By Dr Len Patrick Garces

Journal articles

Lim BG; Dayta D; Tiu BR; Tan RR; Garces LPD; Ikeda K, 2026, 'Dynamic factor analysis of price movements in the Philippine Stock Exchange', Financial Innovation, 12, http://dx.doi.org/10.1186/s40854-025-00807-7

Zhou Y; Garces LPD; Shen Y; Sherris M; Ziveyi J; Garces LP, 2026, 'Age-Dependent Multi-Cohort Affine Mortality Models with Cohort Correlation', North American Actuarial Journal, ahead-of-print, pp. 1 - 31, http://dx.doi.org/10.1080/10920277.2026.2682217

Garces LPD; Gómez F; Tang Q, 2026, 'Indifference pricing of mortality-linked securities using backward stochastic differential equations', Astin Bulletin, 56, pp. 510 - 536, http://dx.doi.org/10.1017/asb.2026.10088

Zhou Y; Garces LPD; Shen Y; Sherris M; Ziveyi J, 2025, 'Risk-sharing rules for mortality pooling products with stochastic and correlated mortality rates', Astin Bulletin, 55, pp. 585 - 614, http://dx.doi.org/10.1017/asb.2025.10064

Ungolo F; Garces LPDM; Sherris M; Zhou Y, 2025, 'AffineMortality: An R package for estimation, analysis, and projection of affine mortality models', Annals of Actuarial Science, 19, pp. 23 - 48, http://dx.doi.org/10.1017/S1748499524000149

So KR; Cruz SC; Marcella EA; Briones J; Garces LPD, 2025, 'Uncertainty in Pricing and Risk Measurement of Survivor Contracts', Risks, 13, http://dx.doi.org/10.3390/risks13020035

Garces LPDM; Shen Y, 2024, 'Robust optimal investment and consumption strategies with portfolio constraints and stochastic environment', European Journal of Operational Research, http://dx.doi.org/10.1016/j.ejor.2024.12.010

Ungolo F; Garces LPDM; Sherris M; Zhou Y, 2024, 'Estimation, Comparison, and Projection of Multifactor Age–Cohort Affine Mortality Models', North American Actuarial Journal, 28, pp. 570 - 592, http://dx.doi.org/10.1080/10920277.2023.2238793

Garces LPDM; Cheang GHL, 2021, 'A numerical approach to pricing exchange options under stochastic volatility and jump-diffusion dynamics', Quantitative Finance, 21, pp. 2025 - 2054, http://dx.doi.org/10.1080/14697688.2021.1926534

Cheang GHL; Garces LPDM, 2020, 'Representation of exchange option prices under stochastic volatility jump-diffusion dynamics', Quantitative Finance, 20, pp. 291 - 310, http://dx.doi.org/10.1080/14697688.2019.1655785

de las Peñas MLAN; Verzosa DMB; Aberin MAQ; Garces LPDM; Francisco FF; Bautista EP; Tolentino MAC; Tabares WC, 2019, 'Digital simulations for grade 7 to 10 mathematics', Philippine Journal of Science, 148, pp. 735 - 749

Verzosa DMB; De Las Peñas MLAN; Aberin MAQ; Garces LPDM, 2019, 'App-based scaffolds for writing two-column proofs', International Journal of Mathematical Education in Science and Technology, 50, pp. 766 - 778, http://dx.doi.org/10.1080/0020739X.2018.1500654

Verzosa DMB; De Las Peñas MLAN; Aberin MAQ; Garces LPDM, 2018, 'App for addition and subtraction of integers', International Journal for Technology in Mathematics Education, 25, pp. 21 - 33, http://dx.doi.org/10.1564/tme_v25.4.02

Palanca-Tan R; Garces LPDM; Purisima ANC; Zaratan ACL, 2015, 'Tourism and crime: Evidence from the Philippines', Southeast Asian Studies, 4, pp. 565 - 580

Conference Papers

Garces LP; Bogomolov T; Chiera B, 2021, 'Regression-based approaches for simulation meta-modelling in the presence of heterogeneity and correlation', in Vervoort RW; Voinov AA; Evans JP; Marshall L (eds.), Modelling and Simulation Society of Australia and New Zealand, Sydney, NSW, pp. 827 - 833, presented at MODSIM2021, 24th International Congress on Modelling and Simulation, Sydney, NSW, 05 December 2021 - 10 December 2021, http://dx.doi.org/10.36334/modsim.2021.M5.garces

Tan RRP; Ikeda K; Garces LPDM, 2020, 'On eigenvalue bounds for the finite-state birth-death process intensity matrix', in Journal of Physics Conference Series, http://dx.doi.org/10.1088/1742-6596/1593/1/012005

Working Papers

Boonen T; Dela Vega EJ; Garces LP, 2026, Optimal Dividend, Reinsurance, and Capital Injection for Collaborating Business Lines under Model Uncertainty, http://dx.doi.org, https://arxiv.org/abs/2603.25350

Alonso-Garcia J; Garces LPDM; Ziveyi J, 2025, Variable annuities: A closer look at ratchet guarantees, hybrid contract designs, and taxation, http://dx.doi.org10.48550/arxiv.2507.07358

Garces LP; Kolar J; Sherris M; Ungolo F, 2022, Affine Mortality Models with Jumps: Parameter Estimation and Forecasting, Elsevier, CEPAR Working Paper 2022/12, http://dx.doi.org10.2139/ssrn.4220454, https://cepar.edu.au/publications/working-papers/affine-mortality-models-jumps-parameter-estimation-and-forecasting

Garces LPDM; Cheang GHL, 2020, A Put-Call Transformation of the Exchange Option Problem under Stochastic Volatility and Jump Diffusion Dynamics, http://dx.doi.org, http://arxiv.org/abs/2002.10194v1

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