The Mathematics of Financial Models: Solving Real-World Problems with Quantitative Methods (Wiley Finance, Band 658) - Hardcover

Über die Autorin bzw. den Autor

DR. KANNOO RAVINDRAN consults with corporations on investments, derivatives trading, modeling, and risk management. He also lectures around the world on these topics and runs a private equity fund. Dr. Ravindran pioneered the use of derivatives to manage risks embedded in variable annuity products.

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Finance professionals face daily challenges when solving client problems related to investments, insurance, derivatives valuation, and pension benefit modeling just to name a few. Finding solutions to these challenges means understanding the core of the problem, and employing quantitative techniques to model and analyze the problem. As part of the Wiley Finance Series, The Mathematics of Financial Models: Solving Real-World Problems with Quantitative Methods teaches readers how to use quantitative tools to solve real-world problems when there is a notion of cost (or money) involved.

Dr. Ravindran uses decades of experience to discuss how quantitative methods can help businesses move through common roadblocks related to minimizing costs or maximizing revenue. While the scenarios presented are not exhaustive (because the list of potential challenges is almost infinite), the book provides readers the tools they need to learn to apply the methodologies to any number of everyday scenarios.

Included with the text are real-world case studies and solutions that use transparent interactive tools like spreadsheets (for valuation, pricing, and modeling), mathematical formulae, and overview of select mathematical topics (e.g. matrices, calculus, probability, statistics, numerical analysis). The book specifically focuses on addressing difficulties encountered in the construction of zero curves, valuing vanilla and exotic options, and estimation and calibration of parameters used in pricing/hedging models. In addition to including a discussion on hedging strategies, real options, and variable annuities, the author has also created a frequently updated companion website offering additional resources to enhance the readability experience of this book.

While some general understanding of basic financial and mathematical concepts is beneficial, this book is appropriate for any student or analyst who utilizes quantitative methods in their daily life. It offers not only self-study exercises but also a brief refresher course on quantitative tools to allow for independent study and a thorough understanding of the concepts.

Aus dem Klappentext

Finance professionals face daily challenges when solving client problems related to investments, insurance, derivatives valuation, and pension benefit modeling―just to name a few. Finding solutions to these challenges means understanding the core of the problem, and employing quantitative techniques to model and analyze the problem. As part of the Wiley Finance Series, The Mathematics of Financial Models: Solving Real-World Problems with Quantitative Methods, Dr. Kannoo Ravindran teaches readers how to use quantitative tools to solve real-world problems when there is a notion of cost (or money) involved.

Dr. Ravindran uses decades of experience to discuss how quantitative methods can help businesses move through common roadblocks related to minimizing costs or maximizing revenue. While the scenarios presented are not exhaustive (because the list of potential challenges is almost infinite), the book provides readers the tools they need to learn to apply the methodologies to any number of everyday scenarios.

Included with the text are real-world case studies and solutions that use transparent interactive tools like spreadsheets (for valuation, pricing, and modeling), mathematical formulae, and overview of select mathematical topics (e.g. matrices, calculus, probability, statistics, numerical analysis). The book specifically focuses on addressing difficulties encountered in the construction of zero curves, valuing vanilla and exotic options, and estimation and calibration of parameters used in pricing/hedging models. In addition to including a discussion on hedging strategies, real options, and variable annuities, the author has also created a frequently updated companion website offering additional resources to enhance the readability experience of this book.

While some general understanding of basic financial and mathematical concepts is beneficial, this book is appropriate for any student or analyst who utilizes quantitative methods in their daily life. It offers not only self-study exercises but also a brief refresher course on quantitative tools to allow for independent study and a thorough understanding of the concepts.