In the present paper, we employ a wavelets optimization method is employed for the elucidations of fractional partial differential equations of pricing European option accompanied by a Lévy model. We apply the Legendre wavelets optimization method (LWOM) to optimize the governing problem. The novelty of the proposed method is the inclusion of differential evolution algorithm (DE) in the Legendre wavelets method for the optimized approximations of the unknown terms of the Legendre wavelets. Sequentially, the functions and components of the pricing models are discretized by utilizing the operational matrix of fractional integration of Legendre wavelets. Illustratively, the implementation of the LWOM is exemplified on a pricing European option Lévy model and successfully depicted the stock paths. Moreover, comparison analysis of the Black-Scholes model with a class of Lévy model and LWOM with q-homotopy analysis transform method (q-HATM) is also deliberated out. Accordingly, the technique is found to be appropriate for financial models that can be expressed as partial differential equations of integer and fractional orders, subjected to initial or boundary conditions.
In present time, the whole world is in the phase of war against the deadly pandemic COVID'19 and working on different interventions in this regard. Variety of strategies are taken into account from ground level to the state to reduce the transmission rate. For this purpose, the epidemiologists are also augmenting their contribution in structuring such models that could depict a scheme to diminish the basic reproduction number. These tactics also include the awareness campaigns initiated by the stakeholders through digital, print media and etc. Analyzing the cost and profit effectiveness of these tactics, we design an optimal control dynamical model to study the proficiency of each strategy in reducing the virulence of COVID'19. The aim is to illustrate the memory effect on the dynamics of COVID'19 with and without prevention measures through fractional calculus. Therefore, the structure of the model is in line with generalized proportional fractional derivative to assess the effects at each chronological change. Awareness about using medical mask, social distancing, frequent use of sanitizer or cleaning hand and supportive care during treatment are the strategies followed worldwide in this fight. Taking these into consideration, the optimal objective function proposed for the surveillance mitigation of COVID'19, is contemplated as the cost function. The effect analysis is supported through graphs and tabulated values. In addition, sensitivity inspection of basic reproduction number is also carried out with respect to different values of fractional index and cost function. Ultimately, social distancing and supportive care of infected are found to be significant in decreasing the basic reproduction number more rapidly.
In this paper, a process is devised systematically to scrutinize the scrolling chaotic behaviour of fractional-order Chua's system. The process is composed of fractional Laplace transformation, artificial neural network with Mexican hat wavelet as an activation function and simulated annealing. Sequentially, the parametric expansion of fractional Laplace transform is employed to convert the governing fractional system into an ordinary differential system. Next, artificial neural network and simulated annealing approximate and optimize the attained system and produce accurate solutions. The predictability and elaboration of double scrolling chaotic structures of fractional-order Chua's system are also studied using the Lyapunov exponent and fifth-fourth Runge-Kutta method. Moreover, the mean absolute error and root mean square error are measured for the convergence analysis of the proposed scheme. On the whole, the accurate approximate solutions, the phase plots of Lyapunov exponent spectrum and bifurcation maps of the dynamical evolution of fractional Chua's system are a triumph of this endeavour.
In this paper, Sumudu transform is advanced and designed for the solution of linear di erential models with uncertainty. For this purpose, Sumudu transform is coupled with fuzzy theory and all its fundamental properties are formalized in fuzzy sense. At last, to demonstrate the accuracy of this approach, fuzzy Sumudu transform is employed to some examples of fuzzy linear di erential equations considered under generalized Hdi erentiability and analytical solutions are obtained eciently.
In this paper, numerical simulation of linear and nonlinear fuzzy initial value problems of fractional order has been done. A modi cation in the improved Euler's method for fuzzy fractional order is proposed and utilized. Also, the two component homotopy perturbation method also known as a modi ed homotopy perturbation method (MHPM) is employed to solve the considered problems. The results obtained from the considered techniques are compared. These methods are illustrated by solving several examples. E ciency and exactness of results worked out from MHPM is examined from the tables and comparatively it is found that MHPM is more accurate and closer to the exact solutions than the existing methods.
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