Researchers and practitioners are dealing intensively with the real option valuation. One of generalised types is reversible multi-mode American options. These options solved mainly by applying stochastic discrete binomial models. Uncertainty a typical feature valuation, two basic representation distinguished: risk (stochastic) imprecision (fuzzy). The fuzzy-stochastic models indicate modelling...

In this paper, the problem of stability analysis for a class of impulsive stochastic fuzzy Cohen-Grossberg neural networks with mixed delays is considered. Based on M-matrix theory and stochastic analysis technique, a sufficient condition is obtained to ensure the existence, uniqueness, and global exponential stability in mean square means of the equilibrium point for the addressed impulsive st...

In this paper, multi-dimensional Wiener-Liu process is proposed. Wiener-Liu process is a type of hybrid process, it corresponds to Brownian motion (Wiener process) in stochastic process and Liu process in fuzzy process. In classical analysis, the basic operations are differential and integral. Correspondingly, Ito-Liu formula plays the role of Ito formula in stochastic process and Liu formula i...

representation and modeling of economic uncertainty is addressed by different modeling methods, namely stochastic variables and probabilities, interval analysis, and fuzzy numbers, in particular triple estimates. fo-cusing on discounted cash flow analysis numerical results are presented, comparisons are made between alter-native modeling methods, and characteristics of the methods are discussed.