This volume presents a collection of contributions dedicated to applied problems in the financial and energy sectors that have been formulated and solved in a stochastic optimization framework. The invited authors represent a group of scientists and practitioners, who cooperated…
CD ROM contents: Topic review videos, Microsoft Excel, math in employment test supplement.
[This book] presents an arithmetic-based, basic approach to business mathematics. It emphasizes a practical, skill-building approach to prepare students for future careers in business through step-by-step development of concepts, numerous practice exercise, and a focus on real-w…
Markov decision processes with applications to finance
by Bäuerle, Nicole, Rieder, Ulrich
fromUniversitext
The theory of Markov decision processes focuses on controlled Markov chains in discrete time. The authors establish the theory for general state and action spaces and at the same time show its application by means of numerous examples, mostly taken from the fields of finance and…
The interaction between mathematicians and statisticians reveals to be an effective approach for dealing with actuarial, insurance and financial problems, both in an academic and in an operative perspective. The international conference MAF 2008, held at the University Ca' Fosca…
Most financial and investment decisions are based on considerations of possible future changes and require forecasts on the evolution of the financial world. Time series and processes are the natural tools for describing the dynamic behavior of financial data, leading to the req…
Most financial and investment decisions are based on considerations of possible future changes and require forecasts on the evolution of the financial world. Time series and processes are the natural tools for describing the dynamic behavior of financial data, leading to the req…