The aim of the article is to demonstrate the use of the Laplace transform to the evaluation of consols’ present value under different streams of returns (dividends). Consols (or perpetual bonds, perpetuities) are bonds with no maturity, which means that interest is paid to a bondholder perpetually (usually annually) forever. The present value of a consol, when constant interest is paid, is simp...

Small scale thermal devices, such as micro heater, have led researchers to consider more accurate models of heat in thermal systems. Moreover, biological applications of heat transfer such as simulation of temperature field in laser surgery is another pathway which urges us to re-examine thermal systems with modern ones. Non-Fourier heat transfer overcomes some shortcomings of Fourier heat tran...

In continuum one-dimensional space, a coupled directed continuous time random walk model is proposed, where the random walker jumps toward one direction and the waiting time between jumps affects the subsequent jump. In the proposed model, the Laplace-Laplace transform of the probability density function P(x, t) of finding the walker at position x at time t is completely determined by the Lapla...

Microarrays allow the study of the expression profile of hundreds to thousands of genes simultaneously. These expressions could be from treated samples and the healthy controls. The Esscher transformed Laplace distribution is used to fit microarray expression data as compared to Normal and Laplace distributions. The Maximum Likelihood Estimation procedure is used to estimate the parameters of t...

In this paper we first modify a widely used discrete Laplace Beltrami operator proposed by Meyer et al over triangular surfaces, and then establish some convergence results for the modified discrete Laplace Beltrami operator over the triangulated spheres. A sequence of spherical triangulations which is optimal in certain sense and leads to smaller truncation error of the discrete Laplace Beltra...