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This article was downloaded by: [222.29.93.10] On: 09 April 2015, At: 22:58 Publisher: Institute for Operations Research and the Management Sciences (INFORMS) INFORMS is located in Maryland, USAMathematics of Operations Research Publication details, including instructions for authors and subscription information: http://pubsonline.informs.orgClosedForm Expansions of Discretely Monitored Asian Options in Diffusion Models Ning Cai, Chenxu Li, Chao ShiTo cite this article: Ning Cai, Chenxu Li,
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01
Identify the problem that requires a closed-form expansion.
02
Set up the discrete equations or sequences that need to be expanded.
03
Choose the appropriate mathematical methods for closed-form expressions, such as generating functions or combinatorial techniques.
04
Apply the chosen method to derive the closed-form expansion step by step.
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Verify the derived expression by substituting found values or comparing with numerical results.

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Mathematicians working on discrete mathematics problems.
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Closed-form expansions of discretely refer to mathematical expressions that provide exact solutions for discrete data or functions without the need for approximation or iterative methods.
Typically, those involved in fields such as mathematics, statistics, engineering, or any discipline requiring data analysis may be required to file closed-form expansions of discretely as part of their data reporting or project documentation.
To fill out closed-form expansions of discretely, one must define the discrete variable, identify the appropriate mathematical formula for the specific data, and compute the expansions using the defined expressions.
The purpose of closed-form expansions of discretely is to derive a precise representation of discrete data, enabling easier analysis, manipulation, and interpretation of mathematical or statistical models.
Information that must be reported includes the discrete variables involved, the mathematical formulas used for expansion, the boundary conditions, and the computed values resulting from the expansions.
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