Download or read book Soft Computing in Financial Engineering written by Rita A. Ribeiro and published by Physica. This book was released on 1999-01-22 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The focus is on the application of soft computing to a new emerging discipline called financial engineering. Financial engineering can be seen as a field emerging out of an attempt to address the issues of concern in finance with the tools and perspectives of engineering, especially electrical and systems engineering. The ability to measure almost all financial variables in quantifiable terms, the strong emphasis on optimization, and the centrality of time dependency provide for a strong overlap of those disciplines. This all provides a synergistic effect, and makes it possible to more effectively and efficiently deal with a variety of problems related to broadly perceived financial analyses.

Download or read book Soft Computing in Economics and Finance written by Ludmila Dymowa and published by Springer Science & Business Media. This book was released on 2011-01-21 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: Currently the methods of Soft Computing are successfully used for risk analysis in: budgeting, e-commerce development, portfolio selection, Black-Scholes option pricing models, corporate acquisition systems, evaluating investments in advanced manufacturing technology, interactive fuzzy interval reasoning for smart web shopping, fuzzy scheduling and logistic. An essential feature of economic and financial problems it that there are always at least two criteria to be taken into account: profit maximization and risk minimization. Therefore, the economic and financial problems are multiple criteria ones. In this book, a new systematization of the problems of multiple criteria decision making is proposed which allows the author to reveal unsolved problems. The solutions of them are presented as well and implemented to deal with some important real-world problems such as investment project’s evaluation, tool steel material selection problem, stock screening and fuzzy logistic. It is well known that the best results in real -world applications can be obtained using the synthesis of modern methods of soft computing. Therefore, the developed by the author new approach to building effective stock trading systems, based on the synthesis of fuzzy logic and the Dempster-Shafer theory, seems to be a considerable contribution to the application of soft computing method in economics and finance. An important problem of capital budgeting is the fuzzy evaluation of the Internal Rate of Return. In this book, this problem is solved using a new method which makes it possible to solve linear and nonlinear interval and fuzzy equations and systems of them. The developed new method allows the author to obtain an effective solution of the Leontjev’s input-output problem in the interval setting.

Download or read book Soft Computing Techniques and Applications in Financial Engineering written by Tahseen Jilani and published by LAP Lambert Academic Publishing. This book was released on 2010-06 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: Soft Computing is an emerging approach which parallels the remarkable ability of the human brain to reason and learn in an environment of uncertainty and imprecision. It is one of the most emerging consortiums of methodologies including artificial neural networks (ANNs), fuzzy logic (FL) etc. They provide tractable, robust and lower cost solutions to the complex and gigantic real world-problems with the help of functional approximations and learning paradigms. It can also handle linguistic uncertainties, vagueness and imprecision involved in real life problems with reduced mathematical complexities. Soft computing techniques have outperformed the conventional approaches with lesser complexity, vagueness, tuning requirements and higher level of robustness, and tractability. On the other hand, most of the actuarial problems are stochastic in nature with soaring noises and variable volatilities, resulting in signals that are complicated to handle with conventional modeling and forecasting techniques.

Download or read book Soft Computing in Capital Market written by Jibendu Kumar Mantri and published by Universal-Publishers. This book was released on 2014-06-03 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: Computational Finance, an exciting new cross-disciplinary research area, depends extensively on the tools and techniques of computer science, statistics, information systems and financial economics for educating the next generation of financial researchers, analysts, risk managers, and financial information technology professionals. This new discipline, sometimes also referred to as "Financial Engineering" or "Quantitative Finance" needs professionals with extensive skills both in finance and mathematics along with specialization in computer science. Soft-Computing in Capital Market hopes to fulfill the need of applications of this offshoot of the technology by providing a diverse collection of cross-disciplinary research. This edited volume covers most of the recent, advanced research and practical areas in computational finance, starting from traditional fundamental analysis using algebraic and geometric tools to the logic of science to explore information from financial data without prejudice. Utilizing various methods, computational finance researchers aim to determine the financial risk with greater precision that certain financial instruments create. In this line of interest, twelve papers dealing with new techniques and/or novel applications related to computational intelligence, such as statistics, econometrics, neural- network, and various numerical algorithms are included in this volume.

