• Bulletin of the Korean Mathematical Society
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• v.54 no.6
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• pp.1893-1912
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• 2017

In this paper, we aim to construct a nonstandard finite difference (NSFD) scheme to solve numerically a mathematical model for cholera epidemic dynamics. We first show that if the basic reproduction number is less than unity, the disease-free equilibrium (DFE) is locally asymptotically stable. Moreover, we mainly establish the global stability analysis of the DFE and endemic equilibrium by using suitable Lyapunov functionals regardless of the time step size. Finally, numerical simulations with different time step sizes and initial conditions are carried out and comparisons are made with other well-known methods to illustrate the main theoretical results.

• Journal of applied mathematics & informatics
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• v.32 no.3_4
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• pp.343-357
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• 2014

In many non-life insurance applications past data are given in a form known as the run-off triangle. Smoothing such data using parametric crisp regression models has long served as the basis of estimating future claim amounts and the reserves set aside to protect the insurer from future losses. In this article a fuzzy counterpart of the Hoerl curve, a well-known claim reserving regression model, is proposed to analyze the past claim data and to determine the reserves. The fuzzy Hoerl curve is more flexible and general than the one considered in the previous fuzzy literature in that it includes a categorical variable with multiple explanatory variables, which requires the development of the fuzzy analysis of covariance, or fuzzy ANCOVA. Using an actual insurance run-off claim data we show that the suggested fuzzy Hoerl curve based on the fuzzy ANCOVA gives reasonable claim reserves without stringent assumptions needed for the traditional regression approach in claim reserving.

• Journal of applied mathematics & informatics
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• v.9 no.1
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• pp.197-211
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• 2002

In this paper, we propose a multi-Criteria decision making approach to address the problem of finding the best possible solution in credit unions. Sensitivity analysis on the priority structure of the goals has been performed to obtain all possible solutions. The study uses the Euclidean distance method to measure distances of all possible solutions from the identified ideal solution. The possible optimum solution is determined from the minimum distance between the ideal solution and other possible solutions of the Problem.

• Journal of the Korean Mathematical Society
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• v.61 no.4
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• pp.713-742
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• 2024

From the ordinary notion of upper-tail quantitle function, a new concept called conditionally upper-tail quantitle function given a σ-algebra is proposed. Some basic properties of this terminology and further properties of conditionally strictly stationary sequences are derived. By means of these properties, several conditional central limit theorems for a sequence of conditionally strong mixing and conditionally strictly stationary random variables are established, some of which are the conditional versions corresponding to earlier results under non-conditional case.

• Journal of the Korean Society for Industrial and Applied Mathematics
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• v.20 no.2
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• pp.163-174
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• 2016

In this paper, we propose an optimal choice scheme to determine the best option among comparable options whose current expectations are all the same under the condition that an investor has a confidence in the future value realization of underlying assets. For this purpose, we use a path-averaged option as our base instrument in which we calculate the time discounted value along the path and divide it by the number of time steps for a given expected path. First, we consider three European call options such as vanilla, cash-or-nothing, and asset-or-nothing as our comparable set of choice schemes. Next, we perform the experiments using historical data to prove the usefulness of our proposed scheme. The test suggests that the path-averaged option value is a good guideline to choose an optimal option.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.3
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• pp.741-750
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• 2021

The budget deficit is closely related to expansionary fiscal policy as a fiscal instrument to encourage economic growth. This study aims to apply optimal control theory in the Keynesian macroeconomic model for the economy, so that optimal growth can be found. Macroeconomic variables include GDP, consumption, investment, exports, imports, and budget deficit as control variables. This study uses secondary data in the form of time series, the time period 1990 to 2018. Performing optimal control will result in optimal fiscal policy. The optimal determination is done through simulation, for the period 2019-2023. The discrete optimal control problem is to minimize the objective function in the form of a quadratic function against the deviation of the state variable and control variable from the target value and the optimal value. Meanwhile, the constraint is Keynes' macroeconomic model. The results showed that the optimal value of macroeconomic variables has a deviation from the target values consisting of: consumption, investment, exports, imports, GDP, and budget deficit. The largest deviation from the average during the simulation occurs in GDP, followed by investment, exports, and the budget deficit. Meanwhile, the lowest average deviation is found in imports.

• Journal of applied mathematics & informatics
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• v.20 no.1_2
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• pp.181-195
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• 2006

Resource-constrained project scheduling problems with variant processes can be represented and solved using a logic-based terminological language called RSV (resource constrained project scheduling with variant processes). We consider three different variants for formalizing the RSV-scheduling problem, the optimizing variant, the number variant and the decision variant. Using the decision variant we show that the RSV- problem is NP-complete. Further we show that the optimizing variant (or number variant) of the RSV-problem is computable in polynomial time iff. the decision variant is computable in polynomial time.

• Journal of applied mathematics & informatics
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• v.7 no.3
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• pp.833-842
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• 2000

Consider the even-order neutral difference equation (*) ${\delta}^m(x_n{-}p_ng(x_{n-k}))-q_nh(x_{n-1})=0$, n=0,1,2,... where $\Delta$ is the forward difference operator, m is even, ${-p_n},{q_n}$ are sequences of nonnegative real numbers, k, l are nonnegative integers, g(x), h(x) ${\in}$ C(R, R) with xg(x) > 0 for $x\;{\neq}\;0$. In this paper, we obtain some linearized oscillation theorems of (*) for $p_n\;{\in}\;(-{\infty},0)$ which are discrete results of the open problem by Gyori and Ladas.

• Journal of applied mathematics & informatics
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• v.36 no.5_6
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• pp.381-396
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• 2018

In this paper we have considered a system of mixed generalized variational inequality problems defined on two different domains in a Hilbert space. It has been shown that the solution of a system of mixed generalized variational inequality problems is equivalent to altering point formulation of some mappings. A new parallel S-iteration type process has been considered which converges strongly to the solution of a system of mixed generalized variational inequality problems.

• Journal of applied mathematics & informatics
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• v.12 no.1_2
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• pp.335-349
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• 2003

Almost all business are affected by the weather so that weather derivatives has been traded to hedge weather risk. Since the weather itself is not an asset with a market price, some analysts believe that the Black-Scholes equation could not be used appropriately to price weather derivative options. But some weather derivatives can be considered as an Asian option, we revisit the Black-scholes model. Numerical solution of the Black-Scholes equation has a significant error at the money option or around the money option, it is necessary to adopt adaptive mesh near to the strike value. Here we propose a numerical method with an adaptive grid refinement.