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 ...

Abstract: This letter introduces low-complexity approximations for the Wavelet Energy Correlation Screening (WECS) method, which aims at change detection in multitemporal SAR images. The WECS method ...

Hermite polynomials and functions are widely used for scientific and engineering problems. Although it is known that using the scaled Hermite function instead of the standard one can significantly ...

Abstract: This paper tackles the challenge of parameter calibration in stochastic models, particularly in scenarios where the likelihood function is unavailable in an analytical form. We introduce a ...