ς(t))10ξ(Y(1))dx+ς(t)ν(t)1010ξ(Y(p))dpdx+ν(t)10ξ(ϕt)dx,

    which accompanied with Eq (3.2), (A2) and Eq (2.2), leads to

    E(t)k010θ2xdxk210r2xdxk310r2dxμb(t)10ϕth2(Y(1))dx(βb(t)ϑ2ν(t))10ϕth1(ϕt)dxν(t)(1ς(t))10ξ(Y(1))dx. (3.4)

    We shall now define the convex conjugate function of ξ,

    ξ(z)=z(ξ)1(z)ξ[(ξ)1(z)],z0. (3.5)

    This makes, the relation listed below valid by means of the general Young's inequality (see [13,14]):

    zvξ(z)+ξ(v),z,v0. (3.6)

    We employ the definition of ξ as well as Eq (2.3), to obtain

    ξ(z)=zh12(z)ξ(h12(z)),z0, (3.7)

    and the simple combination of Eqs (3.7) and (2.2) results in

    ξ(h2(Y(1)))=Y(1)h2(Y(1))ξ(Y(1))(1ϑ1)Y(1)h2(Y(1)). (3.8)

    Then, we benefit of Eqs (3.4), (3.6) and (3.8), to be in position to write

    E(t)k010θ2xdxk210r2xdxk310r2dx(βb(t)ϑ2ν(t)ϑ2μb(t))10ϕth1(ϕt)dx(ν(t)(1ς(t))ϑ1μb(t)(1ϑ1))10Y(1)h2(Y(1))dxk010θ2xdxk210r2xdxk310r2dxb(t)(βϑ2(˜ν+μ))10ϕth1(ϕt)dxb(t)(˜νϑ1(1ς(t))μ(1ϑ1))10Y(1)h2(Y(1))dx. (3.9)

    We finally prove estimate Eq (3.1), with the aid of Eqs (2.14) and (2.6).

    Lemma 3.2. Consider the functional

    I1(t):=ϱD10ψt(3ϕxux)dx+3IϱG10ϕt(3ϕu)dxIϱG10ψx(3ϕtut)dx. (3.10)

    Then, it satisfies

    I1(t)GD210(3ϕxux)2dx+ϵ110(3ϕtut)2dx+Υ10ϕ2xdx+Υϵ110ϕ2tdx+Υ10(uψx)2dx+Υ10θ2xdx+Υ10r2xdx+Υ10|h1(ϕt)|2dx+Υ10|h2(Y(1))|2dx,for any ϵ1>0. (3.11)

    Proof. Here, we directly differentiate I1. After that we take advantage of Eqs (2.12)1,2,3, integrate by parts, and ψx=(uψx)+u, to find

    I1(t)=GD10(3ϕxux)2dx+3IϱG10ϕt(3ϕtut)dx3G210(uψx)(3ϕu)dx4δG10ϕ(3ϕu)dxγG10θx(3ϕu)dxdG10rx(3ϕu)dxβGb(t)10(3ϕu)h1(ϕt)dxμGb(t)10(3ϕu)h2(Y(1))dxG210(uψx)ψxdx(ϱDIϱG)10(3ϕu)xtψtdx.

    Once again, observing that ψx=(uψx)(3ϕu)+3ϕ and maintaining Eq (1.3), gives

    I1(t)=GD10(3ϕxux)2dx+3IϱG10ϕt(3ϕtut)dx2G210(uψx)(3ϕu)dx4δG10ϕ(3ϕu)dxγG10θx(3ϕu)dxdG10rx(3ϕu)dxβGb(t)10(3ϕu)h1(ϕt)dxμGb(t)10(3ϕu)h2(Y(1))dx+G210(uψx)2dx3G210ϕ(uψx)dx. (3.12)

    Since (A2) implies that b(t)b(0), estimate Eq (3.11) is established, if we consider Young and Poincaré's inequalities.

    Lemma 3.3. Consider the functional

    I2(t):=3ϱD10ψtϕxdx+3IϱG10(uψx)ϕtdx.

