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We derive analytically the first four conditional moments of the integrated variance implied by the GARCH diffusion process. From these moments we obtain an analytical closed-form approximation formula to price European options under the GARCH diffusion mo ...
This ar ticle explores the potential of RFID (radio frequency identification device) for improving the current waste and resource management system in Switzerland. It presents the following three possible options for utilizing RFID tags to suppor t waste m ...
Our paper draws upon concrete research cases to show: firstly, how the approach, the perspective and the representational framework of eGovernment initiatives influence the nature of the changes taking place and, as too many problems remain unaddressed, wh ...
An accurate model of the user's preferences is a crucial element of most decision support systems. It is often assumed that users have a well-defined and stable set of preferences that can be elicited through a set of questions. However, recent research ha ...
American Association for Artificial Intelligence, Menlo Park, CA 94025-3496, United States2005
Production volume of PV modules increases at > 35% per year, but one is yet far from making a global impact on energy supply. One of the obstacles is given by the present high production costs of PV modules. A possibility to reduce costs are thin-film PV m ...
Cet article donne une synthèse d’idées visant à intégrer certains éléments de la nouvelle approche par options réelles (real options) dans une démarche globale d’analyse de la décision multicritère. Les options réelles servent au calcul de la VAN étendue p ...
More than ever before, a compelling need exists for an encyclopedic resource about soil – the rich mix of mineral particles, organic matter, gases, and soluble compounds that foster both plant and animal growth. Civilization depends more on the soil as hum ...
We propose a parsimonious 'unspanned stochastic volatility' model of the term structure and study its implications for fixed-income option prices. The drift and quadratic variation of the short rate are affine in three state variables (the short rate, its ...
Valuation is a key topic in the financing and development of high growth companies. The goal of this study is to bridge the existing gap between the assessment of a company and the financial valuation. Many models exist to capture soft factors, and many mo ...
The internet presents people with an increasingly bewildering variety of choices. Online consumers have to rely on computerized search tools to find the most preferred option in a reasonable amount of time. Recommender systems address this problem by searc ...
Association for Computing Machinery, New York, NY 10036-5701, United States2006