A survey on fuzzy fractional differential and optimal control nonlocal evolution equations

We survey some representative results on fuzzy fractional differential equations, controllability, approximate controllability, optimal control, and optimal feedback control for several different kinds of fractional evolution equations. Optimality and relaxation of multiple control problems, described by nonlinear fractional differential equations with nonlocal control conditions in Banach spaces, are considered.Comment: This is a preprint of a paper whose final and definite form is with 'Journal of Computational and Applied Mathematics', ISSN: 0377-0427. Submitted 17-July-2017; Revised 18-Sept-2017; Accepted for publication 20-Sept-2017. arXiv admin note: text overlap with arXiv:1504.0515

Review of modern numerical methods for a simple vanilla option pricing problem

Option pricing is a very attractive issue of financial engineering and optimization. The problem of determining the fair price of an option arises from the assumptions made under a given financial market model. The increasing complexity of these market assumptions contributes to the popularity of the numerical treatment of option valuation. Therefore, the pricing and hedging of plain vanilla options under the Black–Scholes model usually serve as a bench-mark for the development of new numerical pricing approaches and methods designed for advanced option pricing models. The objective of the paper is to present and compare the methodological concepts for the valuation of simple vanilla options using the relatively modern numerical techniques in this issue which arise from the discontinuous Galerkin method, the wavelet approach and the fuzzy transform technique. A theoretical comparison is accompanied by an empirical study based on the numerical verification of simple vanilla option prices. The resulting numerical schemes represent a particularly effective option pricing tool that enables some features of options that are depend-ent on the discretization of the computational domain as well as the order of the polynomial approximation to be captured better

The no-boundary measure in string theory: Applications to moduli stabilization, flux compactification, and cosmic landscape

We investigate the no-boundary measure in the context of moduli stabilization. To this end, we first show that for exponential potentials, there are no classical histories once the slope exceeds a critical value. We also investigate the probability distributions given by the no-boundary wave function near maxima of the potential. These results are then applied to a simple model that compactifies 6D to 4D (HBSV model) with fluxes. We find that the no-boundary wave function effectively stabilizes the moduli of the model. Moreover, we find the a priori probability for the cosmological constant in this model. We find that a negative value is preferred, and a vanishing cosmological constant is not distinguished by the probability measure. We also discuss the application to the cosmic landscape. Our preliminary arguments indicate that the probability of obtaining anti de Sitter space is vastly greater than for de Sitter.Comment: 27 pages, 8 figure

Determination of economic systems behaviour under uncertainty

The paper discuses systems of difference equations with fuzzy parameters and presents some solution procedures with the purpose to study the dynamic behaviour of economic systems in case of uncertainty. The trajectories of the endogenous variables are evaluated firstly at contiguous moments of time, and then, simultaneously. The relations between different solutions are shown. The author also consider essential to provide an algorithm for computing the exact α-cuts of the obtained solution

Solution of inverse problem of fuzzy relational equation by using perceptron model

A Max-Min fuzzy system can be regarded as a network of max and min operational elements. Thus, the inverse problem of a fuzzy relational equation is interpreted as an input estimation problem from output values in the corresponding network. An approximate network model of a fuzzy relational system is proposed. An algorithm for obtaining an approximate solution of the system is presented for using a neural network technique