    Then, it satisfies

    I2(t)G210(uψx)2dx+Υ10ϕ2xdx+Υ10θ2xdx+ϵ210(3ϕtut)2dx+Υ(1+1ϵ2)10ϕ2tdx+Υ10r2xdx+Υ10|h1(ϕt)|2dx++Υ10|h2(Y(1))|2,for any ϵ2>0. (3.13)

    Proof. Employing Eqs (2.12)1 and (2.12)3, together with integration by parts, shows that

    I2(t)=3G210(uψx)2dx3(IϱGϱD)10ψxtϕtdx+3IϱG10utϕtdx4δG10ϕ(uψx)dxγG10θx(uψx)dxdG10rx(uψx)dxβGb(t)10(uψx)h1(ϕt)dxμGb(t)10(uψx)h2(Y(1))dx.

    Then, by Eq (1.3) and ut=(3ϕtut)+3ϕt, we achieve

    I2(t)=3G210(uψx)2dx+9IϱG10ϕ2tdx3IϱG10(3ϕtut)ϕtdx4δG10ϕ(uψx)dxγG10θx(uψx)dxdG10rx(uψx)dxβGb(t)10(uψx)h1(ϕt)dxμGb(t)10(uψx)h2(Y(1))dx,

    and by means of (A2) and Young and Poincaré's inequalities, we terminate the proof of Eq (3.13).

    Lemma 3.4. Consider the functional

    I3(t):=3Iϱ10ϕϕtdx3ϱ10ϕx0ψt(y)dydx. (3.14)

    Then, it satisfies

    I3(t)3D10ϕ2xdxδ10ϕ2dx+Υ10θ2xdx+ϵ310ψ2tdx+Υ(1+1ϵ3)10ϕ2tdx+Υ10r2xdx+Υ10|h1(ϕt)|2dx+Υ10|h2(Y(1))|2dx,for any ϵ3>0. (3.15)

    Proof. Employing Eqs (2.12)1 and (2.12)3, together with integration by parts, shows that

    I3(t)=3Iϱ10ϕ2tdx3D10ϕ2xdx4δ10ϕ2dxγ10θxϕdxd10rxϕdxβb(t)10ϕh1(ϕt)dxμb(t)10ϕh2(Y(1))dx3ϱ10ϕtx0ψt(y)dydx.

    Establishing Eq (3.15) is achievable once considering (A2) along with Young and Poincaré's inequalities.

    Lemma 3.5. Consider functional

    I4(t):=ϱ10ψtψdx. (3.16)

    Then, it satisfies

    I4(t)ϱ10ψ2tdx+D10(3ϕxux)2dx+Υ10(uψx)2dx+Υ10ϕ2xdx. (3.17)

    Proof. To start with, we differentiate I4, and consider Eq (2.12)1 with integration by parts, to achieve

    I4(t)=ϱ10ψ2tdxG10ψx(uψx)dx, (3.18)

    and observing that ψx=(uψx)(3ϕu)+3ϕ, we obtain

    I4(t)=ϱ10ψ2tdx+G210(uψx)2dx+G10(uψx)(3ϕu)dx3G10ϕ(uψx)dx. (3.19)

    By means of Young and Poincaré's inequalities, we have

    G10(uψx)(3ϕu)dxG24D10(uψx)2dx+D10(3ϕxux)2dx, (3.20)

    and

    3G10ϕ(uψx)dx3G210(uψx)2dx+3G210ϕ2xdx, (3.21)

    once we replace Eqs (3.20) and (3.21) into Eq (3.19), the estimate (3.17) is easily proved.

    Lemma 3.6. Consider the functional

    I5(t):=Iϱ10(3ϕu)t(3ϕu)dx. (3.22)

    Then, it satisfies

    I5(t)Iϱ10(3ϕtut)2dx+2D10(3ϕxux)2dx+Υ10(uψx)2dx. (3.23)

    Proof. We advance by differentiating I5, employing Eq (2.12)2 accompanied with integration by parts, which results in

    I5(t)=Iϱ10(3ϕu)tt(3ϕu)dxIϱ10(3ϕtut)2dx=Iϱ10(3ϕtut)2dx+D10(3ϕxux)2dxG10(3ϕu)(uψx)dx. (3.24)

    We terminate our proof, once Young and Poincaré's inequalities are used.

