Ping et al. [Z. Ping, H. Ren, J. Zou, Y. Sheng, and W. Bo, “Generic orthogonal moments: Jacobi–Fourier moments for invariant image description,” Pattern Recognition, vol. 40, no. 4, pp. 1245– 1254, 2007] made a landmark contribution to the theory of two-dimensional orthogonal moments confined to the unit disk by unifying the radial kernels of existing polynomial-based circular orthogonal moment...

In this text, Fractional Brown Motion theory during random process is applied to research the option pricing problem. Firstly, Fractional Brown Motion theory and actuarial pricing method of option are utilized to derive Black-Scholes formula under Fractional Brown Motion and form corresponding mathematical model to describe option pricing. Secondly, based on BYD stock, estimation model on volat...

This paper proposes a fuzzy goal programming based on Taylor series for solving decentralized bilevel multiobjective fractional programming (DBLMOFP) problem. In the proposed approach, all of the membership functions are associated with the fuzzy goals of each objective at the both levels and also the fractional membership functions are converted to linear functions using the Taylor series appr...

We explore the growth of super-massive black holes and host galaxy bulges in the galaxy population using the Millennium Run ΛCDM simulation coupled with a model of galaxy formation. We find that, if galaxy mergers are the primary drivers for both bulge and black hole growth, then in the simplest picture one should expect the mBH – mbulge relation to evolve with redshift, with a larger black hol...

This paper investigates whether the framework of fractional quantum mechanics can broaden our perspective black hole thermodynamics. Concretely, we employ a {\it space-fractional} derivative \cite{Rie} as main tool. Moreover, restrict analysis to case Schwarzschild configuration. From subsequently modified Wheeler-DeWitt equation, retrieve corresponding expressions for specific observables. Nam...

The present paper accomplishes a major step towards a reconciliation of two conflicting approaches in mathematical finance: on the one hand, the mainstream approach based on the notion of no arbitrage (Black, Merton & Scholes); and on the other hand, the consideration of non-semimartingale price processes, the archetype of which being fractional Brownian motion (Mandelbrot). Imposing (arbitrari...

In this paper we develop a numerical approach to a fractional-order differential linear complementarity problem (LCP) arising in pricing European and American options under a geometric Lévy process. The (LCP) is first approximated by a penalized nonlinear fractional Black-Scholes (fBS) equation. To numerically solve this nonlinear (fBS), we use the horizontal method of lines to discretize the t...