In the present paper, we employ a wavelets optimization method is employed for the elucidations of fractional partial differential equations of pricing European option accompanied by a Lévy model. We apply the Legendre wavelets optimization method (LWOM) to optimize the governing problem. The novelty of the proposed method is the inclusion of differential evolution algorithm (DE) in the Legendre wavelets method for the optimized approximations of the unknown terms of the Legendre wavelets. Sequentially, the functions and components of the pricing models are discretized by utilizing the operational matrix of fractional integration of Legendre wavelets. Illustratively, the implementation of the LWOM is exemplified on a pricing European option Lévy model and successfully depicted the stock paths. Moreover, comparison analysis of the Black-Scholes model with a class of Lévy model and LWOM with q-homotopy analysis transform method (q-HATM) is also deliberated out. Accordingly, the technique is found to be appropriate for financial models that can be expressed as partial differential equations of integer and fractional orders, subjected to initial or boundary conditions.

The aim of this paper was to examine the steady boundary layer flow of an Eyring–Powell model fluid due to an exponentially shrinking sheet. In addition, the heat transfer process in the presence of thermal radiation is considered. Using usual similarity transformations the governing equations have been transformed into non-linear ordinary differential equations. Homotopy analysis method (HAM) is employed for the series solutions. The convergence of the obtained series solutions is carefully analyzed. Numerical values of the temperature gradient are presented and discussed. It is observed that velocity increases with an increase in mass suction S. In addition, for the temperature profiles opposite behavior is observed for increment in suction. Moreover, the thermal boundary layer thickness decreases due to increase in Prandtl number Pr and thermal radiation R

The flow and heat transfer analysis in the conventional nanofluid $A{l}_2{O}_3-H_{2}O$ and hybrid nanofluid $Cu-A{l}_2{O}_3-H_{2}O$ was carried out in the present study. The present work also focused on the comparative analysis of entropy generation in conventional and hybrid nanofluid flow. The flows of both types of nanofluid were assumed to be over a thin needle in the presence of thermal dissipation. The temperature at the surface of the thin needle and the fluid in the free stream region were supposed to be constant. Modified Maxwell Garnet (MMG) and the Brinkman model were utilized for effective thermal conductivity and dynamic viscosity. The numerical solutions of the self-similar equations were obtained by using the Runge-Kutta Fehlberg scheme (RKFS). The Matlab in-built solver bvp4c was also used to solve the nonlinear dimensionless system of differential equations. The present numerical results were compared to the existing limiting outcomes in the literature and were found to be in excellent agreement. The analysis demonstrated that the rate of entropy generation reduced with the decreasing velocity of the thin needle as compared to the free stream velocity. The hybrid nanofluid flow with less velocity was compared to the regular nanofluid under the same circumstances. Furthermore, the enhancement in the temperature profile of the hybrid nanofluid was high as compared to the regular nanofluid. The influences of relevant physical parameters on flow, temperature distribution, and entropy generation are depicted graphically and discussed herein.