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Elsevier

Books in Mathematical methods and programming

  • Principles of Financial Engineering

    • 3rd Edition
    • Robert Kosowski + 1 more
    • English
    Principles of Financial Engineering, Third Edition, is a highly acclaimed text on the fast-paced and complex subject of financial engineering. This updated edition describes the "engineering" elements of financial engineering instead of the mathematics underlying it. It shows how to use financial tools to accomplish a goal rather than describing the tools themselves. It lays emphasis on the engineering aspects of derivatives (how to create them) rather than their pricing (how they act) in relation to other instruments, the financial markets, and financial market practices. This volume explains ways to create financial tools and how the tools work together to achieve specific goals. Applications are illustrated using real-world examples. It presents three new chapters on financial engineering in topics ranging from commodity markets to financial engineering applications in hedge fund strategies, correlation swaps, structural models of default, capital structure arbitrage, contingent convertibles, and how to incorporate counterparty risk into derivatives pricing. Poised midway between intuition, actual events, and financial mathematics, this book can be used to solve problems in risk management, taxation, regulation, and above all, pricing. A solutions manual enhances the text by presenting additional cases and solutions to exercises. This latest edition of Principles of Financial Engineering is ideal for financial engineers, quantitative analysts in banks and investment houses, and other financial industry professionals. It is also highly recommended to graduate students in financial engineering and financial mathematics programs.

  • The Microeconomics of Complex Economies

    Evolutionary, Institutional, Neoclassical, and Complexity Perspectives
    • 1st Edition
    • Wolfram Elsner + 2 more
    • English
    The Microeconomics of Complex Economies uses game theory, modeling approaches, formal techniques, and computer simulations to teach useful, accessible approaches to real modern economies. It covers topics of information and innovation, including national and regional systems of innovation; clustered and networked firms; and open-source/open-inn... production and use. Its final chapter on policy perspectives and decisions confirms the value of the toolset. Written so chapters can be used independently, the book includes an introduction to computer simulation and pedagogical supplements. Its formal, accessible treatment of complexity goes beyond the scopes of neoclassical and mainstream economics. The highly interdependent economy of the 21st century demands a reconsideration of economic theories.

  • Finite Element Methods

    Accuracy and Improvement
    • 1st Edition
    • Qun Lin + 1 more
    • English
    Distributed by Elsevier Science on behalf of Science Press. This book discusses the accuracy of various finite element approximations and how to improve them, with the help of extrapolations and super convergence's post-processing technique. The discussion is based on asymptotic expansions for finite elements and finally reduces to the technique of integration by parts, embedding theorems and norm equivalence lemmas. The book is also devoted to explaining the origin of theorems.

  • BCI-Algebra

    • 1st Edition
    • Yisheng Huang
    • English
    Distributed by Elsevier Science on behalf of Science Press. This book is mainly designed for graduate students who are interested in the theory of BCK and BCI-algebras. It introduces the general theoretical basis of BCI-algebras, omitting difficult proofs and abstract topics which are less necessary for beginners to learn. With abundant examples and exercises arranged after each section, it provides readers with easy-to-follow steps into this field.