Using the concept of variational tricomplex endowed with a presymplectic structure, we formulate the general notion of symmetry. We show that each generalized symmetry of a gauge system gives rise to a sequence of conservation laws that are represented by onshell closed forms of various degrees. This extends the usual Noether’s correspondence between global symmetries and conservation laws to t...

We present a Lie algebraic technique for the valuation of multi-asset financial derivatives with time-dependent parameters. Exploiting the dynamical symmetry of the pricing partial differential equations of the financial derivatives, the new method enables us to derive analytical closed-form pricing formulae very straightforwardly. We believe that this new approach will provide an efficient and...

In this study, the Lie group method for constructing exact and numerical solutions of the generalized time-dependent variable coefficients Burgers’, Burgers’–KdV, and KdV equations with initial and boundary conditions is presented. Lie group theory is applied to determine symmetry reductions which reduce the nonlinear partial differential equations to ordinary differential equations. The obtain...