ZENITH International Journal of Multidisciplinary Research
  • Year: 2014
  • Volume: 4
  • Issue: 3

Elzaki decomposition method for the solution of black-scholes partial differential equation

  • Author:
  • R K Pavan Kumar Pannala, Mukesh Kumar Singhal, Vipin Kumar
  • Total Page Count: 6
  • Page Number: 199 to 204

Department of Mathematics, University of Petroleum & Energy Studies, Dehradun, India

Online published on 11 April, 2014.

Abstract

In this paper, a numerical Elzaki transform algorithm which is based on the decomposition method is introduced for the approximate solution of a class of nonlinear partial differential equation. The technique is described and illustrated with Black-Scholes partial differential equation. The present technique has closed agreement with approximate solution obtained with the help of Adomian Decomposition Method (ADM).

Keywords

Black-Scholes equation, Decomposition method, Elzaki transform, Stock prices