Hamidreza Maleki Almani

Occupation

Postdoctoral Researcher,
Department of Mathematics and Statistics, School of Technology and Innovations, University of Vaasa

Former University Teacher, Doctoral Researcher, Doctoral Student, and Project Researcher at the University of Vaasa. 
Former University Teacher at the University of Guilan, and Teacher Assistant at the Sharif University of Technology.

Biography

Hamidreza was born in Rasht, Iran. He passed his school time and had his diploma in Mathematics and Physics in his home city. He started his academic career with BSc in Pure Mathematics at the University of Guilan, where he improved state records in the national mathematical Olympiads and competitions. With a high rank in MSc entrance exam, he entered the Sharif University of Technology. He opted for Mathematical Physics in Quantum Theory at the beginning of his master studies, however; the modern applications of Probability Theory and Stochastic Analysis motivated him to have his M.Sc. of Applied Mathematics in Mathematical Finance. He maintained his level with a high rank in Iran’s Ph.D. entrance exam. To pursue his ideas, he came to the University of Vaasa in 2019 as a visiting researcher and has had successful publications as well as teaching activities. This led him to an acceptance to the Doctoral Programme at the University of Vaasa, winning three positions, and a grant. He had his PhD at the highest level of Finland educational system, graduated with honors/distinction (kiittäen hyväksytty). His thesis was awarded as the best doctoral dissertation of the University of Vaasa, by June 2025.

Education

Diploma in Mathematics and Physics, Hadaf High School, Rasht, Iran
B.Sc. in Pure Mathematics, Differential Geometry, University of Guilan, Rasht, Iran
M.Sc. in Applied Mathematics, Mathematical Finance, Sharif University of Technology, Tehran, Iran
M.Sc. Thesis: CIR Model of Interest Rate and its Numerical Solution by Stochastic Polygonal Euler Method
Doctoral in Applied Mathematics, Mathematical Finance, Tarbiat Modares University, Tehran, Iran
Ph.D. in Mathematics and Statistics, Business Mathematics, University of Vaasa, Finland
Ph.D. Dissertation: Modern Stochastic Gaussian Models and Applications to Finance
Accepted with honors/distinction (kiittäen hyväksytty)

Teaching Units

Probability, Statistics, Machine Learning, Applied Multivariate Statistics, Time Series Analysis, Actuarial Mathematics,
Financial Systems, Econometrics, Business Mathematics, Mathematics in Economics, Mathematics in Management, 
Calculus, Differential Equations, Mathematical Engineering, Discrete Mathematics, 
Operation Research, Linear Programming, MATLAB Programming, R Programming
Stochastic Methods for Energy Markets, Sustainable Energy Technology: Introduction and Application

Research

Research Area

Mathematical Finance, Econometrics, Business Mathematics,
Probability Theory, Stochastic Processes,
Machine Learning, Data Science,
Mathematical Physics, Quantum Theory

Projects and Collaborations

Department of Mathematics and Statistics: Hedging Strategies
Department of Finance and Accountant: Tailed Distributions
Department of Energy Technology: Fuel Distribution

Publications

Peer Reviewed Articles

1. Heidarabadi, S., Almani, H. M., Kakoee, A., Andwari, A., Hyvönen, J., & Mikulski, M. (2027). Development of a phenomenological spray model for next generation dual-fuel marine engines: validation in free-field conditions. Fuel, 428, 140328. https://doi.org/10.1016/j.fuel.2026.140328  
2. Golbaghi, K., Almani, H. M., Kakoee, A., Smulter, B., Hyvönen, J., Andwari, A., & Mikulski, M. (2026). From case-specific to general tuning: A structured, system-level framework for scalable RCCI simulation. Energy Conversion and Management, 361, 121622. https://doi.org/10.1016/j.enconman.2026.121622  
3. Vasudev, A., Kakoee, A., Axelsson, M., Almani, H. M., Hyvönen, J., & Mikulski, M. (2024). Advancing autonomy of chemical kinetics-based multizone models for reactivity-controlled compression ignition engines. Energy Conversion and Management, 312, 118562. https://doi.org/10.1016/j.enconman.2024.118562 
4. Almani, H. M., Shokrollahi, F., & Sottinen, T. (2024). Prediction of Gaussian Volterra processes with compound Poisson jumps. Statistics & Probability Letters, 110054. https://doi.org/10.1016/j.spl.2024.110054 
5. Almani, H. M., & Sottinen, T. (2023). Multi-mixed fractional Brownian motions and Ornstein-Uhlenbeck processes. Modern Stochastics: Theory and Applications, 10, 343–366. https://doi.org/10.15559/23-VMSTA229 
6. Almani, H. M., Hosseini, S. M., & Tahmasebi, M. (2020). Fractional Brownian motion with two-variable Hurst exponent. Journal of Computational and Applied Mathematics, 388, 113262. https://doi.org/10.1016/j.cam.2020.113262 

