The Bjerksund-Stensland model is a key method for pricing American options. It helps investors determine optimal times for exercising options with dividends considered.

A Russian mathematician has developed a new method for analyzing a class of equations that underpin models in physics and ...

The numerical integration of stiff equations is a challenging problem that needs to be approached by specialized numerical methods. Exponential integrators form a popular class of such methods since ...

Adequate mathematical modeling is the key to success for many real-world projects in engineering, medicine, and other applied areas. Once a well-suited model is established, it can be thoroughly ...

Abstract: Reinforcement Learning is a branch of machine learning to learn control strategies that achieve a given objective through trial-and-error in the environment ...

Abstract: Most existing temporal point process models are characterized by conditional intensity function. These models often require numerical approximation methods for likelihood evaluation, which ...

1 College of Mathematics and Information Science, Nanchang Hangkong University, Nanchang, China. 2 School of Statistics and Data Science, Jiangxi University of Finance and Economics, Nanchang, China.