struggling with apply

Hi -

I have a matrix of n rows and 4 columns.

I want to cap the value in each column by a different upper bound. So, suppose my matrix is

somematrix <- matrix(c(1,4,3,6,3,9,12,8,5,7,11,11),nrow=3,ncol=4)

somematrix

      [,1] [,2] [,3] [,4]
[1,]    1    6   12    7
[2,]    4    3    8   11
[3,]    3    9    5   11

Now I want to have the maximum value in each column described by
UB=c(2.5, 5.5, 8.5, 10.5)

So that the right answer will look like:
      [,1]      [,2]    [,3]   [,4]
[1,]    1      5.5     8.5    7
[2,]    2.5    3        8     10.5
[3,]    2.5   5.5      5    10.5

I've tried a few things, like:
newmatrix <- apply(somematrix,c(1,2),function(x) min(UB,x))

but I can't figure out to apply the relevant element of the UB list to the right element of the matrix. When I run the above, for example, it takes min(UB,x) over all UB, so I get:

newmatrix
      [,1] [,2] [,3] [,4]
[1,]  1.0  2.5  2.5  2.5
[2,]  2.5  2.5  2.5  2.5
[3,]  2.5  2.5  2.5  2.5

I'm sure there's a simple and elegant solution but I don't know what it is!

Thanks in advance,

Mike

Michael Ashton, CFA
Managing Principal

Enduring Investments LLC
W: 973.457.4602
C: 551.655.8006
Schedule a Call: https://calendly.com/m-ashton


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