For the first time in mathematical finance field, we propose the local weak form meshless methods for option pricing; especially in this paper we select and analysis two schemes of them named local boundary integral equation method (LBIE) based on moving least squares approximation (MLS) and local radial point interpolation (LRPI) based on Wu’s compactly supported radial basis functions (WCS-RB...

Many numerical and analytical schemes exist for solving heat transfer problems. The meshless method is a particularly attractive method that is receiving attention in the engineering and scientific modeling communities. The meshless method is simple, accurate, and requires no polygonalisation. In this study, we focus on the application of meshless methods using radial basis functions (RBFs) – w...

The most recent update of financial option models is American options under stochastic volatility models with jumps in returns (SVJ) and stochastic volatility models with jumps in returns and volatility (SVCJ). To evaluate these options, mesh-based methods are applied in a number of papers but it is well-known that these methods depend strongly on the mesh properties which is the major disadvan...

A localized radial basis function (RBF) meshless method is developed for coupled viscous fluid flow and convective heat transfer problems. The method is based on new localized radial-basis function (RBF) expansions using Hardy Multiquadrics for the sought-after unknowns. An efficient set of formulae are derived to compute the RBF interpolation in terms of vector products thus providing a substa...

The Local Point Interpolation Method (LPIM) is a newly developed truly meshless method, based on the idea of Meshless Local Petrov-Galerkin (MLPG) approach. In this paper, a new LPIM formulation is proposed to deal with 4th order boundary-value and initial-value problems for static and dynamic analysis (stability, free vibration and forced vibration) of beams. Local weak forms are developed usi...

The Meshless Finite Volume Method (MFVM) is developed for solving elasto-static problems, through a new Meshless Local Petrov-Galerkin (MLPG) “Mixed” approach. In this MLPG mixed approach, both the strains as well as displacements are interpolated, at randomly distributed points in the domain, through local meshless interpolation schemes such as the moving least squares(MLS) or radial basis fun...

The Multiquadric Radial Basis Function (MQ) Method is a meshless collocation method with global basis functions. It is known to have exponentional convergence for interpolation problems. We descretize nonlinear elliptic PDEs by the MQ method. This results in modest-size systems of nonlinear algebraic equations which can be efficiently continued by standard continuation software such as AUTO and...

The objective of current paper is 3D simulation of turbulent, developing flow and unsteady within a circular duct in presence of the body force vector persuaded by Dielectric barrier discharge (DBD) plasma actuator inside the surface of geometry for the first time. This article aims at investigating of applying plasma actuator to control separation with special arrangement of electrodes. For th...