The use of planning and control practices in SMEs and the relationship with company performanceThe use of planning and control practices in SMEs and the relationship with company performance
Faculty of Applied Economics
Accountancy and Finance
Antwerp :UA, 2002[*]2002
Research paper / Faculty of Applied Economics UFSIA-RUCA ; 2002:39
University of Antwerp
In a previous paper by Thomassen and Van Wouwe  the notion of an n-fold compound option was introduced as a generalization of Geskes compound option . To compute such an n-fold numerically remains possible but tedious because most algorithms are not capable to compute multivariate normal CDFs for higher dimensions (n 3). For that reason a proof to regard an n-fold as an (n-k)-fold on a k-fold is given and allows for example to decompose a 6-fold compound option into a 2-fold and a 4-fold.