The Black-Scholes Option Pricing Model, developed by Fischer Black and Myron Scholes, is a mathematical model used to determine the fair value of options by incorporating factors such as volatility, interest rates, stock prices, exercise prices, and time until expiration.
Open dating refers to the clear and understandable indication of an expiration date on a retail-packaged food item that is subject to deterioration. This aids consumers in determining the product's useful life and ensures food safety and quality.
