A mathematical model for forecasting the transmission of the COVID-19 outbreak is proposed to investigate the effects of quarantined and hospitalized individuals. We analyze the proposed model by considering the existence and the positivity of the solution. Then, the basic reproduction number (R0)—the expected number of secondary cases produced by a single infection in a completely susceptible population—is computed by using the next-generation matrix to carry out the stability of disease-free equilibrium and endemic equilibrium. The results show that the disease-free equilibrium is locally asymptotically stable if R0<1, and the endemic equilibrium is locally asymptotically stable if R0>1. Numerical simulations of the proposed model are illustrated. The sensitivity of the model parameters is considered in order to control the spread by intervention strategies. Numerical results confirm that the model is suitable for the outbreak that occurred in Thailand.

The purpose of this paper was to investigate the dynamics of the option pricing in the market through the two-dimensional time fractional-order Black-Scholes equation for a European put option. The Liouville-Caputo derivative was used to improve the ordinary Black-Scholes equation. The analytic solution is a powerful tool for describing the behavior of the option price in the European style market. In this study, analytic solution is carried out by the Laplace homotopy perturbation method. Moreover, the obtained solution showed that the Laplace homotopy perturbation method was an efficient method for finding an analytic solution of two-dimensional fractional-order differential equation.

Abstract:The asset flow differential equation (AFDE) is the mathematical model that plays an essential role for planning to predict the financial behavior in the market. In this paper, we introduce the fractional asset flow differential equations (FAFDEs) based on the Liouville-Caputo derivative. We prove the existence and uniqueness of a solution for the FAFDEs. Furthermore, the stability analysis of the model is investigated and the numerical simulation is accordingly performed to support the proposed model.

In this paper, the Laplace homotopy perturbation method (LHPM) is applied to obtain the approximate solution of Black–Scholes partial differential equations for a European put option with two assets. Different from all other approximation methods, LHPM provides a simple way to get the explicit solution which is represented in the form of a Mellin–Ross function. The numerical examples represent that the solution from the proposed method is easy and effective.

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