In recent years, there has been a fast growth in the application of long-memory processes to underlying assets including stock, volatility index, exchange rate, etc. The fractional Brownian motion is the most popular of the long-memory processes and was introduced by Kolmogorov in 1940 and later...

In modelling financial derivatives, the pricing of barrier options are complicated as a result of their path-dependency and discontinuous payoffs. In the case of rebate knock-out barrier options, discount factors known as rebates are introduced, which are payable to the option holder when the...

In modelling financial derivatives, the pricing of barrier options are complicated as a result of their path-dependency and discontinuous payoffs. In the case of rebate knock-out barrier options, discount factors known as rebates are introduced, which are payable to the option holder when the...

This paper presents a thermal model for a dish Stirling cavity based on the finite differences method. This model is a theoretical tool to optimize the cavity in terms of thermal efficiency. One of the main outcomes of this work is the evaluation of radiative exchange using the radiosity method;...

The exploitation of renewable energy sources and specifically photovoltaic (PV) devices have been showing significant growth; however, for a more effective development of this technology it is essential to have higher energy conversion performances. PV producers often declare a higher efficiency...

Since the introduction of the first weather derivative in the United-States in 1997, a significant number of work was directed towards the pricing of this product and the modelling of the daily average temperature which characterizes most of the traded weather instruments. The weather...

Master of Science