The payoffs of the barrier options depend on the time path of the underlying price as opposed to just the price at expiry. It implies that both the boundary conditions and the initial condition are imposed on the Black-Scholes partial differential equation. Therefore, the valuation of the barrier options is a boundary value problem. Since the Black-Scholes equation can be converted into a homog...

Partial fraction expansion is often used with the Laplace Transforms to formulate algebraic expressions for which inverse Transform can be easily found. This paper demonstrates a special case linear, constant coefficient, second order ordinary differential equation no damping term and harmonic function non-homogeneous leads simplified partial due decoupling of coefficients s coefficients. Recog...

in recent years, numerous approaches have been utilized for finding the exact solutions to nonlinear partial differential equations. one such method is known as the new extended (g'/g)-expansion method and was proposed by roshid et al. in this paper, we apply this method and achieve exact solutions to nonlinear partial differential equations (nlpdes), namely the benjamin-ono equation. it i...

In this paper, optimal control for linear partial differential algebraic equations (PDAE) with quadratic performance is obtained using Simulink. By using the method of lines, the PDAE is transformed into a differential algebraic equations (DAE). Hence, the optimal control of PDAE can be found out by finding the optimal control of the corresponding DAE. The goal is to provide optimal control wit...

The most up-to-date version of this collection of homework exercises can always be found at 1. Find the general solution for the following first-order partial differential equation. 3u x + 5u y − xyu = 0 2. Find the general solution for the following first-order partial differential equation. u x − u y + yu = 0 3. Find the general solution for the following first-order partial differential equa...