This article proposes a simple and intuitive framework to combine a discrete volatility forecast series produced by a GARCH model with the binomial tree methodology to price path-dependent options. The framework exploits the premise of the path integral methodology of combining the terminal...

One serious problem in deep hole drilling is the occurrence of a dynamic disturbances called spiralling. A common explanation for the occurrence of spiralling is the coincidence of time varying bending eigenfrequencies of the tool with multiples of the spindle rotation frequency. We propose a...