In this paper, the meshless local Petrov-Galerkin (MLPG) method is applied for solving a generalized Black-Scholes equation in financial problems. This equation is a PDE governing the price evolution of a European call or a European put under the Black-Scholes model. The θ-weighted method and MLPG are used for discretizing the governing equation in time variable and option pricing, respectively...

This paper deals with the dynamic analysis of stress field in cylindrically layeredstructures reinforced by carbon nanotube (CLSRCN) subjected to mechanical shock loading.Application of meshless local integral equations based on meshless local Petrov-Galerkin(MLPG) method is developed for dynamic stress analysis in this article. Analysis is carriedout in frequency domain by applying the Laplace...

A comparison study of the efficiency and accuracy of a variety of meshless trial and test functions is presented in this paper, based on the general concept of the meshless local Petrov-Galerkin (MLPG) method. 5 types of trial functions, and 6 types of test functions are explored. Different test functions result in different MLPG methods, and six such MLPG methods are presented in this paper. I...