Narges Mousaviy
Department of Financial Sciences, Kharazmi University, Tehran, Iran
[ 1 ] - An extension of stochastic differential models by using the Grunwald-Letnikov fractional derivative
Stochastic differential equations (SDEs) have been applied by engineers and economists because it can express the behavior of stochastic processes in compact expressions. In this paper, by using Grunwald-Letnikov fractional derivative, the stochastic differential model is improved. Two numerical examples are presented to show efficiency of the proposed model. A numerical optimization approach b...
Co-Authors