Derivatives are financial instruments whose value is derived from one or more underlying assets or securities (e.g., a stock, bond, currency, or index).

These functional optimization problems are applied for non-smooth functions which by solving these problems we obtain a kind of generalized first derivatives. For this purpose, a linear programming ...

A weather derivative is a financial instrument used by companies or individuals to hedge against the risk of weather-related losses. They trade over-the-counter (OTC), through brokers, and via an ...