Title of article
INVARIANT APPROACHES TO EQUATIONS OF FINANCE
Author/Authors
Mahomed, F. M. University of the Witwatersrand - Differential Equations, Continuum Mechanics and Applications,School of Computational and Applied Mathematics, South Africa , Mahomed, K. S. Lahore School of Economics - Centre for Mathematics and Statistical Sciences, Pakistan , Naz, R. , Momoniat, E. University of the Witwatersrand - Differential Equations, Continuum Mechanics and Applications,School of Computational and Applied Mathematics, South Africa
From page
244
To page
250
Abstract
We firstly show how effective it is to utilize the invariant criteria for scalar linear (1+1) parabolic equations in order to perform reductions to the three Lie canonical forms of a bond-pricing model from finance. As a consequence we arrive at new results on bond-pricing equations that admit four nontrivial symmetries. In the second part we draw attention to a new method developed for equations of economics.
Journal title
mathematical and computational applications
Journal title
mathematical and computational applications
Record number
2681416
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