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Mathematics of Investment and Credit
by Samuel A. BrovermanInterest rate measurement -- Valuation of annuities -- Loan repayment -- Bond valuation -- Measuring the rate of return of an investment -- The term structure of interest rates -- Cashflow duration and immunization -- Additional topics in finance and investment -- Forwards, futures, swaps, and options -- Answers to selected exercises -- Bibliography -- Index
Mathematics of the Financial Markets
by Alain RuttiensThe book aims to prioritise what needs mastering and presents the content in the most understandable, concise and pedagogical way illustrated by real market examples. Given the variety and the complexity of the materials the book covers, the author sorts through a vast array of topics in a subjective way, relying upon more than twenty years of experience as a market practitioner. The book only requires the reader to be knowledgeable in the basics of algebra and statistics.The Mathematical formulae are only fully proven when the proof brings some useful insight. These formulae are translated from algebra into plain English to aid understanding as the vast majority of practitioners involved in the financial markets are not required to compute or calculate prices or sensitivities themselves as they have access to data providers. Thus, the intention of this book is for the practitioner to gain a deeper understanding of these calculations, both for a safety reason - it is better to understand what is behind the data we manipulate - and secondly being able to appreciate the magnitude of the prices we are confronted with and being able to draft a rough calculation, aside of the market data.The author has avoided excessive formalism where possible. Formalism is securing the outputs of research, but may, in other circumstances, burden the understanding by non-mathematicians; an example of this case is in the chapter dedicated to the basis of stochastic calculus.The book is divided into two parts:- First, the deterministic world, starting from the yield curve building and related calculations (spot rates, forward rates, discrete versus continuous compounding, etc.), and continuing with spot instruments valuation (short term rates, bonds, currencies and stocks) and forward instruments valuation (forward forex, FRAs and variants, swaps & futures);- Second, the probabilistic world, starting with the basis of stochastic calculus and the alternative approach of ARMA to GARCH, and continuing with derivative pricing: options, second generation options, volatility, credit derivatives;- This second part is completed by a chapter dedicated to market performance & risk measures, and a chapter widening the scope of quantitative models beyond the Gaussian hypothesis and evidencing the potential troubles linked to derivative pricing models.
Mathematics to the Rescue of Democracy: What does Voting Mean and How can it be Improved?
by Paolo SerafiniThis book explains, in a straightforward way, the foundations upon which electoral techniques are based in order to shed new light on what we actually do when we vote. The intention is to highlight the fact that no matter how an electoral system has been designed, and regardless of the intentions of those who devised the system, there will be goals that are impossible to achieve but also opportunities for improving the situation in an informed way. While detailed descriptions of electoral systems are not provided, many references are made to current or past situations, both as examples and to underline particular problems and shortcomings. In addition, a new voting method that avoids the many paradoxes of voting theory is described in detail. While some knowledge of mathematics is required in order to gain the most from the book, every effort has been made to ensure that the subject matter is easily accessible for non-mathematicians, too. In short, this is a book for anyone who wants to understand the meaning of voting.
Mathematics, Administrative and Economic Activities in Ancient Worlds (Why the Sciences of the Ancient World Matter #5)
by Karine Chemla Cécile MichelThis book focuses on the ancient Near East, early imperial China, South-East Asia, and medieval Europe, shedding light on mathematical knowledge and practices documented by sources relating to the administrative and economic activities of officials, merchants and other actors. It compares these to mathematical texts produced in related school contexts or reflecting the pursuit of mathematics for its own sake to reveal the diversity of mathematical practices in each of these geographical areas of the ancient world. Based on case studies from various periods and political, economic and social contexts, it explores how, in each part of the world discussed, it is possible to identify and describe the different cultures of quantification and computation as well as their points of contact. The thirteen chapters draw on a wide variety of texts from ancient Near East, China, South-East Asia and medieval Europe, which are analyzed by researchers from various fields, including mathematics, history, philology, archaeology and economics. The book will appeal to historians of science, economists and institutional historians of the ancient and medieval world, and also to Assyriologists, Indologists, Sinologists and experts on medieval Europe.
