We generalize, in terms of power series, the celebrated Geman-Yor formula for the pricing of Asian options in the framework of spectrally negative Lévy-driven assets. We illustrate our result by providing some new examples.

A new binomial approximation to the Black–Scholes model is introduced. It is shown that for digital options and vanilla European call and put options that a complete asymptotic expansion of the error in powers of n−1 exists. This is the first binomial tree for which such an asymptotic expansion has been shown to exist.

Context-aware power management (CAPM) uses context (e.g., user location) likely to be available in future ubiquitous computing environments, to e ectively power manage a building's energy consuming devices. The objective of CAPM is to minimise overall energy consumption while maintaining user-perceived device performance. The principal context required by CAPM is when the user is not using and ...

Based on the theory of real options, this paper establishes a investment decision-making model that could evaluate the development of CCS considering some uncertainties: feed-in tariff, the clean price, carbon price, incentives and subsidies from the government and the progress of technology. This model calculates the investment value of CCS project by studying the binomial tree model of real o...

Although take-it-or-leave-it pricing is the main mode of operation for many retailers, a number of retailers discreetly allow price negotiation when some haggle-prone customers ask for a bargain. At these retailers, the posted price, which itself is subject to dynamic adjustments in response to the pace of sales during the selling season, serves two important roles: (i) it is the take-it-or-lea...

The advent of the digital economy has provided unprecedented opportunities for suppliers and intermediaries to experiment with new pricing strategies. New information technologies not only enable businesses to charge flexible prices on the Web, but also allow for new price setting mechanisms in which consumers specify their interests and requirements. Economic appropriateness, technical feasibi...

awareness of wheat farmers’ personal preferences towards environmental issues and weed types is important in pricing bioherbicides for sustainable weed management and could consequently be a fundamental guide to agricultural authorities and policy-makers. in the present study, a survey was carried out by using data collected from 180 wheat farmers of korasan razavi province during 2008, togethe...

In a competitive electricity market with substantial involvement of renewable electricity, maximizing profits by optimizing bidding strategies is crucial to different power producers including conventional power plants and renewable ones. This paper proposes a game-theoretic bidding optimization method based on bi-level programming, where power producers are at the upper level and utility compa...

This paper presents a comprehensive literature review on applications of economic and pricing theory for resource management in the evolving fifth generation (5G) wireless networks. The 5G wireless networks are envisioned to overcome existing limitations of cellular networks in terms of data rate, capacity, latency, energy efficiency, spectrum efficiency, coverage, reliability, and cost per inf...

The main objective of this article is to present a comparative study of capital assets pricing models (CAPM) with extrapolating capital assets pricing models (X-CAPM) of companies admitted in Tehran Exchange Market which is accomplished for the first time by investigators of this research in Iran. Accordingly, the statistical population under study of this research includes all companies admitt...