    Lemma 3.7. Consider the functional

    I6(t):=˜νς(t)1010e2pς(t)ξ(Y(p))dpdx. (3.25)

    Then, it satisfies

    I6(t)ϑ2˜ν210(|h1(ϕt)|2+ϕ2t)dx2I6(t),t0. (3.26)

    Proof. We take here the derivative of I6, to find

    I6(t)=˜νς(t)1010e2ς(t)pξ(Y(p))dpdx+˜νς(t)1010e2ς(t)pYt(p)h2(Y(p))dpdx2˜νς(t)ς(t)1010pe2ς(t)pξ(Y(p))dpdx. (3.27)

    Equation (2.12)6 enables us to write

    ς(t)1010e2ς(t)pYt(p)h2(Y(p))dpdx=1010e2ς(t)p(pς(t)1)Yp(p)h2(Y(p))dpdx=1010p(e2ς(t)p(pς(t)1)ξ(Y(p)))dpdxς(t)1010e2ς(t)pξ(Y(p))dpdx+2ς(t)1010e2ς(t)p(pς(t)1)ξ(Y(p))dpdx=10ξ(ϕt)dx(1ς(t))e2ς(t)10ξ(Y(1))dxς(t)1010e2ς(t)pξ(Y(p))dpdx+2ς(t)1010e2ς(t)p(pς(t)1)ξ(Y(p))dpdx, (3.28)

    which together with Eq (3.27) leads to

    I6(t)=˜ν10ξ(ϕt)dx2˜νς(t)1010e2ς(t)pξ(Y(p))dpdx(1ς(t))e2ς(t)10ξ(Y(1))dx. (3.29)

    To prove Eq (3.26), it is convenient to consider Young's inequality accompanied by Eq (2.2).

    Here, we exploit lemmas from Section 3 to demonstrate our stability results.

    Proof of Theorem 2.1. We advance by introducing a Lyapunov functional

    R(t)=NE(t)+6i=1NiIi(t),t0, (4.1)

    where constants N,Ni>0,i=16, will be fixed later.

    By Eq (4.1), we are in position to write

    |R(t)NE(t)|ϱDN110|ψt(3ϕxux)|dx+3IϱGN110|ϕt(3ϕu)|dx+IϱGN110|ψx(3ϕtut)|dx+3ϱDN210|ψtϕx|dx+3IϱGN210|(uψx)ϕt|dx+3IϱN310|ϕϕt|dx+3ϱN310|ϕx0ψt(y)dy|dx+ϱN410|ψtψ|dx+IϱN510|(3ϕu)t(3ϕu)|dx+˜νς(t)N61010e2pς(t)ξ(Y(p))dpdx.

    By means of the energy definition accompanied with Young, Cauchy-Schwarz, and Poincaré's, we achieve

    |R(t)E(t)|dE(t), where d>0,

    i.e.,

    (Nd)E(t)R(t)(N+d)E(t). (4.2)

    We now differentiate the Lyapunov functional R, consider Eqs (3.1), (3.11), (3.13), (3.15), (3.17), (3.23), (3.26) and let

    N1=8G,N4=N5=N6=1,ϵ1=Iϱ4N1,ϵ2=Iϱ4N2,ϵ3=ϱ2N3,

    to get

    R(t)ϱ210ψ2tdx[3DN3ΥN2Υ]10ϕ2xdxIϱ210(3ϕtut)2dxδN310ϕ2dx[G2N2Υ]10(uψx)2dxD10(3ϕxux)2dx[k0NΥN2ΥN3Υ]10θ2xdx[k2NΥN2ΥN3Υ]10r2xdxk3N10r2dx2e2ς1b(0)ν(t)ς(t)1010ξ(Y(p))dpdx+[ΥN2+ΥN3+Υ+˜νϑ22]10|h1(ϕt)|2dx+[ΥN2+ΥN3+Υ]10|h2(Y(1))|2dx+[ΥN2(1+N2)+ΥN3(1+N3)+Υ+˜νϑ22]10ϕ2tdx. (4.3)

    Subsequently, we select coefficients in Eq (4.3) such that all of them (excluding the final three) turn negative. To this end, we opt to take N2 to be sufficiently large so that

    G2N2Υ>0,

    which makes us opt to take N3 enough large to have

    3DN3ΥN2Υ>0,

    and we finish by taking N to be fairly huge to obtain both Eq (4.2) and

    {k0NΥN2ΥN3Υ>0,k2NΥN2ΥN3Υ>0.