Mathematics: For Business and Personal Finance
by Temoleon G. Rousos Walter H. LangeNew Mathematics for Business and Personal Finance is the only text on the market that offers teachers point-of-use online professional development, interactive online help for students and the option of purchasing an interactive online text with a grade book. As always, we have maintained our exclusive coverage of key core academic content, and our research-based reading strategies. When it comes to helping students and making life easier for teachers, Glencoe is number one!.
Mathematics: The Easy Way to Learn Maths
by Hugh Neill Trevor JohnsonMaths does not have to be difficult. This book, complete with exercises and answers, forms a course which will take you from beginner or intermediate level to being a confident mathematician. This book includes: simple step-by-step explanations, to help you grasp new topics or those that have previously confused you; practice questions throughout, to help you embed your learning and improve your confidence; and end of chapter summaries, to help you remember the key points you've learned - all in one great-value book, so you don't need any separate workbooks or coursebooks.Chapters include: number; angles; fractions; two-dimensional shapes; decimals; statisticsl directed numbers; graphs; measurement; perimeter and area; algebraic expressions; approximations; equations; percentages; formulae; circles; probability; three-dimensional shapes; ratio and proportion; pythagoras' theorem and trigonometry; indices and standard form.ABOUT THE SERIESThe Complete Introduction series from Teach Yourself is the ultimate one-stop guide for anyone wanting a comprehensive and accessible entry point into subjects as diverse as philosophy, mathematics, psychology, Shakespeare and practical electronics. Loved by students and perfect for general readers who simply want to learn more about the world around them, these books are your first choice for discovering something new.
Mathematik für Manager: Erfolg durch Mathematisches Denken
by Ulrich HolzbaurDieses Werk befasst sich mit dem mathematischen Denken als Erfolgsfaktor für das Management. Er leitet zur Nutzung einfacher und fortgeschrittener mathematischer Methoden, zum Verständnis mathematischer Modelle und zum mathematischen Denken generell an. Im Mittelpunkt stehen die fünf wichtigen mathematischen Aspekte des Managements: Struktur und Zusammenhang, Zahl und Dimension, Zufall und Wahrscheinlichkeit, Dynamik und Zeit sowie Ziel und Entscheidung. Diese werden mit den Feldern der klassischen Mathematik verknüpft. Zwei umfangreichere Beispiele runden das Ganze ab.
Mathematik für Wirtschaftswissenschaftler für Dummies (Für Dummies)
by Mark Ryan Mary Jane Sterling Michelle Rose Gilman Christopher Burger Krystle Rose Forseth Timm Sigg Jürgen Faik Deborah RumseySuchen Sie eine verständliche und anschauliche Einführung in die Teile der Mathematik, die Sie als Student der Wirtschaftswissenschaften beherrschen müssen? Jürgen Faik frischt zunächst Ihr Schulwissen auf und begleitet Sie dann in gewohnt verständlicher und anschaulicher Dummies-Manier durch Analysis, Lineare Algebra, Statistik und Finanzmathematik. Übungen am Ende jedes Kapitels helfen Ihnen, das Gelernte gleich anzuwenden. Schon bald werden Sie mit Leichtigkeit Integrale berechnen, Gleichungssysteme lösen und Zinseszinsen berechnen.
Mathematik für Wirtschaftswissenschaftler: In 60 fachübergreifenden Vorlesungen präsentiert (Studienbücher Wirtschaftsmathematik)
by Vladimir ShikhmanDieses Lehrbuch präsentiert in 60 Kapiteln (Vorlesungseinheiten) eine Fülle interessanter ökonomischer Problemstellungen, die mathematisch ausführlich unterlegt werden. Die Gliederung ist sehr benutzerfreundlich sowohl für Studierende als auch für Lehrende und eignet sich gut für einen kompletten Vorlesungszyklus. Jedes Kapitel, das einer anderthalbstündigen Vorlesung entspricht, ist aufgeteilt in die drei Abschnitte Ökonomische Fragestellung – Mathematisches Modell – Schlussfolgerungen und Fazit. Die Beispiele kommen aus wichtigen Teilgebieten der Wirtschaftswissenschaften wie z.B. Mikro- und Makroökonomie, Marketing, Finanzwesen, Big Data Analytics, Controlling, Ökonometrie, internationaler Handel, Wirtschaftspolitik, Kundenmanagement. Das didaktische Konzept fußt auf dem Prinzip der Interdisziplinarität. Das Wechselspiel wirtschaftswissenschaftlicher Fragestellungen und mathematischer Methoden zeichnet dieses Lehrbuch in besonderer Weise aus. Zur primären Zielgruppe gehören angehende Wirtschaftswissenschaftler und -informatiker, die sich eine mathematische Grundausbildung aneignen möchten. Wegen der Vielzahl der betrachteten Modelle ist das Buch auch für ökonomisch interessierte Mathematiker und generell für mathematisch-ökonomisch Interessierte sehr nützlich.
