ABSTRACT Various studies have indicated that the collection phase of solid wastes, which comprises of the initial col- lection at the source of generation and the transportation to the disposal sites, is by far the most expensive. Two fundamental issues of concern in solid waste collection are the locations of initial collection and the period of collection by the dedicated vehicles. However, considering the prevailing conditions of adhoc lo- cation of waste containers and the faulty roads in...
ABSTRACT In this work, the classical Black-Scholes model for stock option valuation on the basis of some stochastic dynamics was considered. As a result, a stock option val- uation model with a non-_xed constant drift coe_cient was derived. The classical Black-Scholes model was generalised via the application of the Constant Elasticity of Variance Model (CEVM) with regard to two cases: case one was without a dividend yield parameter while case two was with a dividend yield parameter. In both ...