{"id":"https://openalex.org/W2011289995","doi":"https://doi.org/10.1155/2013/128025","title":"A Simple Numerical Method for Pricing an American Put Option","display_name":"A Simple Numerical Method for Pricing an American Put Option","publication_year":2013,"publication_date":"2013-01-01","ids":{"openalex":"https://openalex.org/W2011289995","doi":"https://doi.org/10.1155/2013/128025","mag":"2011289995"},"language":"en","primary_location":{"id":"doi:10.1155/2013/128025","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2013/128025","pdf_url":"https://downloads.hindawi.com/journals/jam/2013/128025.pdf","source":{"id":"https://openalex.org/S190082376","display_name":"Journal of Applied Mathematics","issn_l":"1110-757X","issn":["1110-757X","1687-0042"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869"],"host_organization_lineage_names":["Hindawi Publishing Corporation"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Applied Mathematics","raw_type":"journal-article"},"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://downloads.hindawi.com/journals/jam/2013/128025.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5101934643","display_name":"Beom Jin Kim","orcid":"https://orcid.org/0000-0002-8202-7973"},"institutions":[{"id":"https://openalex.org/I193775966","display_name":"Yonsei University","ror":"https://ror.org/01wjejq96","country_code":"KR","type":"education","lineage":["https://openalex.org/I193775966"]}],"countries":["KR"],"is_corresponding":false,"raw_author_name":"Beom Jin Kim","raw_affiliation_strings":["Department of Mathematics, Yonsei University, Seoul 120-749, Republic of Korea"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Mathematics, Yonsei University, Seoul 120-749, Republic of Korea","institution_ids":["https://openalex.org/I193775966"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5109226981","display_name":"Yong-Ki Ma","orcid":null},"institutions":[{"id":"https://openalex.org/I206597221","display_name":"Kongju National University","ror":"https://ror.org/0373nm262","country_code":"KR","type":"education","lineage":["https://openalex.org/I206597221"]}],"countries":["KR"],"is_corresponding":true,"raw_author_name":"Yong-Ki Ma","raw_affiliation_strings":["Department of Applied Mathematics, Kongju National University, Chungcheongnam-Do, Gongju 314-701, Republic of Korea"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Applied Mathematics, Kongju National University, Chungcheongnam-Do, Gongju 314-701, Republic of Korea","institution_ids":["https://openalex.org/I206597221"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5110564194","display_name":"Hi Jun Choe","orcid":null},"institutions":[{"id":"https://openalex.org/I193775966","display_name":"Yonsei University","ror":"https://ror.org/01wjejq96","country_code":"KR","type":"education","lineage":["https://openalex.org/I193775966"]}],"countries":["KR"],"is_corresponding":false,"raw_author_name":"Hi Jun Choe","raw_affiliation_strings":["Department of Mathematics, Yonsei University, Seoul 120-749, Republic of Korea"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Mathematics, Yonsei University, Seoul 120-749, Republic of Korea","institution_ids":["https://openalex.org/I193775966"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5109226981"],"corresponding_institution_ids":["https://openalex.org/I206597221"],"apc_list":{"value":1025,"currency":"USD","value_usd":1025},"apc_paid":{"value":1025,"currency":"USD","value_usd":1025},"fwci":1.7287,"has_fulltext":true,"cited_by_count":18,"citation_normalized_percentile":{"value":0.86714417,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":90,"max":98},"biblio":{"volume":"2013","issue":null,"first_page":"1","last_page":"7"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10067","display_name":"Stochastic processes and financial applications","score":0.9991999864578247,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10067","display_name":"Stochastic processes and financial applications","score":0.9991999864578247,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.9706000089645386,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.9596999883651733,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/simple","display_name":"Simple (philosophy)","score":0.7505022287368774},{"id":"https://openalex.org/keywords/boundary","display_name":"Boundary (topology)","score":0.7216483950614929},{"id":"https://openalex.org/keywords/lipschitz-continuity","display_name":"Lipschitz continuity","score":0.7026283144950867},{"id":"https://openalex.org/keywords/quadratic-equation","display_name":"Quadratic equation","score":0.5911014676094055},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.5263972282409668},{"id":"https://openalex.org/keywords/mathematical-optimization","display_name":"Mathematical optimization","score":0.5125965476036072},{"id":"https://openalex.org/keywords/function","display_name":"Function (biology)","score":0.5109995603561401},{"id":"https://openalex.org/keywords/applied-mathematics","display_name":"Applied mathematics","score":0.4967556595802307},{"id":"https://openalex.org/keywords/numerical-analysis","display_name":"Numerical analysis","score":0.43363526463508606},{"id":"https://openalex.org/keywords/boundary-value-problem","display_name":"Boundary value problem","score":0.42168042063713074},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.36150476336479187},{"id":"https://openalex.org/keywords/mathematical-analysis","display_name":"Mathematical analysis","score":0.2664133906364441},{"id":"https://openalex.org/keywords/geometry","display_name":"Geometry","score":0.09364920854568481}],"concepts":[{"id":"https://openalex.org/C2780586882","wikidata":"https://www.wikidata.org/wiki/Q7520643","display_name":"Simple (philosophy)","level":2,"score":0.7505022287368774},{"id":"https://openalex.org/C62354387","wikidata":"https://www.wikidata.org/wiki/Q875399","display_name":"Boundary (topology)","level":2,"score":0.7216483950614929},{"id":"https://openalex.org/C22324862","wikidata":"https://www.wikidata.org/wiki/Q652707","display_name":"Lipschitz continuity","level":2,"score":0.7026283144950867},{"id":"https://openalex.org/C129844170","wikidata":"https://www.wikidata.org/wiki/Q41299","display_name":"Quadratic equation","level":2,"score":0.5911014676094055},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.5263972282409668},{"id":"https://openalex.org/C126255220","wikidata":"https://www.wikidata.org/wiki/Q141495","display_name":"Mathematical optimization","level":1,"score":0.5125965476036072},{"id":"https://openalex.org/C14036430","wikidata":"https://www.wikidata.org/wiki/Q3736076","display_name":"Function (biology)","level":2,"score":0.5109995603561401},{"id":"https://openalex.org/C28826006","wikidata":"https://www.wikidata.org/wiki/Q33521","display_name":"Applied mathematics","level":1,"score":0.4967556595802307},{"id":"https://openalex.org/C48753275","wikidata":"https://www.wikidata.org/wiki/Q11216","display_name":"Numerical analysis","level":2,"score":0.43363526463508606},{"id":"https://openalex.org/C182310444","wikidata":"https://www.wikidata.org/wiki/Q1332643","display_name":"Boundary value problem","level":2,"score":0.42168042063713074},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.36150476336479187},{"id":"https://openalex.org/C134306372","wikidata":"https://www.wikidata.org/wiki/Q7754","display_name":"Mathematical analysis","level":1,"score":0.2664133906364441},{"id":"https://openalex.org/C2524010","wikidata":"https://www.wikidata.org/wiki/Q8087","display_name":"Geometry","level":1,"score":0.09364920854568481},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C78458016","wikidata":"https://www.wikidata.org/wiki/Q840400","display_name":"Evolutionary biology","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.1155/2013/128025","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2013/128025","pdf_url":"https://downloads.hindawi.com/journals/jam/2013/128025.pdf","source":{"id":"https://openalex.org/S190082376","display_name":"Journal of Applied Mathematics","issn_l":"1110-757X","issn":["1110-757X","1687-0042"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869"],"host_organization_lineage_names":["Hindawi Publishing Corporation"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Applied Mathematics","raw_type":"journal-article"},{"id":"pmh:oai:CULeuclid:euclid.jam/1394807867","is_oa":false,"landing_page_url":"https://projecteuclid.org/euclid.jam/1394807867","pdf_url":null,"source":{"id":"https://openalex.org/S4306400787","display_name":"Project