In this article, we present a bifurcation and stability analysis on the double-diffusive convection. The main objective is to study 1) the mechanism of the saddle-node bifurcation and hysteresis for the problem, 2) the formation, stability and transitions of the typical convection structures, and 3) the stability of solutions. It is proved in particular that there are two different types of tra...

Double tunneling junctions of ferromagnet-superconductor-ferromagnet electrodes (FSF) show a jump in the conductance when a parallel magnetic field reverses the magnetization of one of the ferromagnetic electrodes. This change is generally attributed to the spin-valve effect or to pair breaking in the superconductor because of spin accumulation. In this paper it is shown that the Meservey-Tedro...

abstract one of the most frequently encountered cases of rapid varied flow is the hydraulic jump. it occurs when a supercritical open channel flow changes into sub critical flow. in the present research, the experimental study of the hydraulic jump on seven sinusoidal corrugated beds with different wave steepness. the wave steepness of sinusoidal corrugated beds is in the range of 0.1667 to 0.7...

In this paper, we aim at developing a model for option pricing to reduce the risks associated with Ethiopian commodity prices fluctuations. We used the daily closed Unwashed Lekempti grade 5 (ULK5) coffee and Whitish Wollega Sesame Seed Grade3 (WWSS3) prices obtained from Ethiopia commodity exchange (ECX) market to analyse the prices fluctuations.The natures of log-returns of the prices exhibit a...

Analytical tractability is one of the challenges faced by many alternative models that try to generalize the Black-Scholes option pricing model to incorporate more empirical features. The aim of this paper is to extend the analytical tractability of the BlackScholes model to alternative models with jumps. We demonstrate a double exponential jump diffusion model can lead to an analytic approxima...

In this paper we present a Laplace transform-based analytical solution for pricing double-barrier options under a flexible hyper-exponential jump diffusion model (HEM). The major theoretical contribution is that we prove non-singularity of a related high-dimensional matrix, which guarantees the existence and uniqueness of the solution. © 2009 Elsevier B.V. All rights reserved.

In this paper, we investigate the effect of a sharp cash level fluctuation resulting from the inflow and outflow of a large amount of cash and how the cash balance is managed. We describe the cash level evolution as stochastic jump-diffusion process with double exponential distributed jump size, and formulate a cash management model for minimizing the sum of the transaction and holding-penalty ...