This paper introduces parallel computation for spread options using two-dimensional Fourier transform. Spread options are multi-asset options whose payoffs depend on the difference of two underlying financial securities. Pricing these securities, however, cannot be done using closed-form...

The aim of this project was to investigate and evaluate corrosion using computer modelling for investigating causes of failure on specimen which had similar behavior to nature of failures, used in petroleum industry. A nipple-connecter reducer made from malleable cast iron used to carry liquid...

We study a non-parametric class of neoclassical trade models with global production networks and arbitrary distortions. We characterize their properties in terms of sufficient statistics useful for growth and welfare accounting as well as for counterfactuals. Using these sufficient statistics,...

The development of self-learning and independent computers has long captured our imagination. The HAL 9000 computer, in the 1968 film, 2001: A Space Odyssey, for example, assured, “I am putting myself to the fullest possible use, which is all I think that any conscious entity can ever hope to...

With the prevalence of smartphones, it is important to understand the relationship between the smartphone channel and the computer channel. In this paper, we examine the extent to which smartphones substitute for or complement computers. We utilize unique panel data on individuals’ smartphone...

Machine learning algorithms may radically improve our ability to diagnose and treat disease. For moral, legal, and scientific reasons, it is essential that doctors and patients be able to understand and explain the predictions of these models. Scalable, customisable, and ethical solutions can be...

This study identifies and analyses the factors that influence the export performance of Indian garments manufacturing firms. The data come from a sample of seventy-four firms located in Okhla. The results show that intensity of adoption of Information Technology (IT) was the most significant...

The explosion in the tech world has resulted in alarming growth of unwanted electric items creating a new environmental issue “E-waste,” which pose a risk to sustainable economic growth and the environment emphasizing on the need for management of e-waste. There has been a growing pressure...

The development of self-learning and independent computers has long captured our imagination. The HAL 9000 computer, in the 1968 film, 2001: A Space Odyssey, for example, assured, “I am putting myself to the fullest possible use, which is all I think that any conscious entity can ever hope to...