Nonuniform Finite Difference Scheme for the Three-Dimensional Time-Fractional Black–Scholes Equation

<div>Piecewise-uniform mesh <span class="nowrap"><svg height="11.927pt" id="M159" style="vertical-align:-3.291101pt" version="1.1" viewbox="-0.0498162 -8.6359 15.673 11.927" width="15.673pt" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"><g transform="matrix(.013,0,0,-0.013,0,0)"><path d="M719 146L691 147C666 77 657 72 612 72H528C572 125 688 224 688 364C688 546 558 665 384 665C212 665 77 541 77 361C77 221 188 124 239 72H150C110 72 97 80 73 147L46 146L63 0H307L314 18C284 71 178 203 178 360C178 529 256 631 383 631C509 631 588 523 588 363C588 197 485 67 453 18L458 0H701L719 146Z"></path></g><g transform="matrix(.0091,0,0,-0.0091,9.841,3.132)"><path d="M545 403C545 425 527 451 498 451C448 451 400 404 312 286L290 341C262 412 246 451 219 451C182 451 138 404 92 345L112 323C152 368 169 378 181 378C192 378 201 359 216 321L257 214C184 115 142 69 113 69C102 69 93 73 88 79S78 89 68 89C47 89 24 61 24 40C24 8 49 -12 75 -12C125 -12 175 31 271 175L312 64C330 15 357 -12 382 -12C421 -12 475 35 515 98L496 121C466 88 439 62 420 62C402 62 384 92 363 147L325 247C349 280 374 309 397 333C422 361 446 381 462 381C471 381 481 374 488 366C493 360 499 357 505 357C521 357 545 380 545 403Z"></path></g></svg>.</span></div>

Journal of Function Spaces

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Figure 7

Figure 7: Nonuniform Finite Difference Scheme for the Three-Dimensional Time-Fractional Black–Scholes Equation 