Mathematik für Ökonomen: Ökonomische Anwendungen der linearen Algebra und Analysis mit Scilab
by Riza Öztürk Wolfgang KohnIn diesem Buch finden Studierende aller wirtschaftswissenschaftlichen Studiengänge eine verständliche Einführung in die für sie relevanten mathematischen Methoden. Der Text ist in drei Teile gegliedert:GrundlagenLineare Algebra mit den Schwerpunkten lineare Gleichungssysteme und lineare OptimierungAnalysis mit den Schwerpunkten Finanzmathematik und Differentialrechnung Neben einer praxisnahen Motivation der Inhalte bietet das Buch auch zahlreiche Beispiele und Übungen mit Lösungen. Außerdem wird die klassische Anwendung der mathematischen Verfahren durch die Anwendung des Open-Source-Programms Scilab ergänzt und veranschaulicht. Die einzelnen Schritte dazu sind im Text beschrieben, was einen leichten Zugang zu dem Programm ermöglicht. Die 4. überarbeitete und ergänzte Auflage ist nun um einen Abschnitt über ganzzahlige lineare Optimierung ergänzt.
Mathematik im Betrieb: Praxisbezogene Einführung mit Beispielen
by Heinrich Holland Doris HollandDieses bewährte, pragmatisch orientierte Standardwerk deckt den gesamten Stoff der Vorlesung Wirtschaftsmathematik im Bachelorstudium einschließlich der Finanzmathematik ab. Im Vordergrund stehen die tatsächlichen Anwendungsmöglichkeiten der Mathematik in den Wirtschaftswissenschaften, nicht die mathematische Eleganz und Beweisführung. Übersichtlich strukturierte Schemata erleichtern die Umsetzung ökonomischer Verfahren. Schritt für Schritt wird der Stoff anhand vieler ökonomischer Beispiele erklärt. Zahlreiche zusätzliche Musteraufgaben erleichtern das selbstständige Erarbeiten. Eine umfassende Fallstudie wiederholt den behandelten Stoff anhand einer betriebswirtschaftlichen Unternehmenssituation. In einem Kapitel mit Musterklausuren kann geübt und der Wissensstand anhand der mitgelieferten Lösungen überprüft werden. Zusätzliche Aufgaben per App: Käufer des Buches können die Springer Nature Flashcards-App kostenlos herunterladen und exklusiv mit über 100 Aufgabenstellungen inklusive "Eselsbrücken" und ausführlichen Erklärungen zur Lösung ihr Wissen prüfen.
Mathematische Optimierung: Eine Einführung in die kontinuierliche Optimierung mit Beispielen (essentials)
by Martin PieperDas essential gibt Bachelor- und Masterstudierenden der Ingenieur- und Naturwissenschaften sowie der Wirtschaftswissenschaften eine kurze, anschauliche Einf#65533;hrung in die mathematische Optimierung. Anhand zahlreicher Beispiele werden die Grundbegriffe und Kernaussagen der kontinuierlichen Optimierung erl#65533;utert und angewendet. Es werden sowohl Optimierungsprobleme mit und ohne Nebenbedingungen als auch mehrkriterielle Probleme mit mehr als einer Zielfunktion behandelt.
