Adequate mathematical modeling is the key to success for many real-world projects in engineering, medicine, and other applied areas. As soon as an appropriate mathematical model is developed, it can ...

We introduce a previously unused numerical framework for estimating the Black-Scholes partial differential equation. The approach, known as the Power Series Method (PSM), offers several advantages ...

The derivative is a basic concept of differential calculus. However, if we calculate the derivative as change in distance over change in time, the result at any instant is 0/0, which seems meaningless ...