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We construct a three-point compact finite difference scheme on a non-uniform mesh for the time-fractional Black-Scholes equation. We show that for special graded meshes used in finance, the Tavella-Randall and the quadratic meshes the…

Computational Finance · Quantitative Finance 2016-04-19 Yuri M. Dimitrov , Lubin G. Vulkov

In this paper, we present how high-order accurate solutions to elliptic partial differential equations can be achieved in arbitrary spatial domains using radial basis function-generated finite differences (RBF-FD) on unfitted node sets…

Numerical Analysis · Mathematics 2024-07-23 Morten E. Nielsen , Bengt Fornberg

The advection-diffusion and wave equations are the fundamental equations governing any physical law and therefore arise in many areas of physics and astrophysics. For complex problems and geometries, only numerical simulations can give…

Computational Physics · Physics 2014-01-08 J. Pétri

Since the advent of mesh-free methods as a tool for the numerical analysis of systems of Partial Differential Equations (PDEs), many variants of differential operator approximation have been proposed. In this work, we propose a local…

Numerical Analysis · Mathematics 2022-03-07 Mitja Jančič , Gregor Kosec

The Lane-Emden type equations are employed in the modelling of several phenomena in the areas of mathematical physics and astrophysics . In this paper a new numerical method is applied to investigate some well-known classes of Lane-Emden…

Numerical Analysis · Mathematics 2016-05-27 Kourosh Parand , Soleiman Hashemi

Fractional order models have proven to be a very useful tool for the modeling of the mechanical behaviour of viscoelastic materials. Traditional numerical solution methods exhibit various undesired properties due to the non-locality of the…

Numerical Analysis · Mathematics 2023-01-30 Kai Diethelm

In this article, an advanced differential quadrature (DQ) approach is proposed for the high-dimensional multi-term time-space-fractional partial differential equations (TSFPDEs) on convex domains. Firstly, a family of high-order difference…

Numerical Analysis · Mathematics 2021-01-28 Xiaogang Zhu , Yufeng Nie , Jungang Wang , Zhanbin Yuan

The method of characteristics has played a very important role in mathematical physics. Preciously, it was used to solve the initial value problem for partial differential equations of first order. In this paper, we propose a fractional…

Mathematical Physics · Physics 2010-07-13 Guo-cheng Wu

The Fisher-KPP partial differential equation has been employed in science to model various biological, chemical, and thermal phenomena. Time fractional extensions of Fisher's equation have also appeared in the literature, aiming to model…

Numerical Analysis · Mathematics 2025-08-25 Theodore V. Gortsas

Inverse initial and inverse source problems of a time-fractional differential equation with Bessel operator are considered. Results on existence and uniqueness of solutions to these problems are presented. The solution method is based on…

Analysis of PDEs · Mathematics 2016-09-16 Fatma Al-Musalhi , Nasser Al-Salti , Sebti Kerbal

This paper implements an efficient numerical algorithm for the time-fractional Black-Scholes model governing European options. The proposed method comprises the Crank-Nicolson approach to discretize the time variable and exponential…

Computational Finance · Quantitative Finance 2026-02-03 Neetu Garg , A. S. V. Ravi Kanth

We present a spectral method for one-sided linear fractional integral equations on a closed interval that achieves exponentially fast convergence for a variety of equations, including ones with irrational order, multiple fractional orders,…

Numerical Analysis · Mathematics 2024-04-10 Tianyi Pu , Marco Fasondini

The accuracy of the numerical solution of a fractional differential equation depends on the differentiability class of the solution. The derivatives of the solutions of fractional differential equations often have a singularity at the…

Numerical Analysis · Mathematics 2015-03-11 Yuri Dimitrov

In this paper we present numerical methods - finite differences and finite elements - for solution of partial differential equation of fractional order in time for one-dimensional space. This equation describes anomalous diffusion which is…

Mathematical Physics · Physics 2007-05-23 Mariusz Ciesielski , Jacek Leszczynski

In this paper, we study the problem of finding the solution of a multi-dimensional time fractional reactiondiffusion equation with nonlinear source from the final value data. We prove that the present problem is not well-posed. Then…

Analysis of PDEs · Mathematics 2020-03-17 Nguyen Huy Tuan , Tran Ngoc Thach , Donal O'Regan , Nguyen Huu Can

Fractional diffusion equations replace the integer-order derivatives in space and time by their fractional-order analogues. They are used in physics to model anomalous diffusion. This paper develops strong solutions of space-time fractional…

Probability · Mathematics 2016-12-19 Zhen-Qing Chen , Mark M. Meerschaert , Erkan Nane

In this note, a numerical method based on finite differences to solve a class of nonlinear advection-diffusion fractional differential equation is proposed. The fractional operator considered here is the fractional Riemann-Liouville…

Analysis of PDEs · Mathematics 2020-10-09 Jocemar Q. Chagas , Giuliano G. La Guardia , Ervin K. Lenzi

Based on the radial basis function (RBF), non-singular general solution and dual reciprocity method (DRM), this paper presents an inherently meshless, integration-free, boundary-only RBF collocation techniques for numerical solution of…

Computational Engineering, Finance, and Science · Computer Science 2007-05-23 W. Chen , M. Tanaka

The finite difference time domain method is one of the simplest and most popular methods in computational electromagnetics. This work considers two possible ways of generalising it to a meshless setting by employing local radial basis…

Computational Physics · Physics 2026-02-27 Andrej Kolar-Požun , Gregor Kosec

Solving inverse and optimization problems over solutions of nonlinear partial differential equations (PDEs) on complex spatial domains is a long-standing challenge. Here we introduce a method that parameterizes the solution using spectral…

Numerical Analysis · Mathematics 2025-10-30 James V. Roggeveen , Michael P. Brenner