    Now, it is convenient to consider definition Eq (2.15) along with the above selection of constants, and Poincaré's inequality, to find

    R(t)ΛE(t)+χ10(ϕ2t+|h1(ϕt)|2)dx+χ10|h2(Y(1))|2dx,Λ,χ>0. (4.4)

    As a part of this proof, we shall distinguish two cases:

    Case 1: Suppose that T is linear. Hypothesis (A1) enables us to write

    λ1|z||h1(z)|λ2|z|,zR,

    hence,

    h21(z)λ2uh1(z),zR. (4.5)

    If we multiply Eq (4.4) by b(t) and take advantage of both Eqs (3.1) and (4.5), we easily come to

    b(t)R(t)Λb(t)E(t)+χb(t)10ϕth1(ϕt)dx+χb(t)10Y(1)h2(Y(1))dxΛb(t)E(t)χE(t),tR+.

    Now, we continue by introducing

    R(t):=b(t)R(t)+χE(t). (4.6)

    If we consider Eq (4.2) together with (A1), it is obvious to observe that

    R(t)E(t), (4.7)

    and

    R(t)Λ1b(t)R(t),Λ1>0,t0. (4.8)

    Finally, we simply integrate Eq (4.8) and exploit Eq (4.7), to be able to get

    E(t)ϰ0exp(ϰ1t0b(z)dz)=ϰ0T12[ϰ1t0b(z)dz],t0. (4.9)

    Case 2: Suppose that T is nonlinear on (0,ε]. Following the lead of [10], we take 0<ε1ε, in a way that

    zh1(z)min{ε,T(ε)},|z|ε1. (4.10)

    With the help of (A1) accompanied with h1 being continuous, and observing that |h1(z)|>0,z0, we establish

    {z2+h21(z)T1(zh1(z)),|z|ε1,λ1|z||h1(z)|λ2|z|,|z|ε1. (4.11)

    If we take the below partitions

    J1={x(0,1):|ϕt|ε1},J2={x(0,1):|ϕt|>ε1},
    J3={x(0,1):|Y(1)|ε1},J3={x(0,1):|Y(1)|>ε1},

    then, the Jensen inequality along with the concavity of T1, gives us

    T1(J(t))χJ1T1(ϕth1(ϕt))dx, (4.12)

    where

    J(t)=J1ϕth1(ϕt)dx.

    Employing the above estimates, we are in position to write

    b(t)10(ϕ2t+h21(ϕt))dx=b(t)J1(ϕ2t+h21(ϕt))dx+b(t)J2(ϕ2t+h21(ϕt))dxb(t)J1T1(ϕth1(ϕt))dx+χb(t)J2(ϕth1(ϕt))dxχb(t)T1(J(t))χE(t), (4.13)

    and

    b(t)10h22(Y(1))dx=b(t)J3h22(Y(1))dx+b(t)J4h22(Y(1))dxχb(t)J3Y(1)h2(Y(1))dx+b(t)J4Y(1)h2(Y(1))dxχE(t). (4.14)

    Let us now multiply Eq (4.4) by b(t) and then apply both estimates Eqs (4.13) and (4.14) to achieve

    b(t)R(t)+χE(t)Λb(t)E(t)+χb(t)T1(J(t)).

