American Options on Commodities Under Stochastic Convenience Yield and Stochastic Volatility
American and Bermudan options have a wide range of applications in financial markets, e.g. in commodities markets among others. The pricing literature of such contingent claims is broad and many different algorithms and frameworks have been developed. The purpose of this thesis is to investigate how the Least-Squares Method (LSM), \cite{LSM}, can be extended to incorporate stochastic convenience y