Abstract. The impacts of the climate change progress in a form heavy cloudbursts, have been being reported over course last decade from many world cities. consequences this phenomenon are causing damages to urban infrastructure and private properties, they affect transport as well other primary city functions. In respect we should ask question, if which extent can our society be protected again...

A model that integrates biophysical simulations in an economic model is used to analyze the impact of climate change on crop production. The biophysical model simulates future plantmanagement-climate relationships and the economic model simulates farmers’ adaptation actions to climate change using a nonlinear programming approach. Beyond the development of average yields, special attention is d...

Research has proven that, at a national scale in Cameroon, arable crop production is either declining or stagnant. In the face of these trends, governments, local and international organizations, communities and peasant farmers have developed adaptation options to sustain arable production and reduce poverty. Given this general context, and based on population perceptions and four study sites i...

This article discusses convergence problems when calculating Vega (option sensitivity to volatility) that arise from discretization errors embedded in the lattice approach. Four alternative improvements to the traditional binomial method are discussed and investigated for performance. We also propose a new Modified Binomial (MB) Method to calculate Vegas. Numerical results show that although th...

Software pricing has traditionally been focused on the vendor’s internal business objectives of covering costs, achieving specified margins, and meeting the competition. Pricing methods such as flat price, tiered pricing, MIPS-based, usage-based, per user, per seat, and pay as you go, are often tactical in nature and easily matched by competitors, which can undermine profitability by accelerati...

This paper gives a probabilistic interpretation of a class of nite diierence schemes often referred to as the-method. In particular, the present paper shows that for some parameter values the-method can been seen as a binomial tree with a random time.

A special inequality between the tail probabilities of certain related hypergeometrics was shown by Seneta and Phipps [19] to suggest useful ‘quasi-exact’ alternatives to Fisher’s [5] Exact Test. With this result as motivation, two inequalities of Hájek and Havránek [6] are investigated in this paper and are generalised to produce inequalities in the form required. A parallel inequality in bino...

This research investigates how the price frame affects the consumer’s preference. Using qualitative methodology from the prospective of behavioral science, we find in the overall assessment of a product, the consumers have more selective attention and thus higher weight on secondary attributes under partitioned pricing than under combined pricing. That means in online selling, consumers pay mor...

The aim of this paper is to study the problem of optimality of replicating strategies associated with pricing of American contingent claims in the Cox–Ross–Rubinstein model with proportional transaction costs. We show that a replication of the option is always possible. We give sufficient conditions for the existence of a replicating strategy which is optimal, and also show an example of an opt...