    We shall next introduce

    R0(t):=b(t)R(t)+χE(t). (4.15)

    Taking relation Eq (4.2) into account, we readily obtain

    R0(t)E(t), (4.16)

    but then according to (A2),

    R0(t)Λb(t)E(t)+χb(t)T1(J(t)). (4.17)

    We then take the functional

    R1(t):=T(E(t)E(0)ε0)R0(t)+Λ0E(t),ε0<ε,Λ0>0, (4.18)

    along with the fact that E0,T>0,T>0,on (0,ε], to reach

    ˉc1R1(t)E(t)ˉc2R1(t),ˉc1,ˉc2>0. (4.19)

    Moreover, once we utilize Eq (4.17), we see that

    R1(t)=ε0E(t)E(0)T(E(t)E(0)ε0)R0(t)+T(E(t)E(0)ε0)R0(t)+Λ0E(t)Λb(t)T(E(t)E(0)ε0)E(t)+χb(t)T(E(t)E(0)ε0)T1(J(t))+Λ0E(t). (4.20)

    Set

    Z=χb(t)T(E(t)E(0)ε0)T1(J(t)).

    Similar to what we did earlier, we shall now estimate Z by letting T be the convex conjugate of T given by

    T(z)=z(T)1(z)T[(T)1(z)]z(T)1(z), where z(0,T(ε)). (4.21)

    Moreover, applying the general Young's inequality, we notice that

    zvT(z)+T(v), where z(0,T(ε)),v(0,ε]. (4.22)

    Let us also set

    z=T(E(t)E(0)ε0), and v=T1(J(t)),

    exploiting Eqs (4.20)–(4.22), (4.10), along with Lemma 3.1, yields

    R1(t)Λb(t)T(E(t)E(0)ε0)E(t)+χb(t)(T[T(E(t)E(0)ε0)]+T[T1(J(t))])+Λ0E(t)=Λb(t)T(E(t)E(0)ε0)E(t)+χb(t)T[T(E(t)E(0)ε0)]+χb(t)J(t)+Λ0E(t)Λb(t)T(E(t)E(0)ε0)E(t)+ε0χb(t)E(t)E(0)T(E(t)E(0)ε0)χE(t)+Λ0E(t)(ΛE(0)ε0χ)b(t)E(t)E(0)T(E(t)E(0)ε0)+(Λ0χ)E(t). (4.23)

    Next, we shall pick ε0=ΛE(0)2χ, Λ0=2χ, and notice that E(t)0 to achieve estimate

    R1(t)Λ1b(t)E(t)E(0)T(E(t)E(0)ε0)=Λ1b(t)T1(E(t)E(0)), (4.24)

    where

    Λ1>0, and T1(z)=zT(ε0z).

    Because T is strictly convex on (0,ε], one can notice that T1(z),T1(z)>0 on (0,1]. Therefore, letting

    R1(t):=ˉc1R1(t)E(0), (4.25)

    and employing both (4.19) and (4.24), we obviously have

    R1(t)E(t), and R1(t)ϰ1b(t)T1(R1(t)),ϰ1>0. (4.26)

    Thereby, if we let

    T2(t)=1t1T1(z)dz,t(0,1],

    we decisively reach

    [T2(R1(t))]ϰ1b(t), (4.27)

    we then integrate Eq (4.27) over [0,t], and make sure that T2(z)<0,z(0,1], along with T1 and its properties, we accomplish what follows:

    R1(t)T12(ϰ1t0b(z)dz+ϰ2),ϰ2>0,tR+. (4.28)

    The existence of functions R1(t)(0,1] and T2(R1(t)) are assured. See the reference [9] in Sections 4 and 5.

    The use of relation Eq (4.26) eventually concludes our proof.

    This paper investigates the energy decay of the solutions for the coupled system of a thermoelastic laminated Timoshenko beam with nonlinear damping, microtemperature effects, nonlinear weight, and nonlinear time-varying delay, together with the Dirichlet boundary condition for θ,r and mixed boundary condition for u,ψ,ϕ.

    We examined the joint impacts of microtemperature, nonlinear structural damping, along with nonlinear time-varying delay term, and time-varying coefficient on a thermoelastic laminated beam, where, the equation representing the dynamics of slip is affected by the last three mentioned terms. The impact of different terms is outlined and their impact on the stability of the solution is shown. Our results extend the recent related results [15,16,17,18].

    The authors declare they have not used Artificial Intelligence (AI) tools in the creation of this article.

    This work is supported by Researchers Supporting Project number (RSPD2023R736), King Saud University, Riyadh, Saudi Arabia.

    The authors declare that there is no conflict of interest.



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