Abstract/Overview We study a nonlinear Black-Scholes partial differential equation whose nonlinearity is as a result of a feedback effect. This is an illiquid market effect arising from transaction costs. An analytic solution to the nonlinear Black-Scholes equation via a solitary wave solution is currently unknown. After transforming the equation into a parabolic nonlinear porous medium equation, we find that the assumption of a traveling wave profile to the later equation reduces it to o...

Abstract/Overview Let J be the Jacobson radical of a commutative completely primary finite ring R such that J k 6= (0) and J k+1 = (0). Then R/J ∼= GF(p r ), the finite field of p r elements, and the characteristic of R is p k where k ≥ 2 and p is some prime integer. In this paper, we determine the structures of the quotient groups 1 + J i/1 + J i+1 for every characteristic of R and 1 ≤ i ≤ k − 1.

Abstract/Overview Malaria and persistent childhood diseases are a major threat to child survival in the developing world. In this paper, we develop and analyse a mathematical model for paediatric malaria and pneumonia co-infection. We establish the existence of equilibria points in terms of the basic reproduction numbers Rm and Rp. The analysis shows that the diseasefree equilibrium of the model is globally asymptotically stable whenever the co-infection reproduction number Rmp is less th...

Abstract/Overview A study has been done using generalized coordinates system with the application of the Lagrangian formalism for n mass units linearly connected to move in space. Lagrangian equations have been developed and used throughout the research to determine the equations of motion for multi-pendula system for several as well as many mass units involved. These equations were solved using various mathematical techniques to determine the zenith angular accelerations for each system....

Abstract/Overview The transport of solutes through porous media where chemicals undergo adsorption or change process on the surface of the porous materials has been a subject of research over the years. Use of pesticides has resulted in production of diverse quantity and quality for the market. Disposal of excess material has also become an acute problem. The concept of adsorption is essential in determining the movement pattern of pesticides in soil in order to assess the effect of migra...

Abstract/Overview We seek to construct a zero coupon yield curve (ZCYC) for Nairobi Securities Exchange (NSE). The objective of this paper is to construct a ZCYC that is differentiable at all points and at the same time, produces continuous and positive forward curve. We will use the classical Nelson-Siegel model, Svensson Model, Rezende-Ferreira model and Svensson extended model. These models have linear and nonlinear guidelines making them have multiple local minima. This condition caus...

Abstract/Overview This study presents a Mathematical Model Insulin Therapy in Patients with Diabetes Mellitus which includes external rate at which blood glucose, insulin and epinephrine are being increased in the form, Y =AY+r (t) and whose solution was analyzed to provide the systems natural frequency, 0 , which is the basic descriptor of saturation level of the drug. It was established that the resonance period for the final model, that is, T 0 =3.76912 hrs, is in the accepta...

Abstract/Overview A bounded operator with the spectrum lying in a compact set V ⊂ R, has C∞ (V) functional calculus. On the other hand, an operator H acting on a Hilbert space H, admits a C(R) functional calculus if H is self-adjoint. So in a Banach space setting, we really desire a large enough intermediate topological algebra A, with C∞ 0 (R) ⊂ A ⊆ C(R) such that spectral operators or some sort of their restrictions, admit a A functional calculus. In this paper we construct su...

Abstract/Overview Let X be a Banach space and T: X→Y be a linear operator, then Tis compact if it maps bounded sequences in X to sequences in Y with convergent subsequences, that is, if xn ∈ X is a bounded sequence, then T xn ∈ Y has a convergent subsequence say, T xnk in Y. The eigenvalue of an operator T, is a scalar λ if there is a nontrivial solution x such that T x=λ x. Such an x is called an eigenvector corresponding to the eigenvalue λ. A vector space is complete if every ...

Abstract/Overview Several investigations have been done on positive maps on their algebraic structures with more emphasis on completely positive maps. In this study we have described the structure of the Choi matrices for 2−positive maps on positive semidefinite matrices and the conditions for complete positivity of positive linear maps fromMntoMn+1. The motivation behind these objectives is work done by Majewski and Marciniak on the structure of positive mapsφfromMntoMn+1(2≥2) betwe...

Abstract/Overview Real world systems have been created using differential equations, this has made it possible to predict future trends and behaviour. Specifically, stochastic differential equations have been fundamental in describing and understanding random phenomena. So far the Black-Scholes-Merton partial differential equation used in deriving the famous Black-Scholes-Merton model has been one of the greatest breakthroughs in finance as far as prediction of asset prices in the stock m...

Abstract/Overview This study investigated metacognitive monitoring as a predictor of mathematics achievement among students in public secondary schools in Kisii Central Sub County, Kenya. The study was guided by the Social Development Theory (1978) by Lev Vygotsky and the Theory of Education Productivity by Walberg (1981). The study employed the Solomon Four pretest-posttest two group design with posttest only control design. The study population included 1665 form 3 students and 41 form ...

Abstract/Overview The matrix models have been applied to evaluate the impacts and management of tree species. Modeling of invasive species using stage based matrix methods has not been exploited to understand the population structure of the invasive species. The study simulated using stage-structured Lefkovitch models to assess the population structure and impacts of invasive population growth within Mount Elgon Ecosystem. The survey data were used to calculate the transition probabilitie...

Abstract/Overview Nonlinear Black-Scholes equations provide more accurate values by taking into account more realistic assumptions, such as transaction costs, illiquid markets, risks from an unprotected portfolio or large investor's preferences, which may have an impact on the stock price, the volatility, the drift and the option price itself. Most modern models are represented by nonlinear variations of the well-known Black-Scholes Equation. On the other hand, asset security prices may n...

Abstract/Overview The purpose of this study was to investigate selected goal-setting as a predictor of mathematics performance among students in public secondary schools in Kisii Central Sub-County, Kenya. The study was guided by the Social Development Theory (1978) by Levi Vygotsky and the Theory of Education Productivity by Walberg (1981). The study employed the Solomon Four pretest-posttest two group design with post-test only control design. The study population included 1665 form 3 s...