In this paper, we analyze the symmetric interior penalty Galerkin (SIPG) for distributed optimal control problems governed by unsteady convection diffusion equations with control constraint bounds. A priori error estimates are derived for the semi- and fully-discrete schemes by using piecewise...

Most research on option hedging has compared the performance of delta hedges derived from different stochastic volatility models with Black-Scholes-Merton (BSM) deltas, and in particular with the `implied BSM’ model in which an option’s delta is based on its own market implied volatility....

This paper contributes to classification and identification in modern finance through advanced optimization. In the last few decades, financial misalignments and, thereby, financial crises have been increasing in numbers due to the rearrangement of the financial world. In this study, as one of...

Multivariate adaptive regression splines (MARS) has become a popular data mining (DM) tool due to its flexible model building strategy for high dimensional data. Compared to well-known others, it performs better in many areas such as finance, informatics, technology and science. Many studies...