{"product_id":"9780470531112","title":"Handbook in Monte Carlo Simulation Applications in Financial Engineering, Risk Management, and Economics","description":"\u003ch3\u003eWiley Handbooks in Financial Engineering and Econometrics\u003c\/h3\u003e\u003ch1\u003eHandbook in Monte Carlo Simulation\u003c\/h1\u003e\u003ch2\u003eApplications in Financial Engineering, Risk Management, and Economics\u003c\/h2\u003e\u003ch3\u003ePaolo Brandimarte\u003c\/h3\u003e\u003cdiv\u003e\u003cb\u003eBusiness \u0026amp; Economics \/ Econometrics\u003c\/b\u003e\u003c\/div\u003e\u003cbr\u003e\u003cdiv\u003e\n\u003cp\u003eAn accessible treatment of Monte Carlo methods, techniques, and applications in the field of finance and economics\u003c\/p\u003e \u003cp\u003eProviding readers with an in-depth and comprehensive guide, the \u003ci\u003eHandbook in Monte Carlo Simulation: Applications in Financial Engineering, Risk Management, and Economics \u003c\/i\u003epresents a timely account of the applicationsof Monte Carlo methods in financial engineering and economics. Written by an international leading expert in thefield, the handbook illustrates the challenges confronting present-day financial practitioners and provides various applicationsof Monte Carlo techniques to answer these issues. The book is organized into five parts: introduction andmotivation; input analysis, modeling, and estimation; random variate and sample path generation; output analysisand variance reduction; and applications ranging from option pricing and risk management to optimization.\u003c\/p\u003e \u003cp\u003eThe \u003ci\u003eHandbook in Monte Carlo Simulation \u003c\/i\u003efeatures:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eAn introductory section for basic material on stochastic modeling and estimation aimed at readers who may need a summary or review of the essentials\u003c\/li\u003e \u003cli\u003eCarefully crafted examples in order to spot potential pitfalls and drawbacks of each approach\u003c\/li\u003e \u003cli\u003eAn accessible treatment of advanced topics such as low-discrepancy sequences, stochastic optimization, dynamic programming, risk measures, and Markov chain Monte Carlo methods\u003c\/li\u003e \u003cli\u003eNumerous pieces of R code used to illustrate fundamental ideas in concrete terms and encourage experimentation\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eThe \u003ci\u003eHandbook in Monte Carlo Simulation: Applications in Financial Engineering, Risk Management, and Economics \u003c\/i\u003eis a complete reference for practitioners in the fields of finance, business, applied statistics, econometrics, and engineering, as well as a supplement for MBA and graduate-level courses on Monte Carlo methods and simulation.\u003c\/p\u003e\n\u003c\/div\u003e\u003cdiv\u003e  \u003cp\u003e\u003cb\u003ePAOLO BRANDIMARTE\u003c\/b\u003e is Full Professor of Quantitative Methods for Finance and Logistics in the Department of Mathematical Sciences at Politecnico di Torino in Italy. He has extensive teaching experience in engineering and economics faculties, including master’s- and PhD-level courses. Dr. Brandimarte is the author or coauthor of \u003ci\u003eIntroduction to Distribution Logistics, Quantitative Methods: An Introduction for Business Management\u003c\/i\u003e, and \u003ci\u003eNumerical Methods in Finance and Economics: A MATLAB-Based Introduction, Second Edition\u003c\/i\u003e, all published by Wiley.\u003c\/p\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003ctable\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublication Date: \u003c\/td\u003e\n\u003ctd\u003e05 May 2014\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublisher: \u003c\/td\u003e\n\u003ctd\u003eWiley\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eImprint: \u003c\/td\u003e\n\u003ctd\u003eWiley\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eISBN-13: \u003c\/td\u003e\n\u003ctd\u003e9780470531112\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFormat: \u003c\/td\u003e\n\u003ctd\u003eHardback\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePage Count: \u003c\/td\u003e\n\u003ctd\u003e688\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eWeight (oz): \u003c\/td\u003e\n\u003ctd\u003e48.0\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/table\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":44310472753292,"sku":"9780470531112","price":154.76,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9780470531112.jpg?v=1780157927","url":"https:\/\/lateknightbooks.com\/products\/9780470531112","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}