In this PowerPoint presentation we give an overview of yield curves, show how they are modelled and calibrated and give a brief overview of LIBOR reform.Firstly we explain how to calibrate curves to imply forward rates & discount factors. Secondly, we outline the interpolation, optimization and...

In the electronic commerce market, the minimum order quantity or the minimum order value constraints are present.A minimum quantity of the commodity bundle or the minimum purchase value are to be ordered to get the commodity with or without discounts offers that is selected to buy.This acts as a...

This paper addresses the following question: How can a financial institution, which has issued a European option, optimally hedge the payoff of this option by investing into the underlying stock and into the option itself? Here, optimality is measured in terms of minimal variance and the...

This paper addresses the following question: How can a financial institution, which has issued a European option, optimally hedge the payoff of this option by investing into the underlying stock and into the option itself? Here, optimality is measured in terms of minimal variance and the...

The presented paper is focused on satellite image analysis using GRASS GIS. The aim is to perform comparative analysis of the land cover changes in Tokyo metropolitan area through spatial analysis. Data include multi-temporal Landsat TM satellite images on 2002, 2006 and 2011. The images were...

This paper discusses multi-period investment processes under parameter uncer- tainty and criteria to maximize exponential growth. Applying an information- theoretical argument, we find, for a Bernoulli process, the least biased investment strategy consistent with an expected exponential growth...

The main purpose of this article is to present the use of R programming language in cartographic visualization demonstrating using machine learning methods in geographic education. Current trends in education technologies are largely influenced by the possibilities of distance-learning,...

In this paper, we apply stochastic maximum principles to derive representations for exponential utility indifference prices. We also obtain the related optimal portfolio processes and utility indifference hedging strategies. To illustrate our theoretical results, we present several concrete...

The vegetation indices (VIs) derived from the hyperspectral reflectance of vegetation are presented in this study for monitoring live green vegetation in the northern ecosystems of Iceland, along the fjords of Eyjafjörður and the Skagafjörður. The comparative analysis of the following VIs...

This research focuses on the 2D and 3D geospatial analysis of the Ryukyu Trench, a deep-sea trench located in the western Pacific Ocean between Japan and Taiwan. The aim of the research is to visualize regional differences in the topography of the southern (S) and northern (N) parts of the...