European options can be priced using the analytical solution of the Black-Scholes-Merton differential equation with the appropriate boundary conditions. A different approach and the one commonly used in situations where no analytical solution is available is the Monte Carlo Simulation. We present the results of Monte Carlo simulations for pricing European options and we compare with the analyti...

We compare packet delivery delays from a probabilistic analysis of a flat and two tree-based reliable multicast protocols with simulation results of SRM, RMTP and TMTP variations. Analytical and simulation results show identical behavior with varying packet loss probabilities, number of receivers, and transmission rates. Even the absolute delays of the analytical and simulation results are almo...

wide range of planar structures in new technologies has attracted special consideration. in this research vibration behavior of plates with non-linear edges is investigated by means of finite difference (fd) method. for this issue, classical and analytical solutions for plates with linear edges were analyzed and mutual equations, needed for numerical calculation were extracted. by expanding the...

Abstract— Forging is a very complex process and the measurement of actual forces for real material is difficult and cumbersome. The main objective of this document is to use the analytical methods for measuring parameters such as load, and stress distribution of forging process and use them to make simple, reliable, fast and non-expensive simulation tools, contrary to the commercial software’s ...

Two important questions on experimental dependability evaluation remain largely unanswered: 1) how to analyze the usually large amount of raw data produced in dependability evaluation experiments and 2) how to compare results from different experiments or results from similar experiments across different systems. These problems are also common to other dependability evaluation techniques such a...

0957-4174/$ see front matter 2011 Elsevier Ltd. A doi:10.1016/j.eswa.2011.04.108 ⇑ Corresponding author. Tel.: +1 215 951 1129; fax E-mail addresses: [email protected] (M. Tavana) vain.be, [email protected] (A. Hatami-Marbini URL: http://lasalle.edu/~tavana (M. Tavana). 1 Tel.: +32 486 707387; fax: +32 10 47 4301. Human spaceflight mission planning is a complex task with many interacting s...

In this paper we develop an analytical fluid model for TCP Reno based on delay differential equations. Using this model, we have developed a prototype for a fluid based simulation tool for TCP. We empirically validate this model by matching the window, throughput and queue evolution curves obtained from the model to that offered by a simulation output. We claim that this analytical model provid...

asimulation-optimization approach is proposed for replenishment planning andshelf space allocation. the customers’ demand is divided into fixed andvariable demand. each customer follows a given path while shopping in thestore. by dividing the store space into several zones and calculating therelated substantial and random utilities, an analytical equation is proposedfor the probability of zone ...

recent studies have indicated that the rate of successful enterprise resource planning (erp) implementation projects is reduced and risk of implementation is increased to the same extent. accordingly, this study provides a model in support of erp implementation using system dynamics approach by behavioral simulation in the vensim software environment. this study is an applied research and due t...

since the analysis of complex services systems by using mathematical modeling techniques, with considering the random patterns prevailing in them, is so difficult or probably impossible, improvement guidelines are often followed based on the experts' experiences using qualitative methods. in the present paper, by employing a discrete event computer simulation methodology, criminal trial sy...