The Black–Scholes equation is one of the most important partial differential equations governing the value of financial derivatives in financial markets.The Black–Scholes model for pricing stock options has been app...The Black–Scholes equation is one of the most important partial differential equations governing the value of financial derivatives in financial markets.The Black–Scholes model for pricing stock options has been applied to various payoff structures,and options trading is based on Black and Scholes’principle of dynamic hedging to estimate and assess option prices over time.However,the Black–Scholes model requires severe constraints,assumptions,and conditions to be applied to real-life financial and economic problems.Several methods and approaches have been developed to approach these conditions,such as fractional Black–Scholes models based on fractional derivatives.These fractional models are expected since the Black–Scholes equation is derived using Ito’s lemma from stochastic calculus,where fractional derivatives play a leading role.Hence,a fractional stochastic model that includes the basic Black–Scholes model as a special case is expected.However,these fractional financial models require computational tools and advanced analytical methods to solve the associated fractional Black–Scholes equations.Nevertheless,it is believed that the fractal nature of economic processes permits to model economical and financial markets problems more accurately compared to the conventional model.The relationship between fractional calculus and fractals is well-known in the literature.This study introduces a generalized Black–Scholes equation in fractal dimensions and discusses its role in financial marketing.In our analysis,we consider power-laws properties for volatility,interest rated,and dividend payout,which emerge in several empirical regularities in quantitative finance and economics.We apply our model to study the problem of pricing barrier option and we estimate the values of fractal dimensions in both time and in space.Our model can be used to obtain the prices of many pay-off models.We observe that fractal dimensions considerably affect the solutions of the Black–Scholes equation and that,for fractal dimensions much smaller than unity,the call option increases significantly.We prove that fractal dimensions are a powerful tool to obtain new results.Further details are analyzed and discussed.展开更多
We investigate the application of the on-shell unitarity method to compute the anomalous dimensions of effective field theory operators.We compute one-loop anomalous dimensions for the dimension-7 operator mixing in l...We investigate the application of the on-shell unitarity method to compute the anomalous dimensions of effective field theory operators.We compute one-loop anomalous dimensions for the dimension-7 operator mixing in low-energy effective field theory(LEFT).The on-shell method significantly simplifies the construction of scattering amplitudes.By leveraging the correspondence between the anomalous dimensions of operator form factors and the double-cut phase-space integrals,we bypass the need for direct loop integral calculations.The resulting renormalization group equations derived in this work provide crucial insights into the scale dependence of the LEFT dimension-7 Wilson coefficients,which will aid in precision experimental fitting of these coefficients.展开更多
In this article,we first establish a recollement related to projectively coresolved Gorenstein flat(PGF)complexes.Secondly,we define and study PGF dimension of complexes,we denote it PG F(X)for a complex X.It is shown...In this article,we first establish a recollement related to projectively coresolved Gorenstein flat(PGF)complexes.Secondly,we define and study PGF dimension of complexes,we denote it PG F(X)for a complex X.It is shown that the PGF(X)is equal to the infimum of the set{supA|there exists a diagram of morphisms of complexes A←G→X,such that G→X is a special PGF precover of X and G→A is a PGF almost isomorphism}.展开更多
Different from the previous qualitative analysis of linear systems in time and frequency domains, the method for describing nonlinear systems quantitatively is proposed based on correlated dimensions. Nonlinear dynami...Different from the previous qualitative analysis of linear systems in time and frequency domains, the method for describing nonlinear systems quantitatively is proposed based on correlated dimensions. Nonlinear dynamics theory is used to analyze the pressure data of a contrarotating axial flow fan. The delay time is 18 and the embedded dimension varies from 1 to 25 through phase-space reconstruction. In addition, the correlated dimensions are calculated before and after stalling. The results show that the correlated dimensions drop from 1. 428 before stalling to 1. 198 after stalling, so they are sensitive to the stalling signal of the fan and can be used as a characteristic quantity for the judging of the fan stalling.展开更多
[Objective] The aim was to discuss the spatial pattern changes of land use in Tianjin new coastal area based on fractal dimensions.[Method] By dint of remote and geographic information system technology to obtain the ...[Objective] The aim was to discuss the spatial pattern changes of land use in Tianjin new coastal area based on fractal dimensions.[Method] By dint of remote and geographic information system technology to obtain the data of urban land use in new coastal area from 1993 to 2008,the boundary dimension,radius dimension and information dimension of each land use type were calculated based on fractal dimension.In addition,the revealed land use spatial dimension changes characteristics were analyzed.[Result] The spatial distribution of each land use type in new costal area had distinct fractal characteristics.And,the amount and changes of three types of dimension values effectively revealed the changes of complicatedness,centeredness and evenness of spatial pattern of land use in the study area.The boundary dimension of unused land and salty earth increased incessantly,which suggested its increasing complicatedness.The boundary of the port and wharf and shoal land was getting simpler.The radius dimension of the cultivated land was larger than 2,which suggested that its area spread from center to the surroundings;the one in salty land and waters distributed evenly within different radius space to the center of the city;the one in other land use types reduced gradually from center to the surroundings.The information dimension value in the woodland and orchard land,unused land and shoal land was small,and was in obvious concentrated distribution;the spatial distribution of cultivated and salty land concentrated in the outside area;the construction area in the port and wharf spread gradually on the basis of original state;the spatial distribution of waters and residents and mines were even.[Conclusion] Applying fractal dimensions to the study of spatial pattern changes of urban land use can make up for some disadvantages in classical urban spatial pattern quantitative research,which has favorable practical value.展开更多
基金Rami Ahmad El-Nabulsi has received funding from the Czech National Agency of Agricultural 533 Research,project QK22020134“Innovative fisheries management of a large reservoir”.
