Stochastic Modeling in Economics and Finance

• Main Authors: Dupačová, Jitka (Author), Hurt, Jan (Author), Štěpán, Josef (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Boston, MA : Springer US, 2002.
• Series: Applied Optimization, 75
• Subjects: Mathematics.; Accounting.; Bookkeeping.; Operations research.; Decision making.; Finance.; Mathematical optimization.; Probabilities.; Optimization.; Probability Theory and Stochastic Processes.; Finance, general.; Operation Research/Decision Theory.; Accounting/Auditing.

In Part I, the fundamentals of financial thinking and elementary mathematical methods of finance are presented. The method of presentation is simple enough to bridge the elements of financial arithmetic and complex models of financial math developed in the later parts. It covers characteristics of c...