Heston’s Stochastic Volatility Model Implementation‚ Calibration and Some Extensions Sergei Mikhailov‚ Ulrich Nögel Fraunhofer Institute for Industrial Mathematics‚ Kaiserslautern‚ Germany‚ Mikhailov@itwm.fhg.de; Noegel@itwm.fhg.de 1 Introduction The paper discusses theoretical properties‚ shows the performance and presents some extensions of Heston’s (1993) stochastic volatility model. The model proposed by Heston extends the Black and Scholes (1993) model and includes it as a special case
Premium
THE PROCESSES OF BUILDING BRAND EQUITY This paper combines the conceptual framework of customer-based brand equity (Keller‚ 1993) and six-stage model of brand evolution (Goodyear‚ 1996) to develop the processes of building brand equity. Focuses of brand equity building are suggested for each stage. Key words: brand equity‚ brand knowledge‚ brand evolution INTRODUCTION Successfully building‚ managing‚ and tracking the brand equity of brands are main goals of brand management. The brand strategies
Premium Brand Brand management Branding
head: FUNCTIONAL LEADERSHIP MODEL IN HEALTHCARE Functional Leadership Model in Healthcare Functional Model Leadership in Healthcare The traditional leadership model focuses on three main areas which are looked at to be the core areas of leadership; task‚ individual‚ and team (Al-Touby‚ 1). Our text does not cover the traditional leadership model but‚ it does cover the path-goal leadership theory which in some sense relates to both the traditional leadership model and the functional result-oriented
Premium Leadership Medicine
SPIRAL MODEL The spiral model combines the idea of iterative development (prototyping) with the systematic‚ controlled aspects of the waterfall model. It allows for incremental releases of the product‚ or incremental refinement through each time around the spiral. The spiral model also explicitly includes risk management within software development. Identifying major risks‚ both technical and managerial‚ and determining how to lessen the risk helps keep the software development process under control
Free Software development process Agile software development Waterfall model
Psychoanalytic Model N/A Psy/310 September 6‚ 2014 Psychoanalytic Model Sigmund Freud started psychoanalysis in 1896. Freud believed that people could be cured by making conscious their unconscious thoughts and motivations‚ thus gaining “insight”. The aim of psychoanalysis therapy is to release repressed emotions and experiences‚ make the unconscious conscious. Psychoanalysis is commonly used to treat depression and anxiety disorders ("The European Graduate School "‚ 1997-2012). Start of Psychoanalysis
Premium Sigmund Freud Psychoanalysis
Similarly to the informative model‚ the interpretive model assumes that the physician is responsible for giving the patient with all important information concerning their state and treatment. However‚ the practitioner goes beyond providing the information and accepting the patient’s choices. Unlike the informative practitioner‚ the interpretive practitioner knows that the patient’s values are not completely recognized by the patient‚ in fact their values are often conflicting and underdeveloped
Premium Health care Patient Health care provider
CAPM is a model which enables investors to determine the expected return from a risky security. It observes the relationship between the risk of an asset (Mobil Oil) and its return. The model uses Beta as the main measure of risk. This model works under the following situations: • In a perfectively competitive market where they are many price-takers’ investors‚ who have a small market share each. • Investors behaviour is myopic • Also investments included in the model are publicly
Premium Regression analysis Variance Probability theory
Lab 4 Worksheet: Model Ecosystems Student instructions: Follow the step-by-step instructions for this exercise found on the worksheet below and in the virtual lab and record your answers in the spaces below. Submit this completed document by the assignment due date found in the Syllabus. Please make sure that your answers are typed in RED. Please type your Name and Student ID Number here: Directions 1. Open the Virtual Lab titled “Model Ecosystems”. 2. Please make sure you have
Free Food chain Ecology
Review Paper: Geopolitical Models Since the twentieth century‚ the geopolitical concept has evolved and developed. Geopolitics is the attempt to explain international politics in terms of geography‚ which includes location‚ size‚ and resources of places. It tries to describe the relationship between geographic space‚ resources‚ and foreign policy. One of the most talented geographers and politicians who made this discipline evolve is Sir Halford John Mackinder. Through his researches and international
Premium Samuel P. Huntington Geography Western world
The Minsky Model of a General Financial Crisis A Synopsis of ‘Chapter 2 -- The Anatomy of a Typical Crisis’ in Manias‚ Panics and Crashes - A History of Financial Crises by Charles P. Kindleberger and Robert Z. Aliber‚ Sixth Edition‚ Palgrave Macmillan‚ Copyright 2011 Since the end of the Great Depression “…financial failure has been more extensive and pervasive” in the 30-year period 1980 to 2010 than at any other time leading up to the present day (p. 7). Four financial crises occurred
Premium Business cycle