This paper examines the issue of derivative pricing within the framework of a fractional stochastic volatility model. We present a deterministic partial differential equation system to derive an approximate expression for the derivative price. The proposed approach allows for the stochastic volatility to be expressed as a composition of deterministic functions of time and a fractional Ornstein–Uhlenbeck process. We apply this method to the European option pricing under the fractional Stein–Stein volatility model, demonstrating its feasibility and reliability through numerical simulations. Our numerical simulations also illustrate the impact of the parameters in the fractional stochastic volatility model on the option price.

Let H be the Hermite operator $-\Delta +|x|^2$ on $\mathbb {R}^n$. We prove a weighted $L^2$ estimate of the maximal commutator operator $\sup _{R>0}|[b, S_R^\lambda (H)](f)|$, where $ [b, S_R^\lambda (H)](f) = bS_R^\lambda (H) f - S_R^\lambda (H)(bf) $ is the commutator of a BMO function b and the Bochner–Riesz means $S_R^\lambda (H)$ for the Hermite operator H. As an application, we obtain the almost everywhere convergence of $[b, S_R^\lambda (H)](f)$ for large $\lambda $ and $f\in L^p(\mathbb {R}^n)$.

A nonlinear evolution equation correct to fourth order is developed for gravity-capillary waves on linear shear currents in finite water depth. Therefore, this equation covers both effects of depth uniform currents and uniform vorticity. Starting from this equation, an instability analysis is then made for narrow banded uniform Stokes waves. The notable feature is that our investigation due to fourth order shows a remarkable improvement compared with the third-order one, and produces an excellent result compatible with the exact result of Longuet-Higgins. We observe that linear shear currents considerably change the modulational instability properties of capillary-gravity waves, such as the growth rate and bandwidth of instability.

We present a unified approach to the processes of inversion and duality for quasilinear and $1$-quasilinear maps; in particular, for centralizers and differentials generated by interpolation methods.

The algebraic mapping torus $M_{\Phi }$ of a group $G$ with an automorphism $\Phi$ is the HNN-extension of $G$ in which conjugation by the stable letter performs $\Phi$. We classify the Dehn functions of $M_{\Phi }$ in terms of $\Phi$ for a number of right-angled Artin groups (RAAGs) $G$, including all $3$-generator RAAGs and $F_k \times F_l$ for all $k,l \geq 2$.

Given a group $G$ and an integer $n\geq 0$, we consider the family ${\mathcal F}_n$ of all virtually abelian subgroups of $G$ of $\textrm{rank}$ at most $n$. In this article, we prove that for each $n\ge 2$ the Bredon cohomology, with respect to the family ${\mathcal F}_n$, of a free abelian group with $\textrm{rank}$ $k \gt n$ is nontrivial in dimension $k+n$; this answers a question of Corob Cook et al. (Homology Homotopy Appl. 19(2) (2017), 83–87, Question 2.7). As an application, we compute the minimal dimension of a classifying space for the family ${\mathcal F}_n$ for braid groups, right-angled Artin groups, and graphs of groups whose vertex groups are infinite finitely generated virtually abelian groups, for all $n\ge 2$. The main tools that we use are the Mayer–Vietoris sequence for Bredon cohomology, Bass–Serre theory, and the Lück–Weiermann construction.

We investigate the existence and branching patterns of wave trains in the mass-in-mass (MiM) lattice, which is a variant of the Fermi–Pasta–Ulam (FPU) lattice. In contrast to FPU lattice, we have to solve coupled advance-delay differential equations, which are reduced to a finite-dimensional bifurcation equation with an inherited Hamiltonian structure by applying a Lyapunov–Schmidt reduction and invariant theory. We establish a link between the MiM lattice and the monatomic FPU lattice. That is, the monochromatic and bichromatic wave trains persist near $\mu =0$ in the nonresonance case and in the resonance case $p:q$ where $q$ is not an integer multiple of $p$. Furthermore, we obtain the multiplicity of bichromatic wave trains in $p:q$ resonance where $q$ is an integer multiple of $p$, based on the singular theorem.

Based on biochemical kinetics, a stochastic model to characterize wastewater treatment plants and dynamics of river water quality under the influence of random fluctuations is proposed in this paper. This model describes the interaction between dissolved oxygen (DO) and biochemical oxygen demand (BOD), and is in the form of stochastic differential equations driven by multiplicative Gaussian noises. The stochastic persistence problem for the model of the system is analysed. Further, a numerical simulation of the stationary probability distributions of BOD and OD by approximations of the stochastic process solution is presented. These results have implications for the prediction and control of pollutants.

