We present four new methods for approximating the drift in the LIBOR market model when performing very long steps. These are compared with a variety of existing methods, including PPR, Glasserman-Zhao and predictor-corrector. We find that two of them, which use correlation adjustments to better...

Previous research on point spread betting often assumed that bookmakers attract an equal volume of bets on either side of games in order to maximize profits. This paper examines the plausibility of this assumption. Financial simulations based on actual bet volumes on NFL games, point spreads,...

An attempt has been made to summarize the past performance of “Indus Institute of Higher Education” (IIHE) relating to research work already done or being done in its different faculties. In fact this Institute is actively involved in research activities but never reflected them in any...

Предложена модель пролиферативного роста клеточной структуры растительного типа, в которой управление делением клеток осуществляется с помощью двух...

In this paper we present three dimensional cellular automata models for tumour growth, with a focus on the tumour’s natural shrinkage caused by the removal of the dead cells’ mortal remains. The significance of this phenomenon for the resulting volume of the in silico tumour is shown. Two...

Electric-drive vehicles can become and important resource for the California electric utility system, with consequent air pollution, system reliability, and economic benefits. We refer to electric power resources from vehicles as “Vehicle to Grid†power (V2G). The economic value of...