Author : John R. Birge
Release : 2007-11-16
Genre : Business & Economics
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Book Rating : 252/5 ( reviews)

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Handbooks in Operations Research and Management Science: Financial Engineering - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Handbooks in Operations Research and Management Science: Financial Engineering write by John R. Birge. This book was released on 2007-11-16. Handbooks in Operations Research and Management Science: Financial Engineering available in PDF, EPUB and Kindle. The remarkable growth of financial markets over the past decades has been accompanied by an equally remarkable explosion in financial engineering, the interdisciplinary field focusing on applications of mathematical and statistical modeling and computational technology to problems in the financial services industry. The goals of financial engineering research are to develop empirically realistic stochastic models describing dynamics of financial risk variables, such as asset prices, foreign exchange rates, and interest rates, and to develop analytical, computational and statistical methods and tools to implement the models and employ them to design and evaluate financial products and processes to manage risk and to meet financial goals. This handbook describes the latest developments in this rapidly evolving field in the areas of modeling and pricing financial derivatives, building models of interest rates and credit risk, pricing and hedging in incomplete markets, risk management, and portfolio optimization. Leading researchers in each of these areas provide their perspective on the state of the art in terms of analysis, computation, and practical relevance. The authors describe essential results to date, fundamental methods and tools, as well as new views of the existing literature, opportunities, and challenges for future research.