By Giorgio Consigli,Daniel Kuhn,Paolo Brandimarte

The scope of this quantity is essentially to research from various methodological views  similar valuation and optimization difficulties coming up in monetary functions, aimed toward facilitating a theoretical and computational integration among tools principally considered as possible choices. more and more in recent times, monetary administration difficulties resembling strategic asset allocation, asset-liability administration, in addition to asset pricing difficulties, have  been awarded within the literature adopting formula and resolution ways rooted in stochastic programming, powerful optimization, stochastic dynamic programming (including approximate SDP) equipment, in addition to coverage rule optimization, heuristic methods and others. the purpose of the amount is to facilitate the comprehension of  the modeling and methodological potentials of these equipment, therefore their universal assumptions and peculiarities, counting on comparable monetary difficulties. the amount will handle varied valuation difficulties universal in finance concerning: asset pricing, optimum portfolio administration, hazard dimension, hazard keep an eye on and asset-liability management.

The quantity beneficial properties chapters of theoretical and sensible relevance clarifying fresh advances within the linked utilized box from diverse standpoints, hoping on related valuation difficulties and, as pointed out, facilitating a mutual and valuable methodological and theoretical wisdom move. The specific facets of the amount will be summarized as follows:

  • Strong benchmarking philosophy, with individuals explicitly requested to underline present limits and fascinating advancements of their areas.
  • Theoretical contributions, aimed toward advancing the state of the art within the given area with a transparent strength for applications
  • The inclusion of an algorithmic-computational dialogue of matters coming up on comparable valuation difficulties throughout various methods.
  • Variety of purposes: infrequently is it attainable inside of a unmarried quantity to contemplate and learn diverse, and doubtless competing, substitute optimization suggestions utilized to well-identified monetary valuation problems.
  • Clear definition of the present cutting-edge in each one methodological and utilized region to facilitate destiny learn directions.

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