1 CHAPTER

Financial Applications Especially With Regard to Options

    1

Domingos Djinja

Valuation of American Put Options with exercise restrictions

3

Karl Lundengard, Carolyne Ogutu, Jonas Osterberg, Ying Ni, Sergei

Silvestrov, and Patrick Weke

Moment-matching multinomial lattices using Vandermonde matrices for option pricing

19

Mir Hashem Moosavi Avonleghi and Matt Davison

Mathematical Properties and Financial Applications of a Novel Mean-reverting Random Walk in Discrete and Continuous Time

31

2 CHAPTER

On Progress Through University

47

Franca Crippa, Marcella Mazzoleni and Mariangela Zenga

Analysing the gap between formal and real path of students career progression at university

49

Marcella Mazzoleni, Adele H. Marshall, and Mariangela Zenga

The Timing of Student Graduation: a Joint Model Approach

61

Rivka Weiser-Biton, Miri Shacham, David Pundak

Active Learning vs. Traditional Learning in the View of Lecturers and Students

75

3 CHAPTER

On the Reliability of Voting Districts, Recognition Algorithms and Parameter Estimation

91

James Bozeman, Kelly Butler, Erin Milne, Timothy Nicholson, Matthew Pilling, and Melissa Rosato

Use Convexity, not `Compactness', when Measuring the Shape of Legislative Districts

93

Samuel Kosolapov

Monte-Carlo Reliability Evaluation of Multiple Choice Forms Recognition Algorithms

111

A. Karagrigoriou, A. Makrides, T. Tsapanos, and G. Vougiouka

Parameter Estimation on Multi-State Systems with Applications to Geosciences

127

4 CHAPTER

Distributions

139

Thomas L. Toulias, and Christos P. Kitsos

Entropy and Information Extensions through the Generalized Normal Distribution

141

Yury S. Khokhlov, Ekaterina N. Smirnova , and Maxim A. Filippov

Multivariate Birnbaum-Saunders Distribution and its Applications

157

Kanako Nakajima and Takayuki Shiohama

Expected Shortfall Estimation via Importance Sampling GARCH Predictive Distribution

165

Chernavskaya Ekaterina

Limit theorems for M(t)/G=/8 queuing system with a heavy tailed distribution of service times

177

Nikolai Kolev and Jayme Pinto

A New Notion of Bivariate Lack of Memory Property

187

5 CHAPTER

Markov

195

Yunhui Hou, Nikolaos Limnios, and Walter Schon

On the existence and uniqueness of solution of MRE and applications

197

Jesus E. Garcia and V.A. Gonzalez-Lopez

Optimal Partition of Markov Models and Automatic Classification of Languages

207

Jesus E. Garcia and V.A. Gonzalez-Lopez

Markov Partition Models for Epstein Barr Virus

217

6 CHAPTER

Semi-Markov

227

Zacharias Kyritsis and Aleka Papadopoulou

Applications in the healthcare domain via semi Markov reward modelling

229

Mikael Petersson

Exponential Expansions for Perturbed Discrete Time Semi-Markov Processes

245

7 CHAPTER

Stochastic – Option Theory

259

Gaida Pettere, Darja Stepchenko, and Irina Voronova

Application of the Stochastic Models in Operational Risk Modelling

261

Arturo Erdely and Martin Diaz-Viera

A vine and gluing copula model for permeability stochastic simulation

273

Mark Anthony Caruana

Estimation of Lévy Processes through Stochastic Programming and Kalman Filtering

283

Sahar Tahvili, Jonas Osterberg, and Sergei Silvestrov

Strategic maintenance planning by fuzzy AHP and Markov Decision Processes

297

Betuel Canhanga, Anatoliy Malyarenko, Ying Ni, and Sergei Silvestrov

Second Order Asymptotic Expansion for Pricing European Options in a Model with Two Stochastic Volatilities

311

Betuel Canhanga, Anatoliy Malyarenko, Jean-Paul Murara, Ying Ni, and Sergei Silvestrov

