A Vertex Formalism for Local Ruled Surfaces

We develop a vertex formalism for topological string amplitudes on ruled surfaces with an arbitrary number of reducible fibers embedded in a Calabi-Yau threefold. Our construction is based on large N duality and localization with respect to a degenerate torus action. We also discuss potential generalizations of our formalism to a broader class of Calabi-Yau threefolds using the same underlying principles.