Preprints

1. Almani, H. M. (2025). Insights into tail-based and order statistics. arXiv. https://doi.org/10.48550/arXiv.2511.04784 
2. Almani, H. M., Shokrollahi, F., & Sottinen, T. (2024). Hedging in jump diffusion model with transaction costs. arXiv. https://doi.org/10.48550/arXiv.2408.10785 
3. Almani, H. M., & Sottinen, T. (2024). Parameter estimation for multi-mixed fractional Ornstein-Uhlenbeck processes by generalized method of moments. arXiv. https://doi.org/10.48550/arXiv.2401.05114 

Conference Articles

1. Almani, H. M. (n.d.). Asymptotic distribution of quantile contribution statistics. European Meeting of Statisticians, Università della Svizzera italiana, Lugano, Switzerland. EMS2026
2. Almani, H. M. (2026). Order statistics for the quantile contribution. 30th Nordic Conference in Mathematical Statistics, Helsinki, Finland. Nordstat2026
3. Almani, H. M., Shokrollahi, F., & Sottinen, T. (2024). Hedging in jump-diffusion model with transaction costs. Finnish Summer School on Probability and Statistics, Lammi, Finland. FDNSS2024
4. Almani, H. M., Shokrollahi, F., & Sottinen, T. (2024). Hedging in jump-diffusion model with transaction costs. 9th European Congress of Mathematics, Sevilla, Spain. ECM2024
5. Almani, H. M. (2024). Integral representation for multi-mixed Gaussian integral processes on R. 9th European Congress of Mathematics, Sevilla, Spain. ECM2024
6. Almani, H. M. (2024). Integral representation for multi-mixed Gaussian integral processes on R. 11th World Congress of Probability and Statistics, Bochum, Germany. Bernoulli-IMS Worldcongress 2024
7. Almani, H. M., Shokrollahi, F., & Sottinen, T. (2024). Prediction of Gaussian Volterra processes with compound Poisson jumps. Finnish Math Days, Espoo, Finland. FinMathDays2024
8. Almani, H. M., & Sottinen, T. (2023). Parameter estimation for multi-mixed fractional Ornstein-Uhlenbeck processes by generalized method of moments. 43rd Conference on Stochastic Processes and Their Applications, Lisbon, Portugal. SPA2023
9. Almani, H. M., & Sottinen, T. (2023). Parameter estimation for multi-mixed fractional Ornstein-Uhlenbeck processes by generalized method of moments. Finnish Summer School on Probability and Statistics, Lammi, Finland. FDNSS2023
10. Almani, H. M., & Sottinen, T. (2022). Multi-mixed fractional Brownian motions and Ornstein-Uhlenbeck processes. International Conference of Probability and Mathematical Physics, Helsinki, Finland. ICM 2022 and PMP2022
11. Almani, H. M., & Sottinen, T. (2022). Multi-mixed fractional Brownian motions and Ornstein-Uhlenbeck processes. Finnish Summer School on Probability and Statistics, Lammi, Finland. FDNSS2022
12. Almani, H. M., Hosseini, S. M., & Tahmasebi, M. (2019). Time-variable Hurst index of FBM. 4th Conference of Mathematical Finance, Yazd University, Yazd, Iran.
13. Almani, H. M., & Zangeneh, B. Z. (2014). Stochastic Euler approximation for the CIR model of interest rate. Workshop of Financial and Actuarial Mathematics (FINACT-IRAN), Institute for Research in Fundamental Sciences (IPM), Tehran, Iran.
14. Almani, H. M., & Zangeneh, B. Z. (2014). Stochastic differential equations with Hölder continuous coefficients and Euler approximation for them. Workshop of Stochastic Processes, University of Isfahan, Isfahan, Iran.
15. Almani, H. M., & Zangeneh, B. Z. (2014). CIR model of interest rate and its numerical solution. Seminar of Mathematics and Humanities and Financial Mathematics, Allameh Tabatabaei University, Tehran, Iran.