Facilitating Strategic Operations by Making Use of a Model Incorporating a Stochastic Integral

Constantinos T. Artikis, Panagiotis T. Artikis


Formulation, investigation, and practical interpretation of stochastic models are generally recognized as extremely useful research activities for a wide class of scientific disciplines. The paper makes use of a stochastic integral and a product of two positive random variables for formulating a stochastic model. A characterization and an interpretation in strategic operations arising in financial economics of the formulated stochastic model are also established by the paper.


Model; Discounting; Characteristic function

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DOI: http://dx.doi.org/10.26713%2Fcma.v10i4.1263


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