This paper presents closed-form expressions for pricing Bermudan options in terms of an infinite series of standard solutions of the Black-Scholes equation. These standard solutions are combined for successive exercise dates using backward induction. At each exercise date, the optimal exercise...

The tanh method is used to find travelling wave solutions to various wave equations. In particular, it is extended to solve a coupled set of (1+1) dimensional Korteweg–de Vries type of equations, (3+1) dimensional Korteweg–de Vries like equation and Liouville’s equation. Also the stability...