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  • Numerical Methods in Finance and Economics: A MATLAB-Based Introduction

    About The File:
    File Format | PDF
    File Size | 32.9 MB
    Pages | 694
    Language | English
    Category | MATLAB
    Description:  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.

    Newly featured in the Second Edition:
    * In-depth treatment of Monte Carlo methods with due attention paid to variance reduction strategies
    * New appendix on AMPL in order to better illustrate the optimization models in Chapters 11 and 12
    * New chapter on binomial and trinomial lattices
    * Additional treatment of partial differential equations with two space dimensions
    * Expanded treatment within the chapter on financial theory to provide a more thorough background for engineers not familiar with finance
    * New coverage of advanced optimization methods and applications later in the text

    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.
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