In this paper, the meshless local Petrov-Galerkin (MLPG) method is applied for solving a generalized Black-Scholes equation in financial problems. This equation is a PDE governing the price evolution of a European call or a European put under the Black-Scholes model. The θ-weighted method and MLPG are used for discretizing the governing equation in time variable and option pricing, respectively...

The Meshless Local Petrov–Galerkin method (MLPG) is one of the popular meshless methods that has been used very successfully to solve several types of boundary value problems since the late nineties. In this paper, using a generalized moving least squares (GMLS) approximation, a new direct MLPG technique, called DMLPG, is presented. Following the principle of meshless methods to express everyth...

An accurate and yet simple Meshless Local Petrov-Galerkin (MLPG) formulation for analyzing beam problems is presented. In the formulation, simple weight functions are chosen as test functions. The use of these functions shows that the weak form can be integrated with conventional Gaussian integration. The MLPG method was evaluated by applying the formulation to a variety of patch test and thin ...

Recently, the efficiency of computer modeling and simulations has been improving dramatically. Consequently, the structural analysis of welding phenomena based on thermaleelasticeplastic finite element method (FEM) can be performedwith a good accuracy in a short time. However, if themodel to be analyzed is large and it has a complex shape, problemsmight occur with preprocessing, such as themesh...

The general Meshless Local Petrov-Galerkin (MLPG) type weak-forms of the displacement & traction boundary integral equations are presented, for solids undergoing small deformations. Using the directly derived non-hyper singular integral equations for displacement gradients, simple and straight-forward derivations of weakly singular traction BIE's for solids undergoing small deformations are als...

The meshless local Petrov-Galerkin (MLPG) method with global radial basis functions (RBF) as trial approximation leads to a full final linear system and a large condition number. This makes MLPG less efficient when the number of data points is increased. We can overcome this drawback if we avoid using more points from the data site than absolutely necessary. In this paper, we equip the MLPG met...

numerical solutions obtained by the meshless local petrov–galerkin (mlpg) method are presented for two-dimensional steady-state heat conduction problems. the mlpg method is a truly meshless approach, and neither the nodal connectivity nor the background mesh is required for solving the initial-boundary-value problem. the penalty method is adopted to efficiently enforce the essential boundary co...

A truly Meshless Local Petrov-Galerkin (MLPG) method is developed for solving 3D elasto-static problems. Using the general MLPG concept, this method is derived through the local weak forms of the equilibrium equations, by using a test function, namely, the Heaviside step function. The Moving Least Squares (MLS) are chosen to construct the shape functions. The penalty approach is used to impose ...

A comparison study of the efficiency and accuracy of a variety of meshless trial and test functions is presented in this paper, based on the general concept of the meshless local Petrov-Galerkin (MLPG) method. 5 types of trial functions, and 6 types of test functions are explored. Different test functions result in different MLPG methods, and six such MLPG methods are presented in this paper. I...

Recent engineering applications successfully introduced unsymmetric meshless local Petrov-Galerkin (MLPG) schemes. As a step towards their mathematical analysis, this paper investigates nonstationary unsymmetric Petrov-Galerkin-type meshless kernel-based methods for the recovery of L2 functions from finitely many weak data. The results cover solvability conditions and error bounds in negative S...