Algorithmic Differentiation in Finance Explained

Algorithmic Differentiation in Finance Explained PDF

Author: Marc Henrard

Publisher: Springer

Published: 2017-09-04

Total Pages: 103

ISBN-13: 3319539795

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This book provides the first practical guide to the function and implementation of algorithmic differentiation in finance. Written in a highly accessible way, Algorithmic Differentiation Explained will take readers through all the major applications of AD in the derivatives setting with a focus on implementation. Algorithmic Differentiation (AD) has been popular in engineering and computer science, in areas such as fluid dynamics and data assimilation for many years. Over the last decade, it has been increasingly (and successfully) applied to financial risk management, where it provides an efficient way to obtain financial instrument price derivatives with respect to the data inputs. Calculating derivatives exposure across a portfolio is no simple task. It requires many complex calculations and a large amount of computer power, which in prohibitively expensive and can be time consuming. Algorithmic differentiation techniques can be very successfully in computing Greeks and sensitivities of a portfolio with machine precision. Written by a leading practitioner who works and programmes AD, it offers a practical analysis of all the major applications of AD in the derivatives setting and guides the reader towards implementation. Open source code of the examples is provided with the book, with which readers can experiment and perform their own test scenarios without writing the related code themselves.

Differentiation and the Brain

Differentiation and the Brain PDF

Author: David A. Sousa

Publisher: Solution Tree Press

Published: 2011-02-25

Total Pages: 380

ISBN-13: 1935543350

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Examine the basic principles of differentiation in light of what current research on educational neuroscience has revealed. This research pool offers information and insights that can help educators decide whether certain curricular, instructional, and assessment choices are likely to be more effective than others. Learn how to implement differentiation so that it achieves the desired result of shared responsibility between teacher and student.

Sales Differentiation

Sales Differentiation PDF

Author: Lee B. Salz

Publisher: HarperChristian + ORM

Published: 2018-09-18

Total Pages: 209

ISBN-13: 0814439918

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"If we don't drop our price, we will lose the deal." That's the desperate cry from salespeople as they try to win deals in competitive marketplaces. While the easy answer is to lower the price, the company sacrifices margin--oftentimes unnecessarily. To win deals at the prices you want,the strategy needed is differentiation. Most executives think marketing is the sole source of differentiation. But what about the sales function of the company? This commonly neglected differentiation opportunity provides a multitude of ways to stand out from the competition. This groundbreaking book teaches you how to develop those strategies. In Sales Differentiation, sales management strategist, Lee B. Salz presents nineteen easy-to-implement concepts to help salespeople win deals while protecting margins. These concepts apply to any salesperson in any industry and are based on the foundation that "how you sell, not just what you sell, differentiates you." The strategies are presented in easy-to-understand stories and can quickly be put into practice. Divided into two sections, the "what you sell" chapters help salespeople: Recognize that the expression "we are the best" causes differentiation to backfire. Avoid the introspective question that frustrates salespeople and ask the right question to fire them up. Understand what their true differentiators are and how to effectively position them with buyers. Find differentiators in every nook and cranny of the company using the six components of the "Sales Differentiation Universe." Create strategies to position differentiators so buyers see value in them. The "how you sell" section teaches salespeople how to provide meaningful value to buyers and differentiate themselves in every stage of the sales process. This section helps salespeople: Develop strategies to engage buyers and turn buyer objections into sales differentiation opportunities. Shape buyer decision criteria around differentiators. Turn a commoditized Request for Proposal (RFP) process into a differentiation opportunity. Use a buyer request for references as a way to stand out from the competition. Leverage the irrefutable, most powerful differentiator...themselves. Whether you've been selling for twenty years or are new to sales, the tools you learn in Sales Differentiation will help you knock-out the competition, build profitable new relationships, and win deals at the prices you want.

Algorithmic Differentiation of Pragma-Defined Parallel Regions

Algorithmic Differentiation of Pragma-Defined Parallel Regions PDF

Author: Michael Förster

Publisher: Springer

Published: 2014-10-09

Total Pages: 411

ISBN-13: 365807597X

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Numerical programs often use parallel programming techniques such as OpenMP to compute the program's output values as efficient as possible. In addition, derivative values of these output values with respect to certain input values play a crucial role. To achieve code that computes not only the output values simultaneously but also the derivative values, this work introduces several source-to-source transformation rules. These rules are based on a technique called algorithmic differentiation. The main focus of this work lies on the important reverse mode of algorithmic differentiation. The inherent data-flow reversal of the reverse mode must be handled properly during the transformation. The first part of the work examines the transformations in a very general way since pragma-based parallel regions occur in many different kinds such as OpenMP, OpenACC, and Intel Phi. The second part describes the transformation rules of the most important OpenMP constructs.

