The use of mathematical models in financial management is today common business practice. The state of the art is constantly being advanced by academia and refined by industry. This book achieves two objectives. First, it brings together the (apparently) diverse fields of finance and management science/operations research. It presents a variety of techniques used in complex problems for financial management: optimization, simulation, stochastic programming and supercomputing. Second, it links current industrial practices with academic research to a degree unparalleled by any previous publication in the field.1 1 For each shift in the initial yield curve, both cashflows and discount rates change. ... Parts I and II. Goldman. Sachs aamp; Co.. January 1988. 15 See David Babbel. Peter Bouyoucos. and Robert Stricker. ... 16 See Boyle, aquot;Options: a Monte Carlo approach. ... of the term structure of interest rates, aquot; Econometrica, 53 , (March 1985), for discussions of issues in the term structure of interest rates relevant here.
|Author||:||Stavros A. Zenios|
|Publisher||:||Cambridge University Press - 2002|