A fast and accurate method for pricing early exercise and certain exotic options in computational finance is presented. The method is based on a quadrature technique and relies heavily on Fourier transformations. The main idea is to reformulate the well-known risk-neutral valuation formula by...

This study explores the impacts a presale contract has on a developer's pricing and production decisions in a game theoretical framework. In an environment where developers have full capital market access, the findings reveal that both developers and buyers are indifferent between a presale and...

In this paper, the structure and control tasks are briefly summarized for ORC (Organic Rankine Cycle) based WHECSs (waste heat energy conversion systems). A control-oriented physical model is established for WHECSs. The energy conversion efficiency of ORC systems is investigated. A constrained...

The electricity to thermal energy output ratio is an important impact factor for the operating modes and performances of combined cooling, heating and power (CCHP) systems. If the energy requirements of users are managed to just match this ration, the system efficiency would reach the maximum....