Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
469774 | Computers & Mathematics with Applications | 2008 | 9 Pages |
Abstract
In this paper, by means of the variational iteration method, numerical solutions are computed for some stochastic models, without any linearization or weak assumptions. Two stochastic models, the Fokker–Planck equation for non-equilibrium statistical systems and the Black–Scholes model for pricing stock options, are solved numerically. In this approach, the solution is found in the form of a convergent series with easily computed components. The behavior of the approximate solutions is shown graphically.
Related Topics
Physical Sciences and Engineering
Computer Science
Computer Science (General)
Authors
Ameen Alawneh, Kamel Al-Khaled,