Active Calculus 2018

Active Calculus 2018 PDF

Author: Matthew Boelkins

Publisher: Createspace Independent Publishing Platform

Published: 2018-08-13

Total Pages: 560

ISBN-13: 9781724458322

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Active Calculus - single variable is a free, open-source calculus text that is designed to support an active learning approach in the standard first two semesters of calculus, including approximately 200 activities and 500 exercises. In the HTML version, more than 250 of the exercises are available as interactive WeBWorK exercises; students will love that the online version even looks great on a smart phone. Each section of Active Calculus has at least 4 in-class activities to engage students in active learning. Normally, each section has a brief introduction together with a preview activity, followed by a mix of exposition and several more activities. Each section concludes with a short summary and exercises; the non-WeBWorK exercises are typically involved and challenging. More information on the goals and structure of the text can be found in the preface.

Differentiation for Gifted and Talented Students

Differentiation for Gifted and Talented Students PDF

Author: Carol Ann Tomlinson

Publisher: Corwin Press

Published: 2004-03-06

Total Pages: 273

ISBN-13: 1483363279

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Focusing on the link between gifted education and general education, this resource discusses the benefits of differentiating curriculum and instruction.

The Routledge Handbook of Differentiation in the European Union

The Routledge Handbook of Differentiation in the European Union PDF

Author: Benjamin Leruth

Publisher: Routledge

Published: 2022-05-11

Total Pages: 787

ISBN-13: 042962414X

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The Routledge Handbook of Differentiation in the European Union offers an essential collection of groundbreaking chapters reflecting on the causes and consequences of this complex phenomenon. With contributions from key experts in this subfield of European Studies, it will become a key volume used for those interested in learning the nuts and bolts of differentiation as a mechanism of (dis)integration in the European Union, especially in the light of Brexit. Organised around five key themes, it offers an authoritative "encyclopaedia" of differentiation and addresses questions such as: How can one define differentiation in the European Union in the light of the most recent events? Does differentiation create more challenges or opportunities for the European Union? Is Europe moving away from an "ever closer Union" and heading towards an "ever more differentiated Union", especially as leading political figures across Europe favour the use of differentiation to reconcile divergences between member states? This handbook is essential reading and an authoritative reference for scholars, students, researchers and practitioners involved in, and actively concerned about, research in the study of European integration. As European differentiation is multifaceted and involves a wide range of actors and policies, it will be of further interest to those working on countries and/or in policy areas where differentiation is an increasingly relevant feature. The Introduction and chapters 13, 21, 30, and 35 of this book is available for free in PDF format as Open Access from the individual product page at www.routledge.com. It has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.

Dyadic Walsh Analysis from 1924 Onwards Walsh-Gibbs-Butzer Dyadic Differentiation in Science Volume 1 Foundations

Dyadic Walsh Analysis from 1924 Onwards Walsh-Gibbs-Butzer Dyadic Differentiation in Science Volume 1 Foundations PDF

Author: Radomir Stankovic

Publisher: Springer

Published: 2015-12-29

Total Pages: 455

ISBN-13: 9462391602

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Dyadic (Walsh) analysis emerged as a new research area in applied mathematics and engineering in early seventies within attempts to provide answers to demands from practice related to application of spectral analysis of different classes of signals, including audio, video, sonar, and radar signals. In the meantime, it evolved in a mature mathematical discipline with fundamental results and important features providing basis for various applications. The book will provide fundamentals of the area through reprinting carefully selected earlier publications followed by overview of recent results concerning particular subjects in the area written by experts, most of them being founders of the field, and some of their followers. In this way, this first volume of the two volume book offers a rather complete coverage of the development of dyadic Walsh analysis, and provides a deep insight into its mathematical foundations necessary for consideration of generalizations and applications that are the subject of the second volume. The presented theory is quite sufficient to be a basis for further research in the subject area as well as to be applied in solving certain new problems or improving existing solutions for tasks in the areas which motivated development of the dyadic analysis.