Purpose: We consider the problem of route planning of multiple rechargeable heterogeneous UAVs with multiple trips under mission time and payload carrying constraints. The goal is to determine the types and number of UAVs to be deployed and their flying paths that minimizes the monetary cost,...

Introduction -- Volatility and its estimation -- Overview of volatility derivatives -- Options delta hedging with no options at all -- Volatility derivatives in portfolio optimization -- Benefits of using volatility futures in investment strategies -- Predictive properties of the volatility term...