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It is well known that for laminated composite plates a Levy-type solution exists only for cross-ply and antisymmetric angle-ply laminates. Numerous investigators have used the Levy method to solve the governing equations of various equivalent single-layer plate theories. It is the intension of the present study to introduce a method for analytical solutions of laminated composite plates with ar...

We propose a simple model based on the Gnedenko limit theorem for simulation and studies of the ordinary Levy motion, that is, a random process, whose increments are independent and distributed with a stable probability law. We use the generalized structure function for characterizing anomalous diffusion rate and propose to explore the modified Hurst method for empirical rescaled range analysis...

We study a Monte Carlo algorithm for simulation of probability distributions based on stochastic step functions, and compare to the traditional Metropolis/Hastings method. Unlike the latter, the step function algorithm can produce an uncorrelated Markov chain. We apply this method to the simulation of Levy processes, for which simulation of uncorrelated jumps are essential. We perform numerical...

the vibration of cable-stayed bridges subjected to the passage of high-speed trains is studied in this article. the moving train includes a number of wagons, each of which is modeled as a four-axle system possessing 48 degrees of freedom. the car model is nonlinear and three-dimensional and includes nonlinear springs and dampers of primary and secondary suspensions, dry friction between differe...

OBJECTIVE To examine the effect of the application, and removal, in the Northern Territory of a levy on the sale of cask wine--a beverage shown to contribute disproportionately to alcohol-related harm. METHOD Using data on licensee purchases of alcoholic beverages and ABS population data, estimates were made of per capita consumption of pure alcohol by beverage type. Time series variables wer...

The multidimensional exponential Levy equations are used to describe many stochastic phenomena such as market fluctuations. Unfortunately in practice an exact solution does not exist for these equations. This motivates us to propose a numerical solution for n-dimensional exponential Levy equations by block pulse functions. We compute the jump integral of each block pulse function and present a ...

A Study of Option Pricing Models – Lognormal or Hyperbolic Levy ? By Chen Chen This paper is an investigation into two option pricing models: widely-used Black-Scholes model and one of its augmented extensions – hyperbolic Levy model. Firstly, we have a detailed discussion about the celebrated Black-Scholes model. However, clearly there are many deficiencies in Black-Scholes assumptions. In ord...

This paper focuses on two main issues that are based on two important concepts: exponential Levy process and minimal entropy martingale measure. First, we intend to obtain   risk measurement such as value-at-risk (VaR) and conditional value-at-risk (CvaR) using Monte-Carlo methodunder minimal entropy martingale measure (MEMM) for exponential Levy process. This Martingale measure is used for the...