Euclid (Cornell University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I205783295","host_organization_name":"Cornell University","host_organization_lineage":["https://openalex.org/I205783295"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Text"},{"id":"pmh:oai:RePEc:hin:jnljam:128025","is_oa":false,"landing_page_url":"http://downloads.hindawi.com/journals/JAM/2013/128025.xml","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:doaj.org/article:a5e4d29705cf4802a6cdc4fc7145efcb","is_oa":true,"landing_page_url":"https://doaj.org/article/a5e4d29705cf4802a6cdc4fc7145efcb","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Journal of Applied Mathematics, Vol 2013 (2013)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.1155/2013/128025","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2013/128025","pdf_url":"https://downloads.hindawi.com/journals/jam/2013/128025.pdf","source":{"id":"https://openalex.org/S190082376","display_name":"Journal of Applied Mathematics","issn_l":"1110-757X","issn":["1110-757X","1687-0042"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869"],"host_organization_lineage_names":["Hindawi Publishing Corporation"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Applied Mathematics","raw_type":"journal-article"},"sustainable_development_goals":[{"display_name":"Reduced inequalities","score":0.4699999988079071,"id":"https://metadata.un.org/sdg/10"}],"awards":[{"id":"https://openalex.org/G1202088360","display_name":null,"funder_award_id":"NRF-2011-0028951","funder_id":"https://openalex.org/F4320320671","funder_display_name":"National Research Foundation"}],"funders":[{"id":"https://openalex.org/F4320320671","display_name":"National Research Foundation","ror":"https://ror.org/05s0g1g46"}],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2011289995.pdf","grobid_xml":"https://content.openalex.org/works/W2011289995.grobid-xml"},"referenced_works_count":27,"referenced_works":["https://openalex.org/W64100313","https://openalex.org/W122990458","https://openalex.org/W158727854","https://openalex.org/W1503295912","https://openalex.org/W1965306587","https://openalex.org/W1975527087","https://openalex.org/W1982202311","https://openalex.org/W2023142000","https://openalex.org/W2027111242","https://openalex.org/W2035981590","https://openalex.org/W2049234737","https://openalex.org/W2051129224","https://openalex.org/W2062341116","https://openalex.org/W2077791698","https://openalex.org/W2107110825","https://openalex.org/W2126311658","https://openalex.org/W2139327166","https://openalex.org/W2146612430","https://openalex.org/W2154955866","https://openalex.org/W2345979959","https://openalex.org/W2468801668","https://openalex.org/W3121539357","https://openalex.org/W3123717203","https://openalex.org/W3124110374","https://openalex.org/W3136506851","https://openalex.org/W4231057775","https://openalex.org/W4231495859"],"related_works":["https://openalex.org/W3185235544","https://openalex.org/W2911623553","https://openalex.org/W4297791327","https://openalex.org/W2897842840","https://openalex.org/W2397777611","https://openalex.org/W1502031429","https://openalex.org/W2417585376","https://openalex.org/W1994157709","https://openalex.org/W2133690079","https://openalex.org/W2111215486"],"abstract_inverted_index":{"We":[0,17,53],"present":[1,55],"a":[2,47,61],"simple":[3],"numerical":[4,57],"method":[5],"to":[6,63],"find":[7],"the":[8,23,41],"optimal":[9,32,42],"exercise":[10,33,43],"boundary":[11,26,44],"in":[12,50],"an":[13,19],"American":[14],"put":[15],"option.":[16],"formulate":[18],"intermediate":[20],"function":[21],"with":[22],"fixed":[24],"free":[25],"that":[27],"has":[28],"Lipschitz":[29],"character":[30],"near":[31],"boundary.":[34],"Employing":[35],"it,":[36],"we":[37],"can":[38],"easily":[39],"determine":[40],"by":[45],"solving":[46],"quadratic":[48],"equation":[49],"time-recursive":[51],"way.":[52],"also":[54],"several":[56],"results":[58],"which":[59],"illustrate":[60],"comparison":[62],"other":[64],"methods.":[65]},"counts_by_year":[{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":5},{"year":2019,"cited_by_count":3},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":3}],"updated_date":"2026-05-21T06:26:12.895304","created_date":"2025-10-10T00:00:00"}