Download or read book Soft Computing and its Applications in Business and Economics written by Rafik Aziz Aliev and published by Springer. This book was released on 2012-08-10 with total page 457 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Soft Computing and its Applications in Business and Economics," or SC-BE for short, is a work whose importance is hard to exaggerate. Authored by leading contributors to soft computing and its applications, SC-BE is a sequel to an earlier book by Professors R. A. Aliev and R. R. Aliev, "Soft Computing and Its Applications," World Scientific, 200l. SC-BE is a self-contained exposition of the foundations of soft computing, and presents a vast compendium of its applications to business, finance, decision analysis and economics. One cannot but be greatly impressed by the wide variety of applications - applications ranging from use of fuzzy logic in transportation and health case systems, to use of a neuro-fuzzy approach to modeling of credit risk in trading, and application of soft computing to e-commerce. To view the contents of SC-BE in a clearer perspective, a bit of history is in order. In science, as in other realms of human activity, there is a tendency to be nationalistic - to commit oneself to a particular methodology and relegate to a position of inferiority or irrelevance all alternative methodologies. As we move further into the age of machine intelligence and automated reasoning, we run into more and more problems which do not lend themselves to solution through the use of our favorite methodology.

Download or read book Soft Computing in Case Based Reasoning written by Sankar Kumar Pal and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text demonstrates how various soft computing tools can be applied to design and develop methodologies and systems with case based reasoning, that is, for real-life decision-making or recognition problems. Comprising contributions from experts, it introduces the basic concepts and theories, and includes many reports on real-life applications. This book is of interest to graduate students and researchers in computer science, electrical engineering and information technology, as well as researchers and practitioners from the fields of systems design, pattern recognition and data mining.

Download or read book Machine Learning For Financial Engineering written by Laszlo Gyorfi and published by World Scientific. This book was released on 2012-03-14 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume investigates algorithmic methods based on machine learning in order to design sequential investment strategies for financial markets. Such sequential investment strategies use information collected from the market's past and determine, at the beginning of a trading period, a portfolio; that is, a way to invest the currently available capital among the assets that are available for purchase or investment.The aim is to produce a self-contained text intended for a wide audience, including researchers and graduate students in computer science, finance, statistics, mathematics, and engineering.

Download or read book Learning and Soft Computing written by Vojislav Kecman and published by MIT Press. This book was released on 2001 with total page 556 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook provides a thorough introduction to the field of learning from experimental data and soft computing. Support vector machines (SVM) and neural networks (NN) are the mathematical structures, or models, that underlie learning, while fuzzy logic systems (FLS) enable us to embed structured human knowledge into workable algorithms. The book assumes that it is not only useful, but necessary, to treat SVM, NN, and FLS as parts of a connected whole. Throughout, the theory and algorithms are illustrated by practical examples, as well as by problem sets and simulated experiments. This approach enables the reader to develop SVM, NN, and FLS in addition to understanding them. The book also presents three case studies: on NN-based control, financial time series analysis, and computer graphics. A solutions manual and all of the MATLAB programs needed for the simulated experiments are available.

Download or read book Fuzzy Logic in Financial Analysis written by Anna Maria Gil-Lafuente and published by Springer. This book was released on 2006-06-10 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: In today’s increasingly complex and uncertain business environment, financial analysis is yet more critical to business managers who tackle problems of an economic or business nature. Knowledge based on formal logic and even experience becomes less sufficient. This volume systematically sets out the basic elements on which to base financial analysis for business in the new century. It incorporates a previous work that can serve as the basis and foundation for the new contributions that are now being made in the field of financial economy and intend to provide business with instruments and models suitable for dealing with the new economic context. In dealing with rapid and unpredictable changes in technological and business conditions, it postulates a growing reliance on the opinions of experts instead of past data or probabilistic forecasts, which is a radical change but may yield fruitful results. For this reason, much emphasis is devoted to the problem of aggregation of the opinion of experts in the financial field, with the object of limiting, wherever possible, the subjective component of the opinions and making sure that the decisions have the best guarantee of reaching the desired objectives.

