Parameter estimation in differential equation models is a critical endeavour in the mathematical modelling of dynamic systems. Such models, represented by ordinary differential equations (ODEs), ...
An important class of nonlinear models involves a dynamic description of the response rather than an explicit description. These models arise often in chemical kinetics, pharmacokinetics, and ...
In this paper, a partial differential equation model for the pricing of pension plans based on average salary is posed by using the dynamic hedging methodology. The existence and uniqueness of ...