We compute a sharp small-time estimate for implied volatility under a general uncorrelated local-stochastic volatility model, with mild linear growth conditions on the drift and vol-of-vol. For this we use the Bellaiche\cite{Bel81} heat kernel expansion combined with Laplace's method to...

Background: Drone transport regulations in Europe require a crash-protected container (CPC) to be used for the carriage of dangerous goods. With increasing interest in the use of drones for medical logistics, the motivation behind this research was to investigate whether the existing approved...