In today's competitive business environment, ensuring the sustainability in long-run remains
a key challenge for business organizations. Using fossil fuel-based technologies for in …

In this paper, we investigate the pricing of European crude oil options under nonlinear
dynamics with stochastic behaviour and jump risks, incorporating the features of arising …

In recent years, although rail transport has contributed significantly to the productivity of the
Chinese economy, it has also been faced with the fierce competition and challenge from …

For railway freight pricing, this paper proposes a new tradable rail freight option (RFO). A
multiphase trigeminal tree pricing model is established to analyze the optimal pricing …

The short-lived arbitrage model has been shown to significantly improve in-sample option
pricing fit relative to the Black–Scholes model. Motivated by this model, we imply both …

This work presents innovations with α-stable processes to value a structured product to
minimize energy costs in a given period assuming that an organization selects between oil …

Este trabajo presenta innovaciones con procesos α-estables para valuar un producto
estructurado para minimizar costos energéticos en un periodo dado suponiendo que una …

The regime-switching jump-diffusion models have attracted great attention from the research
community recently due to their ability to capture the random market movements during both …

This dissertation is composed of three essays related to hedging and application of the
Black-Scholes model. The first essay is motivated by the short-lived arbitrage model, which …