An explicit weak solution for the 3/2 stochastic volatility model is obtained and used to develop a simulation algorithm option pricing purposes. The non-affine whose variance process inverse of CIR process. This property exploited here obtain an solution, similarly Kouritzin (2018). A based on this proposed tested via numerical examples. performance resulting comparable that other popular algo...

Despite several wave energy converters (WECs) having been developed to present, no particular concept has emerged yet. The existing inventions vary significantly in terms of the operation principle and complexity WECs. tethered point absorbers (PAs) are among most known devices that, thanks their simplicity, appear be cost-effective reliable for offshore installation. These need advanced furthe...

Supplier assessment has been a vital issue of strategic importance in supply chain. It helps to reduce operating cost, improve competitiveness and develop business opportunities. However, supplier selection is usually complex unstructured activity, involves the consideration various characteristics simultaneously such as large number alternatives, multiple criteria involved evaluation process w...