Matheuristics: Algorithms and Implementations (EURO Advanced Tutorials on Operational Research)
by Thomas Stützle Vittorio Maniezzo Marco Antonio BoschettiThis book is the first comprehensive tutorial on matheuristics. Matheuristics are based on mathematical extensions of previously known heuristics, mainly metaheuristics, and on original, area-specific approaches. This tutorial provides a detailed discussion of both contributions, presenting the pseudocodes of over 40 algorithms, abundant literature references, and for each case a step-by-step description of a sample run on a common Generalized Assignment Problem example. C++ source codes of all algorithms are available in an associated SW repository.
Matriarch: Beyoncé’s mother tells her story for the first time ever
by Tina KnowlesTo understand the icons Beyoncé, Solange and Kelly, you have to understand where they came from... A deeply personal and revelatory memoir by Ms Tina Knowles - as you've never seen her before.Tina Knowles, the mother of icons Beyoncé Knowles-Carter, Solange Knowles and bonus daughter Kelly Rowland, is known the world over as a Matriarch with a capital M: the woman who raised and inspired some of the great artists of our time. But this story is about so much more than that.For the first time ever, Tina Knowles shares her remarkable story in Matriarch. A life of grief and tragedy, love and heartbreak, the nurturing of her superstar daughters - and the perseverance and audacity it takes for a girl from Galveston, Texas to change the world.This intimate and revealing memoir is a multigenerational family saga and a celebration of the wisdom that women, mothers and daughters pass on to each other across generations.A glorious chronicle of a life like none other and a testament to the world-changing power of Black motherhood.
Matriarch: Beyoncé’s mother tells her story for the first time ever
by Tina KnowlesTo understand the icons Beyoncé, Solange and Kelly, you have to understand where they came from... A deeply personal and revelatory memoir by Ms Tina Knowles - as you've never seen her before.Tina Knowles, the mother of icons Beyoncé Knowles-Carter, Solange Knowles and bonus daughter Kelly Rowland, is known the world over as a Matriarch with a capital M: the woman who raised and inspired some of the great artists of our time. But this story is about so much more than that.For the first time ever, Tina Knowles shares her remarkable story in Matriarch. A life of grief and tragedy, love and heartbreak, the nurturing of her superstar daughters - and the perseverance and audacity it takes for a girl from Galveston, Texas to change the world.This intimate and revealing memoir is a multigenerational family saga and a celebration of the wisdom that women, mothers and daughters pass on to each other across generations.A glorious chronicle of a life like none other and a testament to the world-changing power of Black motherhood.
Matrix Capital Management (A)
by David Lane Malcolm P. BakerBen Balbale, a partner at hedge fund Matrix Capital, must decide whether to exit their investment in Rovi Corporation, a company with a diverse portfolio of patents used primarily for digital interactive guides. Rovi's shares are up over 50% from the time Balbale initiated a position in the middle of 2009.
Matrix Management: Not a Structure, a Frame of Mind
by Christopher A. Bartlett Sumantra GhoshalIn many companies, strategic thinking has outdistanced organizational capability. Often these companies make the mistake of adopting elaborate organizational matrices that actually impair their ability to implement sophisticated strategies. Keeping a company strategically agile while still coordinating its activities across divisions, even continents, means eliminating parochialism, improving communication, and weaving the decision-making process into the company's social fabric. The goal is to build a matrix of corporate values and priorities in the minds of managers and let them make the judgments and negotiate the deals that make strategy pay off.
Matrix-Analytic Methods in Stochastic Models
by Jay Sethuraman Mark S. Squillante Vaidyanathan Ramaswami Karl Sigman Guy Latouche David YaoMatrix-analytic and related methods have become recognized as an important and fundamental approach for the mathematical analysis of general classes of complex stochastic models. Research in the area of matrix-analytic and related methods seeks to discover underlying probabilistic structures intrinsic in such stochastic models, develop numerical algorithms for computing functionals (e.g., performance measures) of the underlying stochastic processes, and apply these probabilistic structures and/or computational algorithms within a wide variety of fields. This volume presents recent research results on: the theory, algorithms and methodologies concerning matrix-analytic and related methods in stochastic models; and the application of matrix-analytic and related methods in various fields, which includes but is not limited to computer science and engineering, communication networks and telephony, electrical and industrial engineering, operations research, management science, financial and risk analysis, and bio-statistics. These research studies provide deep insights and understanding of the stochastic models of interest from a mathematics and/or applications perspective, as well as identify directions for future research.
