Exercise Style  
Dividend Type 

Appropriate Model 
European   None   BS, GBS, BIN, BIN2 
  Continuous   GBS, BIN, BIN2 
  Discrete   BSdd, RGW, BIN2 
American   None   BAW, BIN, BIN2 
  Continuous   BAW, BIN, BIN22 
  Discrete   BIN2 
Bermudan   None   BIN2 
  Continuous   BIN2 
  Discrete   BIN2 

Where,
BS = Black Scholes.
BSdd = Black Scholes with Discrete Dividends.
GBS = Generalized Black Scholes.
RGW = Roll Geske Whaley.
BAW = BaroneAdesi Whaley.
BIN = Binomial Option Pricing Model with constant timesteps.
BIN2 = Binomial Option Pricing Model with variable timesteps.
Note that while we list all of the pricing models that can be applied
to each type of option, some models are more appropriate than others.
For example, although both the Black Scholes model and the binomial option
pricing model can be used to value a European option on a stock that pays
no dividend, the Black Scholes model would be preferred in this case.
As the binomial model involves a numerical approximation to the 'true'
value (given by Black Scholes), it is slower to compute and less precise
than the Black Scholes model
