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Full-Text Articles in Physical Sciences and Mathematics
The Analytic Hierarchy Process: A Mathematical Model For Decision Making Problems, Giang Huong Nguyen
The Analytic Hierarchy Process: A Mathematical Model For Decision Making Problems, Giang Huong Nguyen
Senior Independent Study Theses
The ability to make the right decision is an asset in many areas and lines of profession including social work, business, national economics, and international security. However, decision makers often have difficulty choosing the best option since they might not have a full understanding of their preferences, or lack a systematic approach to solve the decision making problems at hand. The Analytic Hierarchy Process (AHP) provides a mathematical model that helps the decision makers arrive at the most logical choice, based on their preferences. We investigate the theory of positive, reciprocal matrices, which provides the theoretical justification of the method …
Keeping Your Options Open: An Introduction To Pricing Options, Ryan F. Snyder
Keeping Your Options Open: An Introduction To Pricing Options, Ryan F. Snyder
Senior Independent Study Theses
An option is a contract which gives the holder of the option the right, but not the obligation, to buy or sell a given security at a given price, which is called the strike price. For example, suppose Yahoo stock is currently trading at $10 per share. A person could buy an option that gives him or her the ability to purchase shares of Yahoo stock for $12 in one year. If the price of Yahoo stock is greater than $12 in one year, the holder of the option will make money. However, he or she will not use the …