Decision Technologies for Computational Finance

Decision Technologies for Computational Finance PDF

Author: Apostolos-Paul N. Refenes

Publisher: Springer Science & Business Media

Published: 2013-12-01

Total Pages: 472

ISBN-13: 1461556252

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This volume contains selected papers that were presented at the International Conference COMPUTATIONAL FINANCE 1997 held at London Business School on December 15-17 1997. Formerly known as Neural Networks in the Capital Markets (NNCM), this series of meetings has emerged as a truly multi-disciplinary international conference and provided an international focus for innovative research on the application of a multiplicity of advanced decision technologies to many areas of financial engineering. It has drawn upon theoretical advances in financial economics and robust methodological developments in the statistical, econometric and computer sciences. To reflect its multi-disciplinary nature, the NNCM conference has adopted the new title COMPUTATIONAL FINANCE. The papers in this volume are organised in six parts. Market Dynamics and Risk, Trading and Arbitrage strategies, Volatility and Options, Term-Structure and Factor models, Corporate Distress Models and Advances on Methodology. This years' acceptance rate (38%) reflects both the increasing interest in the conference and the Programme Committee's efforts to improve the quality of the meeting year-on-year. I would like to thank the members of the programme committee for their efforts in refereeing the papers. I also would like to thank the members of the computational finance group at London Business School and particularly Neil Burgess, Peter Bolland, Yves Bentz, and Nevil Towers for organising the meeting.

Decision Technologies For Financial Engineering - Proceedings Of The Fourth International Conference On Neural Networks In The Capital Markets (Nncm '96)

Decision Technologies For Financial Engineering - Proceedings Of The Fourth International Conference On Neural Networks In The Capital Markets (Nncm '96) PDF

Author: Yaser Abu-mostafa

Publisher: World Scientific

Published: 1998-01-02

Total Pages: 442

ISBN-13: 9814546216

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This volume selects the best contributions from the Fourth International Conference on Neural Networks in the Capital Markets (NNCM). The conference brought together academics from several disciplines with strategists and decision makers from the financial industries.The various chapters present and compare new techniques from many areas including data mining, information systems, machine learning, and statistical artificial intelligence. The volume focuses on evaluating their usefulness for problems in computational finance and financial engineering.Applications — risk management; asset allocation; dynamic trading and hedging; forecasting; trading cost control. Markets — equity; foreign exchange; bond; commodity; derivatives; Approaches — data mining; statistical AI; machine learning; Monte Carlo simulation; bootstrapping; genetic algorithms; nonparametric methods; fuzzy logic.The chapters emphasizes in-depth and comparative evaluation with established approaches.

Decision Technologies for Financial Engineering

Decision Technologies for Financial Engineering PDF

Author: Andreas S. Weigend

Publisher: World Scientific Publishing Company Incorporated

Published: 1997

Total Pages: 417

ISBN-13: 9789810231231

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This volume selects the best contributions from the Fourth International Conference on Neural Networks in the Capital Markets (NNCM). The conference brought together academics from several disciplines with strategists and decision makers from the financial industries.The various chapters present and compare new techniques from many areas including data mining, information systems, machine learning, and statistical artificial intelligence. The volume focuses on evaluating their usefulness for problems in computational finance and financial engineering.Applications — risk management; asset allocation; dynamic trading and hedging; forecasting; trading cost control. Markets — equity; foreign exchange; bond; commodity; derivatives; Approaches — data mining; statistical AI; machine learning; Monte Carlo simulation; bootstrapping; genetic algorithms; nonparametric methods; fuzzy logic.The chapters emphasizes in-depth and comparative evaluation with established approaches.

Intelligent Decision Aiding Systems Based on Multiple Criteria for Financial Engineering

Intelligent Decision Aiding Systems Based on Multiple Criteria for Financial Engineering PDF

Author: Constantin Zopounidis

Publisher: Springer Science & Business Media

Published: 2013-11-27

Total Pages: 230

ISBN-13: 146154663X

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This book provides a new point of view on the field of financial engineering, through the application of multicriteria intelligent decision aiding systems. The aim of the book is to provide a review of the research in the area and to explore the adequacy of the tools and systems developed according to this innovative approach in addressing complex financial decision problems, encountered within the field of financial engineering. Audience: Researchers and professionals such as financial managers, financial engineers, investors, operations research specialists, computer scientists, management scientists and economists.