文摘The Black–Scholes equation is one of the most important partial differential equations governing the value of financial derivatives in financial markets.The Black–Scholes model for pricing stock options has been applied to various payoff structures,and options trading is based on Black and Scholes’principle of dynamic hedging to estimate and assess option prices over time.However,the Black–Scholes model requires severe constraints,assumptions,and conditions to be applied to real-life financial and economic problems.Several methods and approaches have been developed to approach these conditions,such as fractional Black–Scholes models based on fractional derivatives.These fractional models are expected since the Black–Scholes equation is derived using Ito’s lemma from stochastic calculus,where fractional derivatives play a leading role.Hence,a fractional stochastic model that includes the basic Black–Scholes model as a special case is expected.However,these fractional financial models require computational tools and advanced analytical methods to solve the associated fractional Black–Scholes equations.Nevertheless,it is believed that the fractal nature of economic processes permits to model economical and financial markets problems more accurately compared to the conventional model.The relationship between fractional calculus and fractals is well-known in the literature.This study introduces a generalized Black–Scholes equation in fractal dimensions and discusses its role in financial marketing.In our analysis,we consider power-laws properties for volatility,interest rated,and dividend payout,which emerge in several empirical regularities in quantitative finance and economics.We apply our model to study the problem of pricing barrier option and we estimate the values of fractal dimensions in both time and in space.Our model can be used to obtain the prices of many pay-off models.We observe that fractal dimensions considerably affect the solutions of the Black–Scholes equation and that,for fractal dimensions much smaller than unity,the call option increases significantly.We prove that fractal dimensions are a powerful tool to obtain new results.Further details are analyzed and discussed.
基金supported by the National Science Foundation of China under Grants Nos.12347145,12347105,12375099,and 12047503the National Key Research and Development Program of China Grant Nos.2020YFC2201501 and 2021YFA0718304。
文摘We investigate the application of the on-shell unitarity method to compute the anomalous dimensions of effective field theory operators.We compute one-loop anomalous dimensions for the dimension-7 operator mixing in low-energy effective field theory(LEFT).The on-shell method significantly simplifies the construction of scattering amplitudes.By leveraging the correspondence between the anomalous dimensions of operator form factors and the double-cut phase-space integrals,we bypass the need for direct loop integral calculations.The resulting renormalization group equations derived in this work provide crucial insights into the scale dependence of the LEFT dimension-7 Wilson coefficients,which will aid in precision experimental fitting of these coefficients.
基金Supported by the National Natural Science Foundation of China(12061061)Young Talents Team Project of Gansu Province(2025QNTD49)+1 种基金Lanshan Talents Project of Northwest Minzu University(Xbmulsrc202412)Longyuan Young Talents of Gansu Province。
文摘In this article,we first establish a recollement related to projectively coresolved Gorenstein flat(PGF)complexes.Secondly,we define and study PGF dimension of complexes,we denote it PG F(X)for a complex X.It is shown that the PGF(X)is equal to the infimum of the set{supA|there exists a diagram of morphisms of complexes A←G→X,such that G→X is a special PGF precover of X and G→A is a PGF almost isomorphism}.
基金Supported by the Natural Science Foundation of Jiangsu Province(BK2005018)the Graduate Research and Innovation Plan of Jiangsu Province(CX07B-061Z)~~
文摘Different from the previous qualitative analysis of linear systems in time and frequency domains, the method for describing nonlinear systems quantitatively is proposed based on correlated dimensions. Nonlinear dynamics theory is used to analyze the pressure data of a contrarotating axial flow fan. The delay time is 18 and the embedded dimension varies from 1 to 25 through phase-space reconstruction. In addition, the correlated dimensions are calculated before and after stalling. The results show that the correlated dimensions drop from 1. 428 before stalling to 1. 198 after stalling, so they are sensitive to the stalling signal of the fan and can be used as a characteristic quantity for the judging of the fan stalling.
基金Supported by National Natural Science Fund Program(40705038)~~
文摘[Objective] The aim was to discuss the spatial pattern changes of land use in Tianjin new coastal area based on fractal dimensions.[Method] By dint of remote and geographic information system technology to obtain the data of urban land use in new coastal area from 1993 to 2008,the boundary dimension,radius dimension and information dimension of each land use type were calculated based on fractal dimension.In addition,the revealed land use spatial dimension changes characteristics were analyzed.[Result] The spatial distribution of each land use type in new costal area had distinct fractal characteristics.And,the amount and changes of three types of dimension values effectively revealed the changes of complicatedness,centeredness and evenness of spatial pattern of land use in the study area.The boundary dimension of unused land and salty earth increased incessantly,which suggested its increasing complicatedness.The boundary of the port and wharf and shoal land was getting simpler.The radius dimension of the cultivated land was larger than 2,which suggested that its area spread from center to the surroundings;the one in salty land and waters distributed evenly within different radius space to the center of the city;the one in other land use types reduced gradually from center to the surroundings.The information dimension value in the woodland and orchard land,unused land and shoal land was small,and was in obvious concentrated distribution;the spatial distribution of cultivated and salty land concentrated in the outside area;the construction area in the port and wharf spread gradually on the basis of original state;the spatial distribution of waters and residents and mines were even.[Conclusion] Applying fractal dimensions to the study of spatial pattern changes of urban land use can make up for some disadvantages in classical urban spatial pattern quantitative research,which has favorable practical value.