Matrix-Based Introduction to Multivariate Data Analysis
by Kohei AdachiThis is the first textbook that allows readers who may be unfamiliar with matrices to understand a variety of multivariate analysis procedures in matrix forms. By explaining which models underlie particular procedures and what objective function is optimized to fit the model to the data, it enables readers to rapidly comprehend multivariate data analysis. Arranged so that readers can intuitively grasp the purposes for which multivariate analysis procedures are used, the book also offers clear explanations of those purposes, with numerical examples preceding the mathematical descriptions.Supporting the modern matrix formulations by highlighting singular value decomposition among theorems in matrix algebra, this book is useful for undergraduate students who have already learned introductory statistics, as well as for graduate students and researchers who are not familiar with matrix-intensive formulations of multivariate data analysis.The book begins by explaining fundamental matrix operations and the matrix expressions of elementary statistics. Then, it offers an introduction to popular multivariate procedures, with each chapter featuring increasing advanced levels of matrix algebra. Further the book includes in six chapters on advanced procedures, covering advanced matrix operations and recently proposed multivariate procedures, such as sparse estimation, together with a clear explication of the differences between principal components and factor analyses solutions. In a nutshell, this book allows readers to gain an understanding of the latest developments in multivariate data science.
Matrix-Based Introduction to Multivariate Data Analysis
by Kohei AdachiThis book enables readers who may not be familiar with matrices to understand a variety of multivariate analysis procedures in matrix forms. Another feature of the book is that it emphasizes what model underlies a procedure and what objective function is optimized for fitting the model to data. The author believes that the matrix-based learning of such models and objective functions is the fastest way to comprehend multivariate data analysis. The text is arranged so that readers can intuitively capture the purposes for which multivariate analysis procedures are utilized: plain explanations of the purposes with numerical examples precede mathematical descriptions in almost every chapter. This volume is appropriate for undergraduate students who already have studied introductory statistics. Graduate students and researchers who are not familiar with matrix-intensive formulations of multivariate data analysis will also find the book useful, as it is based on modern matrix formulations with a special emphasis on singular value decomposition among theorems in matrix algebra. The book begins with an explanation of fundamental matrix operations and the matrix expressions of elementary statistics, followed by the introduction of popular multivariate procedures with advancing levels of matrix algebra chapter by chapter. This organization of the book allows readers without knowledge of matrices to deepen their understanding of multivariate data analysis.
Matsushita Leadership
by John P. KotterHe was one of the most inspirational role models of all time. Thrown into poverty at age four, Konosuke Matsushita (Mat-SOSH-ta) struggled with the early deaths of family members, an apprenticeship which demanded sixteen-hour days at age nine, all the problems associated with starting a business with neither money nor connections, the death of his only son, the Great Depression, the horror of World War II in Japan, and more. Yet John P. Kotter shows in this fascinating and instructive book how, instead of being ground down by these hardships, Matsushita grew to be a fabulously successful entrepreneur and business leader, the founder of Japan's General Electric: the $65 billion a year Matsushita Electric Corporation. His accomplishments as a leader, author, educator, philanthropist, and management innovator are astonishing, and outshine even Soichiro Honda, J. C. Penney, Sam Walton, and Henry Ford. In this immensely readable book, Kotter relates how Matsushita created a large business, invented management practices that are increasingly being used today, helped lead his country's economic miracle after World War II wrote dozens of books in his latter years, founded a graduate school of leadership, created Japan's version of a Nobel Prize, and gave away hundreds of millions to good causes. The Matsushita story expands our notion of the possible, even for a sickly youngster who did not have the benefit of a privileged background, education, good looks, or a charismatic presence. It tells us much about leadership, entrepreneurship, a drive for lifelong learning, and their roots. It demonstrates the power of a longterm outlook, idealistic goals, and humility in the face of great success. Matsushita Leadershipis both a biography and a set of lessons for careers and corporations in the 21st century. An inspirational story and a business primer, the implications are powerful, for organizations and for living a meaningful life.
