700 Journals and 15,000,000 Readers Each Journal is getting 25,000+ ReadersThis Readership is 10 times more when compared to other Subscription Journals (Source: Google Analytics)
Research Article Open Access
Black-Scholes equation is a well-known partial differential equation in financial mathematics. In this paper we try to solve the European options (Call and Put) using different numerical methods as well as analytical methods. We approximate the model using a Finite Element Method (FEM) followed by weighted average method using different weights for numerical approximations. We present the numerical result of semidiscrete and full discrete schemes for European Call option and Put option by Finite Difference Method and Finite Element Method. We also present the difference of these two methods. Finally, we investigate some linear algebra solvers to verify the superiority of the solvers.
Black-Scholes model, Call and put options, Exact solution, Finite difference schemes, Finite Element Methods, Biometrics ,Biostatistics, Behaviometrics, Combinatorics, Deformation, Geometry, Harmonic analysis, Algebra, Homotopical Algebra,Latin square, Lie theory, Lie Triple Systems, Loop Algebra,Representation theory, Symmetric Space, Topology, Quantum Group, Operad theory, Quasigroup, Black-Scholes model, Finite difference schemes, Finite Element Methods