A self-contained theory is presented for pricing and hedging LIBOR and swap derivatives by arbitrage. Appropriate payoff homogeneity and measurability conditions are identified which guarantee that a given payoff can be attained by a self-financing trading strategy. LIBOR and swap derivatives satisfy this condition, implying they can be priced and hedged with a finite number of zero-coupon bond...

در این مقاله یک مدل ریاضی برای مسئله سیستم تولیدی همکارانه ساخت بر اساس سفارش با رعایت انصاف تخصیص بار‌های تولید طراحی شده است. اهداف اصلی مدل، کمینه‌سازی هزینه‌‌های کل و حداکثر استفاده از منابع به‌منظور عادلانه شرایط عدم­قطعیت کنترل پارامتر‌های غیرقطعی روش برنامه‌ریزی فازی ‌شده نتایج نشان می‌دهد افزایش نرخ عدم‌قطعیت، می­یابد. ازآنجاکه ظرفیت کارخانه‌ها ثابت است، مقدار تقاضا، هر کارخانه نیز می­ی...

abstract in this study, evaluation of swap model in simulating crop yield, water and salt movement in soil were investigated in the wheat- fodder maize cultivated units. the research was conducted in the voshmgir network, golestan province. the crop yield, soil humidity and moisture data in different times of agriculture year of 2007-2008 were measured. the measured and simulated data were anal...

Given two n-bit (cyclic) binary strings, A and B, represented on a circle (necklace instances). Let each sequence have the same number k of 1’s. We are interested in computing the cyclic swap distance between A and B, i.e., the minimum number of swaps needed to convert A to B, minimized over all rotations of B. We show that, given the compressed representation of A and B, this distance may be c...

Using the reduced form framework with inter-dependent default correlation, we perform valuation of credit default swap with counterparty risk. The inter-dependent default risk structure between the protection buyer, protection seller and the reference entity in a credit default swap are characterized by their correlated default intensities, where the default intensity of one party increases whe...

We give the optimal decomposition of a universal two-qubit circuit using Heisenberg exchange interactions and single qubit rotations. Tuning the strength and duration of the Heisenberg exchange allows one to implement SWAP gates. Our optimal circuit is constructed from only three SWAP gates and six single qubit gates. We show that three SWAP gates are not only sufficient, but necessary. Since s...