Since financial engineering problems are of great importance in the academic community,
effective methods are still needed to analyze these models. Therefore, this article focuses …

The hedging of a European-style contingent claim is studied in a continuous-time doubly
Markov-modulated financial market, where the interest rate of a bond is modulated by an …

A procedure to incorporate the domain decomposition concept over the finite difference and
differential quadrature methods is presented. In this procedure, three numerical schemes …

Economic and financial data display diverse behavior at different time intervals due to their
dynamics and stochastic nature. To build explanatory models, different time periods with …

We apply the radial basis function (RBF) collocation method to solve the coupled system of
partial differential equations (PDEs), which arises in modelling derivatives prices with …

Financial markets consist not only of exchanges for publicly traded assets but also comprise
decisive private financial transactions with various participants. The fair value of some …