{"product_id":"numerical-methods-in-finance-and-economics-a-matlab-based-introduction-9780471745037","title":"Numerical Methods in Finance and Economics: A Matlab-Based Introduction","description":"A state-of-the-art introduction to the powerful mathematical and statistical tools used in the field of finance\u003cbr\u003e \u003cbr\u003e The use of mathematical models and numerical techniques is a practice employed by a growing number of applied mathematicians working on applications in finance. Reflecting this development, Numerical Methods in Finance and Economics: A MATLAB?-Based Introduction, Second Edition bridges the gap between financial theory and computational practice while showing readers how to utilize MATLAB?--the powerful numerical computing environment--for financial applications.\u003cbr\u003e \u003cbr\u003e The author provides an essential foundation in finance and numerical analysis in addition to background material for students from both engineering and economics perspectives. A wide range of topics is covered, including standard numerical analysis methods, Monte Carlo methods to simulate systems affected by significant uncertainty, and optimization methods to find an optimal set of decisions.\u003cbr\u003e \u003cbr\u003e Among this book's most outstanding features is the integration of MATLAB?, which helps students and practitioners solve relevant problems in finance, such as portfolio management and derivatives pricing. This tutorial is useful in connecting theory with practice in the application of classical numerical methods and advanced methods, while illustrating underlying algorithmic concepts in concrete terms.\u003cbr\u003e \u003cbr\u003e Newly featured in the Second Edition: \u003cbr\u003e * In-depth treatment of Monte Carlo methods with due attention paid to variance reduction strategies\u003cbr\u003e * New appendix on AMPL in order to better illustrate the optimization models in Chapters 11 and 12\u003cbr\u003e * New chapter on binomial and trinomial lattices\u003cbr\u003e * Additional treatment of partial differential equations with two space dimensions\u003cbr\u003e * Expanded treatment within the chapter on financial theory to provide a more thorough background for engineers not familiar with finance\u003cbr\u003e * New coverage of advanced optimization methods and applications later in the text\u003cbr\u003e \u003cbr\u003e \u003cbr\u003e Numerical Methods in Finance and Economics: A MATLAB?-Based Introduction, Second Edition presents basic treatments and more specialized literature, and it also uses algebraic languages, such as AMPL, to connect the pencil-and-paper statement of an optimization model with its solution by a software library. Offering computational practice in both financial engineering and economics fields, this book equips practitioners with the necessary techniques to measure and manage risk.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Paolo Brandimarte\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Wiley-Interscience\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 11\/01\/2006\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 696\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 2.47lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.45h x 6.41w x 1.54d\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9780471745037\u003cbr\u003e\u003cbr\u003e\u003cb\u003eReview Citation(s): \u003c\/b\u003e\u003cbr\u003e\u003ci\u003eReference and Research Bk News\u003c\/i\u003e 02\/01\/2007 pg. 140\u003cbr\u003e\u003cp\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cb\u003ePAOLO BRANDIMARTE\u003c\/b\u003e is Professor of Quantitative Methods for Finance and Logistics at Politecnico di Torino in Italy. He is the author of several publications, including five books, on the application of optimization and simulation to diverse areas such as production management, telecommunications, and finance. Dr. Brandimarte has extensive teaching experience in engineering and economics faculties, including master's and PhD-level courses.\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003ci\u003eThis title is not returnable\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e","brand":"Wiley-Interscience","offers":[{"title":"Hardcover","offer_id":40011759681651,"sku":"9.78E+12","price":168.95,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0555\/9255\/0515\/products\/img_ed2dae01-a1b4-4de6-8b3c-9c92b81a3731.jpg?v=1650490612","url":"https:\/\/bookstorenmore.com\/en-de\/products\/numerical-methods-in-finance-and-economics-a-matlab-based-introduction-9780471745037","provider":"Bookstore N More","version":"1.0","type":"link"}