Modelling and computation of optimal decision for farmers leasing lands

DOI10.1080/00207160.2015.1080358MaRDI QIDQ2804508zbMATH OpenOpenAlexFDO

Authors Shuhua Chang, Wenguang Tang

Publication date 29 April 2016

Published in International Journal of Computer Mathematics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1080/00207160.2015.1080358

zbMATH Keywords

finite difference methodconvenience yieldreal optionpower penalty approachpartial differential complementarity problem

Mathematics Subject Classification ID

PDEs in connection with game theory, economics, social and behavioral sciences (35Q91) Numerical methods for variational inequalities and related problems (65K15) Financial applications of other theories (91G80) PDEs in connection with statistics (35Q62)

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Cites work

• A fitted finite volume method for the valuation of options on assets with stochastic volatilities
• A novel fitted finite volume method for the Black-Scholes equation governing option pricing
• An algorithmic introduction to numerical simulation of stochastic differential equations
• Insights on the Effect of Land Use Choice: The Perpetual Option on the Best of Two Underlying Assets
• Power penalty method for a linear complementarity problem arising from American option valuation
• Quadratic convergence for valuing American options using a penalty method
• The Risk Structure of Land Markets

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(6)

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• Option approach to search for threshold rice price toward sustainable paddy field management
• Land valuation using a real option approach
• scientific article; zbMATH DE number 2159163 (Why is no real title available?)

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