Black-Scholes Model (B-SM) simulates the dynamics of financial market and contains instruments such as options and puts which are major indices requiring solution. B-SM is known to estimate the correct prices of Europ...Black-Scholes Model (B-SM) simulates the dynamics of financial market and contains instruments such as options and puts which are major indices requiring solution. B-SM is known to estimate the correct prices of European Stock options and establish the theoretical foundation for Option pricing. Therefore, this paper evaluates the Black-Schole model in simulating the European call in a cash flow in the dependent drift and focuses on obtaining analytic and then approximate solution for the model. The work also examines Fokker Planck Equation (FPE) and extracts the link between FPE and B-SM for non equilibrium systems. The B-SM is then solved via the Elzaki transform method (ETM). The computational procedures were obtained using MAPLE 18 with the solution provided in the form of convergent series.展开更多
In this paper, we discuss a new method employed to tackle non-linear partial differential equations, namely Double Elzaki Transform Decomposition Method (DETDM). This method is a combination of the Double ELzaki Trans...In this paper, we discuss a new method employed to tackle non-linear partial differential equations, namely Double Elzaki Transform Decomposition Method (DETDM). This method is a combination of the Double ELzaki Transform and Adomian Decomposition Method. This technique is hereafter provided and supported with necessary illustrations, together with some attached examples. The results reveal that the new method is very efficient, simple and can be applied to other non-linear problems.展开更多
Volterra type integral equations have diverse applications in scientific and other fields. Modelling physical phenomena by employing integral equations is not a new concept. Similarly, extensive research is underway t...Volterra type integral equations have diverse applications in scientific and other fields. Modelling physical phenomena by employing integral equations is not a new concept. Similarly, extensive research is underway to find accurate and efficient solution methods for integral equations. Some of noteworthy methods include Adomian Decomposition Method (ADM), Variational Iteration Method (VIM), Method of Successive Approximation (MSA), Galerkin method, Laplace transform method, etc. This research is focused on demonstrating Elzaki transform application for solution of linear Volterra integral equations which include convolution type equations as well as one system of equations. The selected problems are available in literature and have been solved using various analytical, semi-analytical and numerical techniques. Results obtained after application of Elzaki transform have been compared with solutions obtained through other prominent semi-analytic methods i.e. ADM and MSA (limited to first four iterations). The results substantiate that Elzaki transform method is not only a compatible alternate approach to other analytic methods like Laplace transform method but also simple in application once compared with methods ADM and MSA.展开更多
This work focuses on the development and analysis of a financial system using advanced mathematical modeling techniques.Starting from an ordinary fi-nancial system,we extend it to a fractional-order framework by incor...This work focuses on the development and analysis of a financial system using advanced mathematical modeling techniques.Starting from an ordinary fi-nancial system,we extend it to a fractional-order framework by incorporating the Caputo fractional-order operator.The fractional differential equations are solved both analytically and numerically.Analytical solutions are derived us-ing the Elzaki transform method,providing deeper insights into the system’s dynamics.Stability analysis is performed to identify equilibrium points and derive precise conditions for system stability.Furthermore,we explore cha-otic behavior within the system and propose effective control strategies using the feedback control method to regulate its dynamics.The results offer signif-icant contributions to understanding and managing complex financial sys-tems,enabling improved decision-making in financial analysis and policy design.展开更多
文摘Black-Scholes Model (B-SM) simulates the dynamics of financial market and contains instruments such as options and puts which are major indices requiring solution. B-SM is known to estimate the correct prices of European Stock options and establish the theoretical foundation for Option pricing. Therefore, this paper evaluates the Black-Schole model in simulating the European call in a cash flow in the dependent drift and focuses on obtaining analytic and then approximate solution for the model. The work also examines Fokker Planck Equation (FPE) and extracts the link between FPE and B-SM for non equilibrium systems. The B-SM is then solved via the Elzaki transform method (ETM). The computational procedures were obtained using MAPLE 18 with the solution provided in the form of convergent series.
文摘In this paper, we discuss a new method employed to tackle non-linear partial differential equations, namely Double Elzaki Transform Decomposition Method (DETDM). This method is a combination of the Double ELzaki Transform and Adomian Decomposition Method. This technique is hereafter provided and supported with necessary illustrations, together with some attached examples. The results reveal that the new method is very efficient, simple and can be applied to other non-linear problems.
文摘Volterra type integral equations have diverse applications in scientific and other fields. Modelling physical phenomena by employing integral equations is not a new concept. Similarly, extensive research is underway to find accurate and efficient solution methods for integral equations. Some of noteworthy methods include Adomian Decomposition Method (ADM), Variational Iteration Method (VIM), Method of Successive Approximation (MSA), Galerkin method, Laplace transform method, etc. This research is focused on demonstrating Elzaki transform application for solution of linear Volterra integral equations which include convolution type equations as well as one system of equations. The selected problems are available in literature and have been solved using various analytical, semi-analytical and numerical techniques. Results obtained after application of Elzaki transform have been compared with solutions obtained through other prominent semi-analytic methods i.e. ADM and MSA (limited to first four iterations). The results substantiate that Elzaki transform method is not only a compatible alternate approach to other analytic methods like Laplace transform method but also simple in application once compared with methods ADM and MSA.
文摘This work focuses on the development and analysis of a financial system using advanced mathematical modeling techniques.Starting from an ordinary fi-nancial system,we extend it to a fractional-order framework by incorporating the Caputo fractional-order operator.The fractional differential equations are solved both analytically and numerically.Analytical solutions are derived us-ing the Elzaki transform method,providing deeper insights into the system’s dynamics.Stability analysis is performed to identify equilibrium points and derive precise conditions for system stability.Furthermore,we explore cha-otic behavior within the system and propose effective control strategies using the feedback control method to regulate its dynamics.The results offer signif-icant contributions to understanding and managing complex financial sys-tems,enabling improved decision-making in financial analysis and policy design.
