This volume provides a broad cross-section of contemporary approaches to stochastic modelling in finance and economics, oriented towards decision making. The material ranges from common tools to solutions of sophisticated system problems and applications.2.1.2 Exercise. Decide what is better for the saver: future value of the savings calculated from (3) or (4). Speaking of ... The usual notation is i = 0.13 p. a. or equivalently i = 13% p.a. Rarely, interest rates are given semiannually (p.s., per semestre), quarterly (p.q., per quartale), monthly (p.m., per mensem), daily (p.d., ... Calendar. Conventions. Assume the unit time is one year. If the number of periods n is not an integer, there are ... January 13, 2013, is therefore expressed as 20130113.

Title | : | Stochastic Modeling in Economics and Finance |

Author | : | Jitka Dupa?ová, J. Hurt, J. Stepan |

Publisher | : | Springer Science & Business Media - 2002-08-31 |

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