Download or read book Financial Software Engineering written by Kevin Lano and published by Springer. This book was released on 2019-05-02 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this textbook the authors introduce the important concepts of the financial software domain, and motivate the use of an agile software engineering approach for the development of financial software. They describe the role of software in defining financial models and in computing results from these models. Practical examples from bond pricing, yield curve estimation, share price analysis and valuation of derivative securities are given to illustrate the process of financial software engineering. Financial Software Engineering also includes a number of case studies based on typical financial engineering problems: *Internal rate of return calculation for bonds * Macaulay duration calculation for bonds * Bootstrapping of interest rates * Estimation of share price volatility * Technical analysis of share prices * Re-engineering Matlab to C# * Yield curve estimation * Derivative security pricing * Risk analysis of CDOs The book is suitable for undergraduate and postgraduate study, and for practitioners who wish to extend their knowledge of software engineering techniques for financial applications

Download or read book Soft Computing written by Mangey Ram and published by Walter de Gruyter GmbH & Co KG. This book was released on 2020-08-24 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: Soft computing is used where a complex problem is not adequately specified for the use of conventional math and computer techniques. Soft computing has numerous real-world applications in domestic, commercial and industrial situations. This book elaborates on the most recent applications in various fields of engineering.

Download or read book Practical Applications of Evolutionary Computation to Financial Engineering written by Hitoshi Iba and published by Springer Science & Business Media. This book was released on 2012-02-15 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Practical Applications of Evolutionary Computation to Financial Engineering” presents the state of the art techniques in Financial Engineering using recent results in Machine Learning and Evolutionary Computation. This book bridges the gap between academics in computer science and traders and explains the basic ideas of the proposed systems and the financial problems in ways that can be understood by readers without previous knowledge on either of the fields. To cement the ideas discussed in the book, software packages are offered that implement the systems described within. The book is structured so that each chapter can be read independently from the others. Chapters 1 and 2 describe evolutionary computation. The third chapter is an introduction to financial engineering problems for readers who are unfamiliar with this area. The following chapters each deal, in turn, with a different problem in the financial engineering field describing each problem in detail and focusing on solutions based on evolutionary computation. Finally, the two appendixes describe software packages that implement the solutions discussed in this book, including installation manuals and parameter explanations.

Download or read book Perception based Data Mining and Decision Making in Economics and Finance written by Ildar Batyrshin and published by Springer. This book was released on 2007-04-05 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: The primary goal of this book is to present to the scientific and management communities a selection of applications using more recent Soft Computing (SC) and Computing with Words and Perceptions (CWP) models and techniques meant to solve the economics and financial problems. The selected examples could also serve as a starting point or as an opening out, in the SC and CWP techniques application to a wider range of problems in economics and finance. Decision making in the present world is becoming more and more sophisticated, time consuming and difficult for human beings who require more and more computational support. This book addresses the significant increase on research and applications of Soft Computing and Computing with Words and Perceptions for decision making in Economics and Finance in recent years. Decision making is heavily based on information and knowledge usually extracted from the analysis of large amounts of data. Data mining techniques enabled with the capability to integrate human experience could be used for a more realistic business decision support. Computing with Words and Perceptions introduced by Lotfi Zadeh, can serve as a basis for such extension of traditional data mining and decision making systems. Fuzzy logic as a main constituent of CWP gives powerful tools for modeling and processing linguistic information defined on numerical domain.