Numerical Studies on Asymptotics of European Option under Multiscale Stochastic Volatility

325

8 CHAPTER

Probabilistic-Bayesian-Algorithms

339

Robert G Aykroyd and Nada Alfaer

A Bayesian approach to level-set based image segmentation with a prior sensitivity analysis

341

N.N.Novitsky, O.V.Vanteyeva

Probabilistic Modeling of Temperature Conditions in the Pipeline Networks

357

Christopher Engström and Sergei Silvestrov

A componentwise PageRank algorithm

375

Nadiia Zinchenko

Random Sums of Dependent Random Variables: Strong Limit Theorems and Applications

389

Alexander Grusho, Nick Grusho, and Elena Timonina

Quality of Tests Defined by Bans

399

Krzysztof Kolowrocki, and Joanna Soszynska-Budny

Complex System Operation Process Realizations Uniformity Testing

407

9 CHAPTER

Data Analysis

421

Tonu Kollo, Dietrich von Rosen, and Marju Valge

Hypotheses Testing on Covariance Structures: Comparison of Likelihood Ratio Test, Rao's Score Test and Wald's Score Test

423

Jan Ámos Víšek

S-weighted estimators

437

Akiko Kitao, Takayuki Shiohama, and Hiroyuki Sato

Financial News Classification Based on Topographic Independent Component Analysis: Optimization on the Stiefel Manifold

449

Dvora Toledano-Kitai, Renata Avros, and Zeev Volkovich

A Model Selection Method for Heavy-tailed Clustering

463

Henri Wallard

Using Explained Variance Allocation to analyse Importance of Predictors

473

Karl Lundengard, Milica Rančić, Vesna Javor, and Sergei Silvestrov

Estimation of Parameters for the Multi-peaked AEF Current Functions

485

Farid Monsefi, Simon Elgland, Magnus Otterskog, Milica Rančić, Linus Carlsson, and Sergei Silvestrov

GPU Implementation of a Biological Electromagnetic Scattering Problem by FDTD

499

Jaroslav Sixta, Jakub Fischer, and Kristyna Vltavska

Information Hidden in Regional Input-Output Tables

515

Taha Najar, Imen Belhadj Slimen and Daniel Sauvant

Effects of nitrogen source and level on digestibility and rumen fermentations. A meta-analytic approach

523

10 CHAPTER

Health-Mortality-Demography

539

Sally McClean and Lalit Garg

A Multi-phase Hierarchical Modelling Framework for Discrete Event Simulation

541

Andrew S. Gordon, Adele H. Marshall, and Karen J. Cairns

Modelling patient readmission to hospital using a conditional Markov approach

551

Valeria D’Amato, Luisa De Martino

Fair value of a Longevity Swap with Debt Value Adjustment

565

Clive Richardson and Argyro Antaraki

Methods for estimating the number of older high-risk drug users

581

Anastasia Charalampi, Catherine Michalopoulou and Clive Richardson

Investigating the structure of Schwartz’s Human Values Scale

589

G. Stamatopoulou, M. Symeonaki, and C. Michalopoulou

Occupational and educational gender segregation in Southern Europe

611

11 CHAPTER

Models and Modeling

Jean-Daniel Guigou, Bruno Lovat, and Jang Schiltz

On some issues in trajectory modeling with finite mixture models

623

Sonia Migliorati and Andrea Ongaro

Inferential issues in the Extended Flexible Dirichlet model

637

Christos H. Skiadas and Charilaos Skiadas

The Health Status of a Population: Health State and Survival Curves and Hale Estimates

651

Farid Monsefi, Radoslav Jankoski, Milica Rančić, and Sergei Silvestrov

Evaluating Parameters of Approximate Functions for Representation of Sommerfeld Integrals

665

Natalya Pya and Arman Kussainov

On ordered categorical modelling for complex skill development       

677

Yangxin Huang and Dongyuan Xing

Bayesian approach to linear mixed-effects models with application to skewed-longitudinal alcohol data

687

Author Index

705