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• W2904895137 abstract "This study addresses a novel identification of Adomian Decomposition Method (ADM) to have an accurate and quick solution for the European option pricing problem by using Black-Scholes equation of time-fractional order (FBSE) with the initial condition and generalized Black-Scholes equation of fractional order (GFBSE). The fractional operator is understood in the Caputo mean. First of all, we redefine the Black-Scholes equation as fractional mean which computes the option price for fractional values. Then we have applied the ADM to the FBSE and GFBSE, so we have obtained accurate and quick approximate analytical solutions for these equations. The results related to the solutions have been presented in figures." @default.
• W2904895137 created "2018-12-22" @default.
• W2904895137 creator A5019290576 @default.
• W2904895137 creator A5083784702 @default.
• W2904895137 date "2018-04-15" @default.
• W2904895137 modified "2023-09-25" @default.
• W2904895137 title "A Quantitative Approach to Fractional Option Pricing Problems with Decomposition Series" @default.
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