{"product_id":"adaptive-methods-for-variational-inequalities-von-chen-song-zhang","title":"Adaptive Methods For Variational Inequalities","description":"\u003cp\u003eVariational inequalities (VIs) arise from a wide range of application  areas, like mechanics, control theory, engineering, and finance. One of  the emerging applications of variational inequalities in finance is  valuation of American-style options. An option is a derivative contract  where the future payoffs to the buyer and seller of the contract are  determined by the price of another security, such as a common stock  or a basket of stocks. American option pricing can be formulated as an  obstacle problem, a particular example of VIs. To solve time dependent variational inequalities numerically, we employ the explicit  or implicit Euler method for time-discretization and the finite element  method (FEM) for space-discretization with adaptive time-space mesh  refinement techniques. Adaptive mesh refinement is an important tool  to deal with multiscale phenomena and to reduce the size of the linear  systems that arise from the discretization.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783838384573\"\u003e\u003ch3\u003eTheory And Applications In Option Pricing\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783838384573","offer_id":39498944446557,"sku":"9783838384573","price":79.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/99ae91f3-8dda-43d9-a4c0-da0872b971f6.jpg?v=1769148334","url":"https:\/\/shop.autorenwelt.de\/products\/adaptive-methods-for-variational-inequalities-von-chen-song-zhang","provider":"Autorenwelt Shop","version":"1.0","type":"link"}