TY  - JOUR
AU  - Jamal, Sameerah
AU  - Maphanga, Rivoningo
PY  - 2024
TI  - A progressive approach to solving a generalized CEV-type model by applying symmetry-invariant surface conditions
JO  - AIMS Mathematics
SP  - 4326
EP  - 4336
VL  - 9
IS  - 2
AB  - In this paper, we examine a type of constant elasticity of variance model that is subject to its terminal condition. We prove that certain transformations may be applied to obtain a simpler equation that has known solution processes. Four cases are obtained that play a role in specifying the many unknown parameters of the model. The corresponding terminal condition is transformed into an initial condition, and we then demonstrate how to solve this Cauchy problem by using Lie symmetries and Poisson's formula. Finally, we examine the behaviour of the obtained solutions.
UR  - https://doi.org/10.3934/math.2024214
DO  - 10.3934/math.2024214