State-Space Approaches for Modelling and Control in Financial Engineering

State-Space Approaches for Modelling and Control in Financial Engineering PDF

Author: Gerasimos G. Rigatos

Publisher: Springer

Published: 2017-04-04

Total Pages: 329

ISBN-13: 3319528661

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The book conclusively solves problems associated with the control and estimation of nonlinear and chaotic dynamics in financial systems when these are described in the form of nonlinear ordinary differential equations. It then addresses problems associated with the control and estimation of financial systems governed by partial differential equations (e.g. the Black–Scholes partial differential equation (PDE) and its variants). Lastly it an offers optimal solution to the problem of statistical validation of computational models and tools used to support financial engineers in decision making. The application of state-space models in financial engineering means that the heuristics and empirical methods currently in use in decision-making procedures for finance can be eliminated. It also allows methods of fault-free performance and optimality in the management of assets and capitals and methods assuring stability in the functioning of financial systems to be established. Covering the following key areas of financial engineering: (i) control and stabilization of financial systems dynamics, (ii) state estimation and forecasting, and (iii) statistical validation of decision-making tools, the book can be used for teaching undergraduate or postgraduate courses in financial engineering. It is also a useful resource for the engineering and computer science community

Expert Systems in Finance

Expert Systems in Finance PDF

Author: Noura Metawa

Publisher: Routledge

Published: 2019-05-10

Total Pages: 14

ISBN-13: 042965930X

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Throughout the industry, financial institutions seek to eliminate cumbersome authentication methods, such as PINs, passwords, and security questions, as these antiquated tactics prove increasingly weak. Thus, many organizations now aim to implement emerging technologies in an effort to validate identities with greater certainty. The near instantaneous nature of online banking, purchases, transactions, and payments puts tremendous pressure on banks to secure their operations and procedures. In order to reduce the risk of human error in financial domains, expert systems are seen to offer a great advantage in big data environments. Besides their efficiency in quantitative analysis such as profitability, banking management, and strategic financial planning, expert systems have successfully treated qualitative issues including financial analysis, investment advisories, and knowledge-based decision support systems. Due to the increase in financial applications’ size, complexity, and number of components, it is no longer practical to anticipate and model all possible interactions and data processing in these applications using the traditional data processing model. The emergence of new research areas is clear evidence of the rise of new demands and requirements of modern real-life applications to be more intelligent. This book provides an exhaustive review of the roles of expert systems within the financial sector, with particular reference to big data environments. In addition, it offers a collection of high-quality research that addresses broad challenges in both theoretical and application aspects of intelligent and expert systems in finance. The book serves to aid the continued efforts of the application of intelligent systems that respond to the problem of big data processing in a smart banking and financial environment.

Handbook of Financial Engineering

Handbook of Financial Engineering PDF

Author: Constantin Zopounidis

Publisher: Springer Science & Business Media

Published: 2010-07-25

Total Pages: 494

ISBN-13: 0387766820

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This comprehensive handbook discusses the most recent advances within the field of financial engineering, focusing not only on the description of the existing areas in financial engineering research, but also on the new methodologies that have been developed for modeling and addressing financial engineering problems. The book is intended for financial engineers, researchers, applied mathematicians, and graduate students interested in real-world applications to financial engineering.

Intelligent Decision Technologies

Intelligent Decision Technologies PDF

Author: Ireneusz Czarnowski

Publisher: Springer Nature

Published: 2020-06-11

Total Pages: 525

ISBN-13: 9811559252

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This book gathers selected papers from the KES-IDT-2020 Conference, held as a Virtual Conference on June 17–19, 2020. The aim of the annual conference was to present and discuss the latest research results, and to generate new ideas in the field of intelligent decision-making. However, the range of topics discussed during the conference was definitely broader and covered methods in e.g. classification, prediction, data analysis, big data, data science, decision support, knowledge engineering, and modeling in such diverse areas as finance, cybersecurity, economics, health, management and transportation. The Problems in Industry 4.0 and IoT are also addressed. The book contains several sections devoted to specific topics, such as Intelligent Data Processing and its Applications High-Dimensional Data Analysis and its Applications Multi-Criteria Decision Analysis – Theory and Applications Large-Scale Systems for Intelligent Decision-Making and Knowledge Engineering Decision Technologies and Related Topics in Big Data Analysis of Social and Financial Issues Decision-Making Theory for Economics

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