We present new families of lower bounds for the price of the American put option on a dividend paying stock when the stock follows a log normal process and the option can be exercised continuously to a finite horizon . By put call parity, these bounds can be easily converted to bounds on the price of the Ameican call option on a dividend paying stock. By numerically optimizing these bounds, we ...

Nematodes of the genus Anisakis have marine fishes as intermediate hosts. One of these hosts is Thyrsites atun, an important fishery resource in Chile between 38 and 41° S. This paper describes the frequency and number of Anisakis nematodes in the internal organs of Thyrsites atun. An analysis based on spatial distribution models showed that the parasites tend to be clustered. The variation in ...

The distributions of the run occurrences for a sequence of independent and identically distributed (i.i.d.) experiments are usually obtained by combinatorial methods (see Balakrishnan and Koutras (2002, Chapter 5)) and the resulting formulae are often very tedious, while the distributions for non i.i.d. experiments are generally intractable. It is therefore of practical interest to find a suita...

In this work, we present a model to value capacity investment decisions based on real options. In the problem considered we incorporate partial reversibility by letting the firm reverse its capital investment at a cost, both fully or partially. The standard RO approach considers the stochastic variable to be normally distributed and then approximated by a binomial distribution, resulting in a b...

We propose using a real options framework to quantify the financial value of cross training. We model the investment decision in cross training as a series of European call options with the same exercise price but with different maturity dates. We use the Black-Scholes formula and the binomial tree approach to find the value of having the option to cross train. A case study shows the applicatio...

Panicle caterpillars comprise an economically important insect pest complex of sorghum throughout the Great Plains of the United States, particularly in Kansas, Oklahoma, and Texas. The sorghum panicle caterpillar complex consists of larvae of two polyphagous lepidopteran species: the corn earworm, Helicoverpa zea (Boddie), and fall armyworm, Spodoptera frugiperda (J.E. Smith) (Lepidoptera: Noc...

The spatial distribution of individuals of any species is a basic concern of ecology. The spatial distribution of parasites matters to control and conservation of parasites that affect human and nonhuman populations. This paper develops a quantitative theory to predict the spatial distribution of parasites based on the distribution of parasites in hosts and the spatial distribution of hosts. Fo...

We present CANOES, an algorithm for the detection of rare copy number variants from exome sequencing data. CANOES models read counts using a negative binomial distribution and estimates variance of the read counts using a regression-based approach based on selected reference samples in a given dataset. We test CANOES on a family-based exome sequencing dataset, and show that its sensitivity and ...

Given a simple connected undirected graph G = (V , E), the Wiener index W (G) of G is defined as half the sum of the distances d(u, v) between all pairs of vertices u, v of G, where d(u, v) denotes the distance (the number of edges on a shortest path between u and v) between u, v in G. We obtain an expression for W (G), where G is a binomial tree. For Fibonacci trees and binary Fibonacci trees ...

We amend some results in the literature. We verify a formula for the integrity of the binomial tree, and correct formulas for the integrity of the complete k-ary tree. Dedicated to Henda Swart with the greatest thanks.