An Efficient Method for Solving Fractional Black-Scholes Model with Index and Exponential Decay Kernels. (21st September 2022)

• Record Type: Journal Article
• Authors: Rashid, Saima; Butt, Saad Ihsan; Hammouch, Zakia; Bonyah, Ebenezer
• Other Names: Meskhi Alexander Academic Editor.
• Is Part Of: Journal of function spaces. Volume 2022(2022)
• Publication Date: 2022-09-21
• Subjects: Function spaces -- Periodicals; 515.7305
• DOI: 10.1155/2022/2613133
• Languages: English
• ISSNs: 2314-8896

Abstract

Abstract : The Black-Scholes equation (BSe) is fascinating in the business world for predicting the performance of financial investment valuation systems. The Caputo fractional derivative (CFD) and Caputo-Fabrizio fractional derivative operators are used in this research to analyze the BSe. The Adomian decomposition method (ADM) and the new iterative transform (NIM) approach are combined alongside the Yang transform. In addition, the convergence and uniqueness results for the aforementioned framework have been calculated. The existence and uniqueness results have been established and frequently accompanied innovative aspects of the prospective system in fixed point terminologies. To provide additional insight into such concepts, a variety of illustrations and tabulations are used. Additionally, the provided techniques regulate and modify the obtained analytical results in a really productive fashion, allowing us to modify and regulate the converging domains of the series solution in a pragmatic manner.