It is well known that the Black-Scholes model is used to establish the behavior of the option pricing in the financial market. In this paper, we propose the modified version of Black-Scholes model with two assets based on the Liouville-Caputo fractional derivative. The analytical solution of the proposed model is investigated by the Laplace transform homotopy perturbation method.

A mathematical model for forecasting the transmission of the COVID-19 outbreak is proposed to investigate the effects of quarantined and hospitalized individuals. We analyze the proposed model by considering the existence and the positivity of the solution. Then, the basic reproduction number $\left(R_0\right)$—the expected number of secondary cases produced by a single infection in a completely susceptible population—is computed by using the next-generation matrix to carry out the stability of disease-free equilibrium and endemic equilibrium. The results show that the disease-free equilibrium is locally asymptotically stable if $R_0<1$, and the endemic equilibrium is locally asymptotically stable if $R_0>1$. Numerical simulations of the proposed model are illustrated. The sensitivity of the model parameters is considered in order to control the spread by intervention strategies. Numerical results confirm that the model is suitable for the outbreak that occurred in Thailand.

The purpose of this paper was to investigate the dynamics of the option pricing in the market through the two-dimensional time fractional-order Black–Scholes equation for a European put option. The Liouville–Caputo derivative was used to improve the ordinary Black–Scholes equation. The analytic solution is a powerful tool for describing the behavior of the option price in the European style market. In this study, analytic solution is carried out by the Laplace homotopy perturbation method. Moreover, the obtained solution showed that the Laplace homotopy perturbation method was an efficient method for finding an analytic solution of two-dimensional fractional-order differential equation.

The Black Scholes model is a well-known and useful mathematical model in financial markets. In this paper, the two-dimensional Black Scholes equation with European call option is studied. The explicit solution of this problem is carried out in the form of a Mellin–Ross function by using Laplace transform homotopy perturbation method. The solution example demonstrates that the proposed scheme is effective.

In this paper, a mathematical model for African swine fever is modified by considering the swine farm with the contaminated human vector that is able to infect and spread the disease among swine farms. In the developed model, we have divided the swine farm density into three related groups, namely the susceptible swine farm compartment, latent swine farm compartment, and infectious swine farm compartment. On the other hand, the human vector population density has been separated into two classes, namely the susceptible human vector compartment and the infectious human vector compartment. After that, we use this model and a quarantine strategy to analyze the spread of the infection. In addition, the basic reproduction number $R_0$ is determined by using the next-generation matrix, which can analyze the stability of the model. Finally, the numerical simulations of the proposed model are illustrated to confirm the results from theorems. The results showed that the transmission coefficient values per unit of time per individual between the human vector and the swine farm resulted in the spread of African swine fever.

In this paper, the Laplace homotopy perturbation method (LHPM) is applied to obtain the approximate solution of Black–Scholes partial differential equations for a European put option with two assets. Different from all other approximation methods, LHPM provides a simple way to get the explicit solution which is represented in the form of a Mellin–Ross function. The numerical examples represent that the solution from the proposed method is easy and effective.