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.

Downloads

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.

Downloads

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

License

Creative Commons Licence 4.0 by  

Authors who publish with this journal agree to the following terms:

  • Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a CCAL that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
  • Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
  • Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.