Conformable Decomposition for Analytical Solutions of a Time-Fractional One-Factor Markovian Model for Bond Pricing

Conformable Decomposition for Analytical Solutions of a Time-Fractional One-Factor Markovian Model for Bond Pricing

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In financial and option pricing setting, one-factor model denotes the notion that there exists one Wiener process in the definition of the short-rate process indicating one source of randomness. In this paper, approximate-analytical solution of a time- fractional one-factor Markovian model for bond pricing is considered using the approach of conformable decomposition. The method is a...
 
Published at Applied Mathematics & Information Sciences
Volume 13
Issue 4
Pages 539-544
Published in 2019
 
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S. O. Edeki , I. Adinya, G. O. Akinlabi and O. P. Ogundile
Ogundile Opeyemi » Opeyemi Paul Ogundile obtained his B.Sc and M.Sc in Industrial Mathematics from Covenant University. He works as a researcher and Lecturer at the department of mathematics, Covenant University,Ota, Ogun State. His research interests include: Financial and Computational Mathematics, Modelling, Stochastic processes and numerics. view full profile
Ogundile Opeyemi
 
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