We give a new way to price American options, using Samuelson´s formula. We first obtain the option price corresponding to a European option at time t, weighting it by the probability that the underlying asset takes the value S at time t. This factor is given by the solution of the Fokker-Planck...

En este artículo, los autores pretenden mostrar y explicar cómo la Teoría de Lie se puede aplicar a la resolución de algunos problemas relativos a la Economía y a las Finanzas. Concretamente, se realiza un análisis de dos de esos problemas y se discuten tanto sus aspectos matemáticos como...

This paper deals with the use of differential equations and finite difference methods for solving several problems in the field of Economics and Business Administration. Economics usually needs to study the evolution of the values which are taken by a given variable in different moments. If the...

This paper analyzes Bolivian Global Value Chains (GVC) for 2002, 2005 and 2011, using the Vertical Specialization Index (EV) of Hummels et al. (2001) and the measure of Upstreamness of Antràs y Chor (2011) (cited by Antràs et al., 2012b). Indicators show that trade patterns are represented by...

The aim of this presentation is to develop a composite indicator, which should be consistent and reliable, to evaluate the physiological conditions of a group of patients on dialysis therapy. The composite indicators are developed based on key performance indicators. They have the advantage of...

Quality in education is a recurring theme in this society where the training of competent professionals is an essential element for their progress and development in the face of growing market demands. The competitiveness given by the multivariety of educational offerings, together with the...

Decision-making has a relevant incidence on firms results, which has led to develop novel methods that allow assessing subjective and rational elements under uncontrollable conditions. In this sense, the main aim of this work is to study aggregation operators in decision-making in uncertain...

The assessment of tourism potential allows delimiting the attractiveness of tourism destinations, constituting the basis for the design of tourism products and experiences. To date, several studies have been conducted to measure destination attractiveness from a synthetic approach. However,...

Las Tecnologías de la Información y las Comunicaciones han contribuido significativamente al desarrollo económico y social de la sociedad actual. La comunidad científica internacional está debatiendo sobre los efectos negativos y positivos de éstas y su r elación con el medio ambiente y...