We generalize the one-dimensional population model of Anguige & Schmeiser [1] reflecting the cell-to-cell adhesion and volume filling and classify the resulting equation into the six types. Among these types, we fix one that yields a class of advection-diffusion equations of forward-backward-forward type and prove the existence of infinitely many global-in-time weak solutions to the initial-Dirichlet boundary value problem when the maximum value of an initial population density exceeds a certain threshold. Such solutions are extracted from the method of convex integration by Müller & Šverák [12]; they exhibit fine-scale density mixtures over a finite time interval, then become smooth and identical, and decay exponentially and uniformly to zero as time approaches infinity. TE check: Please check the reference citation in abstract.

We prove a joint partial equidistribution result for common perpendiculars with given density on equidistributing equidistant hypersurfaces, towards a measure supported on truncated stable leaves. We recover a result of Marklof on the joint partial equidistribution of Farey fractions at a given density, and give several analogous arithmetic applications, including in Bruhat–Tits trees.

In this paper, we look for minimizers of the energy functional for isotropic compressible elasticity taking into consideration the effect of a gravitational field induced by the body itself. We consider two types of problems: the displacement problem in which the outer boundary of the body is subjected to a Dirichlet-type boundary condition, and the one with zero traction on the boundary but with an internal pressure function. For a spherically symmetric body occupying the unit ball $\mathcal {B}\in \mathbb {R}^3$, the minimization is done within the class of radially symmetric deformations. We give conditions for the existence of such minimizers, for satisfaction of the Euler–Lagrange equations, and show that for large displacements or large internal pressures, the minimizer must develop a cavity at the centre. We discuss a numerical scheme for approximating the minimizers for the displacement problem, together with some simulations that show the dependence of the cavity radius and minimum energy on the displacement and mass density of the body.

We present necessary and sufficient conditions for an operator of the type sum of squares to be globally hypoelliptic on $T \times G$, where T is a compact Riemannian manifold and G is a compact Lie group. These conditions involve the global hypoellipticity of a system of vector fields on G and are weaker than Hörmander’s condition, while generalizing the well known Diophantine conditions on the torus. Examples of operators satisfying these conditions in the general setting are provided.

We study sufficient conditions under which a nowhere scattered $\mathrm {C}^*$-algebra $A$ has a nowhere scattered multiplier algebra $\mathcal {M}(A)$, that is, we study when $\mathcal {M}(A)$ has no nonzero, elementary ideal-quotients. In particular, we prove that a $\sigma$-unital $\mathrm {C}^*$-algebra $A$ of

1. (i) finite nuclear dimension, or

2. (ii) real rank zero, or

3. (iii) stable rank one with $k$-comparison,

$\mathcal {M}(A)$

We consider Calderón's problem for the connection Laplacian on a real-analytic vector bundle over a manifold with boundary. We prove a uniqueness result for this problem when all geometric data are real-analytic, recovering the topology and geometry of a vector bundle up to a gauge transformation and an isometry of the base manifold.

Valuation rings and perfectoid rings are examples of (usually non-Noetherian) rings that behave in some sense like regular rings. We give and study an extension of the concept of regular local rings to non-Noetherian rings so that it includes valuation and perfectoid rings and it is related to Grothendieck’s definition of formal smoothness as in the Noetherian case. For that, we have to take into account the topologies. We prove a descent theorem for regularity along flat homomorphisms (in fact for homomorphisms of finite flat dimension), extending some known results from the Noetherian to the non-Noetherian case, as well as generalizing some recent results in the non-Noetherian case, such as the descent of regularity from perfectoid rings by B. Bhatt, S. Iyengar and L. Ma.

Many reaction networks arising in applications are multistationary, that is, they have the capacity for more than one steady state, while some networks exhibit absolute concentration robustness (ACR), which means that some species concentration is the same at all steady states. Both multistationarity and ACR are significant in biological settings, but only recently has attention focused on the possibility for these properties to coexist. Our main result states that such coexistence in at-most-bimolecular networks (which encompass most networks arising in biology) requires at least three species, five complexes and three reactions. We prove additional bounds on the number of reactions for general networks based on the number of linear conservation laws. Finally, we prove that, outside of a few exceptional cases, ACR is equivalent to non-multistationarity for bimolecular networks that are small (more precisely, one-dimensional or up to two species). Our proofs involve analyses of systems of sparse polynomials, and we also use classical results from chemical reaction network theory.

We consider the equivariant Kasparov category associated to an étale groupoid, and by leveraging its triangulated structure we study its localization at the ‘weakly contractible’ objects, extending previous work by R. Meyer and R. Nest. We prove the subcategory of weakly contractible objects is complementary to the localizing subcategory of projective objects, which are defined in terms of ‘compactly induced’ algebras with respect to certain proper subgroupoids related to isotropy. The resulting ‘strong’ Baum–Connes conjecture implies the classical one, and its formulation clarifies several permanence properties and other functorial statements. We present multiple applications, including consequences for the Universal Coefficient Theorem, a generalized ‘going-down’ principle, injectivity results for groupoids that are amenable at infinity, the Baum–Connes conjecture for group bundles, and a result about the invariance of K-groups of twisted groupoid $C^*$-algebras under homotopy of twists.