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Asp -Pricing: A Black -Scholes Option Pricing Formulation, Chaitanya Singh
Asp -Pricing: A Black -Scholes Option Pricing Formulation, Chaitanya Singh
Doctoral Dissertations
The Applications Service Provider (ASP) arrangement has engendered a revolution in the area of corporate information technology (IT) by transforming software from a packaged off-the-shelf product to an on-line virtual service.
The focus of this study is to establish a sound mathematical foundation for evaluating software rental agreements (embedding exit flexibility) by incorporating a real options framework (based upon the Black-Scholes approach) into the traditional capital budgeting technique. The static discounted cash flow or net present value analysis may not adequately serve as a ‘barometer’ of outsourcing value due to its inherent weaknesses. On the other hand, the options approach …
Fuzzy Product -Limit Estimators: Soft Computing In The Presence Of Very Small And Highly Censored Data Sets, Kian Lawrence Pokorny
Fuzzy Product -Limit Estimators: Soft Computing In The Presence Of Very Small And Highly Censored Data Sets, Kian Lawrence Pokorny
Doctoral Dissertations
When very few data are available and a high proportion of the data is censored, accurate estimates of reliability are problematic. Standard statistical methods require a more complete data set, and with any fewer data, expert knowledge or heuristic methods are required. In the current research a computational system is developed that obtains a survival curve, point estimate, and confidence interval about the point estimate.
The system uses numerical methods to define fuzzy membership functions about each data point that quantify uncertainty due to censoring. The “fuzzy” data are then used to estimate a survival curve, and the mean survival …