Quadratic Hedging of American Options Under GARCH Models
ABSTRACT American options are widely traded in financial markets, yet there is a scarcity of literature on hedging in incomplete markets. In this paper, we derive optimal hedging ratios and option values using Local Risk Minimization (LRM) and Global Risk Minimization (GRM) hedging strategies through dynamic programming.
Junmei Ma, Chen Wang, Wei Xu
wiley +1 more source
Enhanced twin delayed DDPG with prioritized experience replay and Noisy Nets for regional economic dispatch. [PDF]
Xu C +5 more
europepmc +1 more source
Paying for Health Gains Using Patient Reported Outcome Measures
ABSTRACT Payments to healthcare providers are often based on the number of patients with a particular diagnosis or treatment with well known limitations. Payment based on health outcomes, a form of pay‐for‐performance, has long been advocated as a possible solution.
Luigi Siciliani +4 more
wiley +1 more source
Quantum annealing applications, challenges and limitations for optimisation problems compared to classical solvers. [PDF]
Quinton FA +4 more
europepmc +1 more source
ABSTRACT This study examines the environmental, social and governance (ESG) scoring methodologies used by Bloomberg and S&P Global through the lens of Data Envelopment Analysis (DEA). It addresses a notable gap in the literature by identifying the underlying factors that shape ESG scores and providing practical insights for companies seeking to ...
Philipe Balan +4 more
wiley +1 more source
Data-driven acceleration of mixed-integer bilinear programs: a comparative study for robot motion planning. [PDF]
Lin X.
europepmc +1 more source
Researcher–Entrepreneur Relationship and Performance of Innovative Startups
ABSTRACT Many innovative startups are joint ventures between researchers and entrepreneurs, who collaborate in R&D and product commercialization. Government policies such as grants, subsidies, and patent licensing fees act as Pigouvian subsidies, incentivizing R&D by bridging the gap between the social and private returns of innovation.
Yangguang Huang, Helen Hui
wiley +1 more source
Transforming the automotive industry: Defining, clustering, and efficiency analysis of the next-generation automotive ecosystem. [PDF]
Shon M, Kim J, Kim H.
europepmc +1 more source
Abstract Objective To evaluate whether a rule‐based artificial intelligence (AI) program can enhance interrater agreement in cardiotocography (CTG) interpretation between nurse–midwives and obstetricians. Methods CTG data from 50 singleton pregnancies at ≥32 weeks of gestation were used to develop a rule‐based AI program based on National Institute of ...
Sriwipa Kaewsrinual +4 more
wiley +1 more source
Energy-efficient path planning for Robotic Bulkhead Inspection using Residual-Enhanced UKF and Hierarchical MPC. [PDF]
Wang J, Li L, Gao R, Yang L.
europepmc +1 more source

