Fast and accurate pricing of discretely monitored barrier options by numerical path integration

Barrier options are financial derivative contracts that are activated or deactivated according to the crossing of specified barriers by an underlying asset price. Exact models for pricing barrier options assume continuous monitoring of the underlying dynamics, usually a stock price. Barrier options in traded markets, however, nearly always assume less frequent observation, e.g. daily or weekly. These situations require approximate solutions to the pricing problem. We present a new approach to pricing such discretely monitored barrier options that may be applied in many realistic situations. In particular, we study daily monitored up-and-out call options of the European type with a single underlying stock. The approach is based on numerical approximation of the transition probability density associated with the stochastic differential equation describing the stock price dynamics, and provides accurate results in less than one second whenever a contract expires in a year or less. The flexibility of the method permits more complex underlying dynamics than the Black and Scholes paradigm, and its relative simplicity renders it quite easy to implement.     

中国城市土地利用结构优化研究述评

城市土地利用结构的确定和优化是城市总体规划的核心内容，从土地使用制度变迁，学科交叉，数理模型方法三方面回顾了中国城市土地利用结构优化研究的发展历程，分析了中国城市土地利用结构优化研究的新气象。在此基础上，指出当前研究工作的不足和问题，并提出未来研究的方向。     

A Multi-Objective Hybrid Genetic Based Optimization for External Beam Radiation

A multi-objective hybrid genetic based optimization algorithm is proposed according to the multi-objective property of inverse planning. It is based on hybrid adaptive genetic algorithm which combines the simulated annealing, uses adaptive crossover and mutation, and adopts niched tournament selection. The result of the test calculation demonstrates that an excellent converging speed can be achieved using this approach.     

混沌优化方法在灰色非线性水环境规划中的应用

通过把灰色参数和灰色变量视为混沌变量，利用混沌运动的遍历性、随机性、规律性以及对初值敏感性的特点，尝试应用具有优秀随机搜索性能的混沌优化方法求解水环境灰色非线性规划问题。实例研究证明，该方法具有搜索速度快、求解精度高的优点，因此对目标函数的优化结果比常规数值解法、遗传算法更加有效。     

浅谈城市道路立交的概念性方案设计

通过南昌市某快速路的设计实例，认识到搞好快速路沿线各交叉口的方案设计是快速路规划设计的关键内容。道路交叉口设计应注重交通功能分析，满足路口交通需求，同时也不能忽视立交的景观要求。     

信息化在传统企业管理中的应用

就山西大同齿轮集团有限责任公司在生产管理方面进行改革的尝试 ,从企业概况、项目规划、系统组织、实施组织、应用过程、效益体会几个方面做了阐述 ,提出运用高新技术、实施信息化系统是传统企业发展之路     

地面遥控可调弯接头的设计

钻进过程中,为实现定向控制目标,发明了地面遥控可调弯接头,它通过改变钻井液排量来使上、下花键轴在花键筒内上下滑动,由于各花键齿端部形状的特点,这一滑动会导致上、下花键筒之间发生转动,又由于上、下花键筒的转动轴线与它们的外表面不平行,就会使它们之间出现需要的各种弯角,从而在地面就能改变井下弯接头的结构弯角,满足定向控制技术的需要。整个调节过程花费时间很少,因此可节约钻井成本。     

增强大学生职业规划效果的宏观对策

针对目前大学生职业规划效果不佳的现状，分析了导致大学生职业规划效果不佳的原因，提出了增强大学生职业规划效果的宏观对策。     

利用射线路径反演层状介质速度的方法

本文根据欧拉方程对于连续层状介质进行了方程推导，得出一个波传播的射线路径公式，利用中 公式导出了ＶＳＰ资料处理中的速度反演公式。     

Genetic algorithms for symbolic clustering

This paper introduces a novel methodology for clustering of symbolic objects by making use of Genetic Algorithms (GAs). GAs are a family of computational models inspired by evolution. These algorithms encode potential solutions to specific problems on simple chromosome-like data structures and apply recombination operators to these structures so as to preserve critical information. A new type of representation for chromosome structure is presented here along with a new method for mutation. The efficacy of the proposed method is examined by application to numeric data of known number of classes and also to assertion type of symbolic objects drawn from the domain of fat oil, microcomputers, microprocessors and botany. The validity of the clusters obtained is examined.