000			01956 a2200205 4500
008			221214t2008 ne ||||| |||| 00| 0 eng d
020			_a9780444517814 (HB)
041			_aeng
080			_a519.8 _bBIR
100			_aBirge, John R.
245			_aFinancial engineering _cHandbooks in operations research and management science
250			_a1
260			_aAmsterdam _bNorth-Holland, Elsevier _c2008
300			_axii, 1014 p.
490			_aHandbooks in operations research and management science _v15
520			_aThe remarkable growth of financial markets over the past decades has been accompanied by an equally remarkable explosion in financial engineering, the interdisciplinary field focusing on applications of mathematical and statistical modeling and computational technology to problems in the financial services industry. The goals of financial engineering research are to develop empirically realistic stochastic models describing dynamics of financial risk variables, such as asset prices, foreign exchange rates, and interest rates, and to develop analytical, computational and statistical methods and tools to implement the models and employ them to design and evaluate financial products and processes to manage risk and to meet financial goals. This handbook describes the latest developments in this rapidly evolving field in the areas of modeling and pricing financial derivatives, building models of interest rates and credit risk, pricing and hedging in incomplete markets, risk management, and portfolio optimization. Leading researchers in each of these areas provide their perspective on the state of the art in terms of analysis, computation, and practical relevance. The authors describe essential results to date, fundamental methods and tools, as well as new views of the existing literature, opportunities, and challenges for future research
690			_aMathematics
700			_aLinetsky, Vadim (Eds.)
942			_cBK
999			_c59280 _d59280