We propose an entropic model of extrinsic utility arising out of the element of choice regarding portfolio re-balancing strategies available to an individual investor who has chosen to invest in a financial structured product with a terminal payoff same as that from a rainbow option. We also...

Emerging research concerns about the authenticated cloud service with high performance of security and assuring trust for distributed clients in a smart city. Cloud services are deployed by the third-party or web-based service providers. Thus, security and trust would be considered for every...

Abstract The purpose of this paper is to derive an approximation of the reliability of a system with doubly bounded performance functions. The problem is illustrated through the probability of an n dimensional hyper cube of the multivariate normal distribution. An approximation method is...