Download or read book Soft Computing and Fractal Theory for Intelligent Manufacturing written by Oscar Castillo and published by Physica. This book was released on 2012-08-11 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: We describe in this book, new methods for intelligent manufacturing using soft computing techniques and fractal theory. Soft Computing (SC) consists of several computing paradigms, including fuzzy logic, neural networks, and genetic algorithms, which can be used to produce powerful hybrid intelligent systems. Fractal theory provides us with the mathematical tools to understand the geometrical complexity of natural objects and can be used for identification and modeling purposes. Combining SC techniques with fractal theory, we can take advantage of the "intelligence" provided by the computer methods and also take advantage of the descriptive power of the fractal mathematical tools. Industrial manufacturing systems can be considered as non-linear dynamical systems, and as a consequence can have highly complex dynamic behaviors. For this reason, the need for computational intelligence in these manufacturing systems has now been well recognized. We consider in this book the concept of "intelligent manufacturing" as the application of soft computing techniques and fractal theory for achieving the goals of manufacturing, which are production planning and control, monitoring and diagnosis of faults, and automated quality control. As a prelude, we provide a brief overview of the existing methodologies in Soft Computing. We then describe our own approach in dealing with the problems in achieving intelligent manufacturing. Our particular point of view is that to really achieve intelligent manufacturing in real-world applications we need to use SC techniques and fractal theory.

Download or read book Fuzzy Systems and Soft Computing in Nuclear Engineering written by Da Ruan and published by Physica. This book was released on 2013-11-21 with total page 495 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fuzzy systems and soft computing are new computing techniques that are tolerant to imprecision, uncertainty and partial truths. Applications of these techniques in nuclear engineering present a tremendous challenge due to its strict nuclear safety regulation. The fields of nuclear engineering, fuzzy systems and soft computing have nevertheless matured considerably during the last decade. This book presents new application potentials for Fuzzy Systems and Soft Computing in Nuclear Engineering. The root of this book can be traced back to the series of the first, second and third international workshops on Fuzzy Logic and Intelligent Technologies in Nuclear Science (FUNS), which were successfully held in Mol, September 14-16, 1994 (FLINS'94), in Mol, September 25-27, 1996 (FLINS'96), and in Antwerp, September 14-16, 1998 (FLINS'98). The conferences were organised by the Belgian Nuclear Research Centre (SCKeCEN) and aimed at bringing together scientists, researchers, and engineers from academia and industry, at introducing the principles of fuzzy logic, neural networks, genetic algorithms and other soft computing methodologies, to the field of nuclear engineering, and at applying these techniques to complex problem solving within nuclear industry and related research fields. This book, as its title suggests, consists of nuclear engineering applications of fuzzy systems (Chapters 1-10) and soft computing (Chapters 11-21). Nine pertinent chapters are based on the extended version of papers at FLINS'98 and the other 12 chapters are original contributions with up-to-date coverage of fuzzy and soft computing applications by leading researchers written exclusively for this book.

Download or read book Soft Computing Applications in Business written by Bhanu Prasad and published by Springer. This book was released on 2008-04-10 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Soft computing techniques are widely used in most businesses. This book consists of several important papers on the applications of soft computing techniques for the business field. The soft computing techniques used in this book include (or very closely related to): Bayesian networks, biclustering methods, case-based reasoning, data mining, Dempster-Shafer theory, ensemble learning, evolutionary programming, fuzzy decision trees, hidden Markov models, intelligent agents, k-means clustering, maximum likelihood Hebbian learning, neural networks, opportunistic scheduling, probability distributions combined with Monte Carlo methods, rough sets, self organizing maps, support vector machines, uncertain reasoning, other statistical and machine learning techniques, and combinations of these techniques. The businesses or business problems addressed in this book include (or very closely related to): analysis of correlations between currency exchange rates, analysis of USA banks and Moody’s bank financial strength rating, arrears management, business risk identification, company audit fee evaluation, dental treatments, business internal control, intelligent tutoring systems and educational assessment, modeling agent behavior, motor insurance industry, personal loan defaults, pricing strategies for increasing the market share, pricing strategies in supply chain management, probabilistic sales forecasting, user relevance feedback analysis for online text retrieval, and world crude oil spot price forecasting.

Download or read book Analysis and Design of Intelligent Systems Using Soft Computing Techniques written by Patricia Melin and published by Springer Science & Business Media. This book was released on 2007-06-05 with total page 856 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book comprises a selection of papers on new methods for analysis and design of hybrid intelligent systems using soft computing techniques from the IFSA 2007 World Congress, held in Cancun, Mexico, June 2007.