Facilitating Strategic Operations by Making Use of a Model Incorporating a Stochastic Integral

Authors

  • Constantinos T. Artikis Department of Tourism Ionian University Faculty of Economical Sciences 49 100 Corfu
  • Panagiotis T. Artikis Department of Accounting and Finance University of West Attica School of Management, Economic and Social Sciences 12244 Egaleo, Athens

DOI:

https://doi.org/10.26713/cma.v10i4.1263

Keywords:

Model, Discounting, Characteristic function

Abstract

Formulation, investigation, and practical interpretation of stochastic models are generally recognized as extremely useful research activities for a wide class of scientific disciplines. The paper makes use of a stochastic integral and a product of two positive random variables for formulating a stochastic model. A characterization and an interpretation in strategic operations arising in financial economics of the formulated stochastic model are also established by the paper.

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References

P. T. Artikis, Deriving advantage over a crisis by incorporating a new class of stochastic models for risk control operations, Annals of Operations Research 247 (2016), 823 – 831, DOI: 10.1007/s10479-015-1896-3.

C. T. Artikis, Stochastic integrals and power contractions in Bernoulli selections, Journal of Informatics and Mathematical Sciences 10 (2018), 411 – 415, DOI: 10.26713/jims.v10i3.909.

J. Galambos and J. I. Simonelli, Products of Random Variables, Marcel Dekker, New York (2004).

J. M. Harrison, Ruin problems with compounding assets Stochastic Processes and their Applications 5 (1977), 67 – 79, DOI: 10.1016/0304-4149(77)90051-5.

E. Lukacs, Characteristic Functions, Griffin, London (1970).

R. Rosenthal, The variance of present worth of cash flows under uncertain timing, The Engineering Economist 23 (1978), 163 – 170, DOI: 10.1080/00137917708902823.

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Published

31-12-2019
CITATION

How to Cite

Artikis, C. T., & Artikis, P. T. (2019). Facilitating Strategic Operations by Making Use of a Model Incorporating a Stochastic Integral. Communications in Mathematics and Applications, 10(4), 845–849. https://doi.org/10.26713/cma.v10i4.1263

Issue

Vol. 10 No. 4 (2019)

Section

Research Article

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