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The Black–Scholes Option pricing model (OPM) developed in 1973 has always been taken as the cornerstone of option pricing model. The generic applications of such a model are always restricted by its nature of not being suitable for fuzzy environment since the decision-making problems occurring in the area of option pricing are always with a feature of(More)
This paper describes a fuzzy hierarchical analytic approach to determine the weighting of subjective judgments. In addition, it presents a nonadditive fuzzy integral technique to evaluate a mutual fund case as a fuzzy multi-criteria decision-making (FMCDM) problem. When the investment strategies are evaluated from various aspects, such as market timing,(More)
Problem-based learning (PBL) is a learner-centered educational method based on the principles of heuristics and collaboration. It has been considered an effective learning method in general and in professional education, especially in medical education. This article analyzes the thinking structure and philosophical background of PBL through the educational(More)
This article uses the theory of body phenomenology and Watson's caring theory to develop and apply body ethics to the clinical healthcare profession. This attempt is meant to facilitate deep, humanistic experiences for healthcare personnel. The analysis of body phenomenology reveals that the soul is banished from her familiar and comfortable "at-home"(More)
The investment of mutual funds which investors are often required evaluating the investment strategies according to their own subjective preferences in terms of numerical values from various criteria. This situation can be regarded as a fuzzy multiple criteria decision-making (MCDM) problem. The purpose of this study attempts to propose an alternative(More)
This article will discuss the ethics of French philosopher, Emmanuel Levinas, of which the Other is the main topic. In the first section, we will describe how death is a matter of ethics, because it is caused by a faceless murderer. But in precisely the helplessness of the dead, we touch the most affecting face of the Other. In the second section, we will(More)
As an important economic index, interest rates are assumed to be constant in the Black and Scholes model (1973); however, they actually fluctuate due to economic factors. Using a constant interest rate to evaluate derivatives in a stochastic model will produce biased results. This research derives the LIBOR market model with jump risks, assuming that(More)
which permits unrestricted non-commercial use, distribution, and reproduction in any medium, provided the original work is properly cited. Medicine is an imperfect science and practitioners rely on the best evidence available. Even when diagnosis and treatment are guided by standard procedures and protocols, uncertainty is to be expected from time to time.(More)
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