This paper discusses the pricing of arithmetic Asian options when the underlying stock follows the constant elasticity of variance (CEV) process. We build a binomial tree method to estimate the CEV process and use it to price arithmetic Asian options. We find that the binomial tree method for...

Universitatile sunt considerate institutii ale "invatarii". Dar, cine si ce invata in universitati? Ceea ce se iInvata in universitati reflecta necesitatile unei societati antreprenoriale? Analiza literaturii de specialitate demonstreaza clar ca, la nivel international, s-a scris si discutat...

Historically, business process design has been driven by business objectives, specifically process improvement. However this cannot come at the price of control objectives which stem from various legislative, standard and business partnership sources. Ensuring the compliance to regulations and...

This article presents a method for developing internal ratings to best select among the business partners of a firm. It represents very complex goal which should be performed according to some proven managerial techniques. The author implemented the Analytic Hierarchy Process in which the...

Etica in marketing vizeaza aplicarea normelor si principiilor morale opticii si practicii de marketing. Modalitatea de concretizare a normelor de etica o reprezinta codurile si regulile generale de comportament elaborate de diferite organizatii profesionale, de intreprinderi sau asociatii ale...