Matsushita Leadership: Lessons from the 20th Century's Most Remarkable Entrepreneur
by John P. KotterHe was one of the most inspirational role models of all time. Thrown into poverty at age four, Konosuke Matsushita (Mat-SOSH-ta) struggled with the early deaths of family members, an apprenticeship which demanded sixteen-hour days at age nine, all the problems associated with starting a business with neither money nor connections, the death of his only son, the Great Depression, the horror of World War II in Japan, and more. Yet John P. Kotter shows in this fascinating and instructive book how, instead of being ground down by these hardships, Matsushita grew to be a fabulously successful entrepreneur and business leader, the founder of Japan's General Electric: the $65 billion a year Matsushita Electric Corporation.His accomplishments as a leader, author, educator, philanthropist, and management innovator are astonishing, and outshine even Soichiro Honda, J.C. Penney, Sam Walton, and Henry Ford. In this immensely readable book, Kotter relates how Matsushita created a large business, invented management practices that are increasingly being used today, helped lead his country's economic miracle after World War II wrote dozens of books in his latter years, founded a graduate school of leadership, created Japan's version of a Nobel Prize, and gave away hundreds of millions to good causes.The Matsushita story expands our notion of the possible, even for a sickly youngster who did not have the benefit of a privileged background, education, good looks, or a charismatic presence. It tells us much about leadership, entrepreneurship, a drive for lifelong learning, and their roots. It demonstrates the power of a longterm outlook, idealistic goals, and humility in the face of great success.Matsushita Leadership is both a biography and a set of lessons for careers and corporations in the 21st century. An inspirational story and a business primer, the implications are powerful, for organizations and for living a meaningful life.
Matt Leeds (A)
by Linda A. HillA new associate in a consulting firm attempts to navigate his way through the norms and culture of a new setting and to manage his relationships with his superiors and peers, which got off to a poor start. PLEASE NOTE: This case was revised in January 2014. Some language and incidents have been lightly edited, to bring the case up-to-date.
Matter of Trust: The Practice of Ethics in Finance
by Clare Payne Paul KofmanFrom the marble trading floors of Wall Street to the dirt floor of a microfinance lender in rural Sumatra, finance touches everybody's lives. From small personal loans to collateralised debt obligations, it promises solutions for a better, more prosperous future. But not much in life is guaranteed, and financial outcomes may not match consumer expectations. When trust between practitioners and their clients is undermined it threatens the very fabric of our financial system. The result can be personal disappointment, but the financial crisis of 2007-08 highlighted how we can all be affected when economies are jeopardised by financial mismanagement.A Matter of Trust explores how the finance sector can stand as a true profession and provides a practical guide to make everyday business decisions in an ethically sound way.
Matter: Move Beyond the Competition, Create More Value, and Become the Obvious Choice
by Peter Sheahan Julie WilliamsonPeople want to buy from, work for, and partner with companies that matter.So how do you build a company that matters?Companies and people that matter have successfully become the obvious choice in the hearts and minds of their customers, their employees, and their communities. They elevate themselves by consistently finding ways to solve the most pressing needs their markets face. The result? They create more value year after year and build a sustainable, differentiated organization.In Matter, Peter Sheahan and Julie Williamson show you how to identify the place where you can create the most value-your edge of disruption-at the intersection of old and new, where your existing profits, reach, and reputation enable you to create the markets of the future. This is the place where the most important problems are solved and where the fewest people can solve them. Your edge of disruption is where your opportunity to matter is found.Matter uses extensive case studies of real companies that have successfully become the obvious choice in their markets-from high-profile corporations like Adobe and Burberry to lesser-known brands like Littlefield and BlueShore Financial. Their stories define innovative and impactful approaches to business that you can use to influence and partner with the right customers and clients to win in our radically changing world. Through their journeys, you will find the inspiration and courage to lean in to complexity and solve the higher value problems that matter most.Don't just read this book-use it to identify and act on opportunities to create the most value and accelerate your own journey to becoming a person and a company that matters.invest beyond your four walls. Start the exciting journey and become a business that is stronger, elevated . . . simply, better.