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Findings from B.W. Zhang and Co-Researchers in the Area of Concurrent Engineering Described

May 28, 2014



By a News Reporter-Staff News Editor at Journal of Engineering -- Current study results on Concurrent Engineering have been published. According to news reporting out of Amsterdam, Netherlands, by VerticalNews editors, research stated, "The acceleration of an option pricing technique based on Fourier cosine expansions on the graphics processing unit (GPU) is reported. European options, in particular with multiple strikes, and Bermudan options will be discussed."

Our news journalists obtained a quote from the research, "The influence of the number of terms in the Fourier cosine series expansion, the number of strikes, as well as the number of exercise dates for Bermudan options is explored. We also give details about the different ways of implementing on a GPU. Numerical examples include asset price processes on the basis of a Levy process of infinite activity and the stochastic volatility Heston model."

According to the news editors, the research concluded: "Furthermore, we discuss the issue of precision on the present GPU systems."

For more information on this research see: Acceleration of option pricing technique on graphics processing units. Concurrency and Computation-Practice & Experience, 2014;26(9):1626-1639. Concurrency and Computation-Practice & Experience can be contacted at: Wiley-Blackwell, 111 River St, Hoboken 07030-5774, NJ, USA.

Our news journalists report that additional information may be obtained by contacting B.W. Zhang, Center Wiskunde & Informat, Amsterdam, Netherlands.

Keywords for this news article include: Europe, Amsterdam, Netherlands, Concurrent Engineering

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2014, NewsRx LLC


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Source: Journal of Engineering


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