{"product_id":"the-mathematics-of-banking-and-finance-isbn-9780470014899","title":"The Mathematics of Banking and Finance","description":"Throughout banking, mathematical techniques are used. Some of these are within software products or models; mathematicians use others to analyse data. The current literature on the subject is either very basic or very advanced.  \u003cp\u003e\u003ci\u003eThe Mathematics of Banking\u003c\/i\u003e offers an intermediate guide to the various techniques used in the industry, and a consideration of how each one should be approached. Written in a practical style, it will enable readers to quickly appreciate the purpose of the techniques and, through illustrations, see how they can be applied in practice. Coverage is extensive and includes techniques such as VaR analysis, Monte Carlo simulation, extreme value theory, variance and many others.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eA practical review of mathematical techniques needed in banking which does not expect a high level of mathematical competence from the reader\u003c\/li\u003e \u003c\/ul\u003e  \u003cb\u003eIntroduction.\u003c\/b\u003e  \u003cp\u003e\u003cb\u003e1 Introduction to How to Display Data and the Scatter Plot.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 Bar Charts.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 Histograms.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 Probability Theory.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 Standard Terms in Statistics.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 Sampling.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 Probability Distribution Functions.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8 Normal Distribution.\u003c\/b\u003e \u003c\/p\u003e \u003cp\u003e\u003cb\u003e9 Comparison of the Means, Sample Sizes and Hypothesis Testing.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10 Comparison of Variances.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e11 Chi-squared Goodness of Fit Test.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e12 Analysis of Paired Data.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e13 Linear Regression.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e14 Analysis of Variance.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e15 Design and Approach to the Analysis of Data.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e16 Linear Programming: Graphical Method.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e17 Linear Programming: Simplex Method.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e18 Transport Problems.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e19 Dynamic Programming.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e20 Decision Theory.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e21 Inventory and Stock Control.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e22 Simulation: Monte Carlo Methods.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e23 Reliability: Obsolescence.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e24 Project Evaluation.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e25 Risk and Uncertainty.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e26 Time Series Analysis.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e27 Reliability.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e28 Value at Risk.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e29 Sensitivity Analysis.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e30 Scenario Analysis.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e31 An Introduction to Neural Networks.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix Mathematical Symbols and Notation.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eIndex.\u003c\/b\u003e\u003c\/p\u003e  \u003cb\u003eDENNIS COX\u003c\/b\u003e is CEO of Risk Reward Limited, a Strategy and Risk Consultancy for the financial services industry, as well as being a director of a number of other companies. He was formerly Director, Risk Management at HSBC Operational Risk Consultancy and Global Risk Director at Prudential Portfolio Managers Limited, having spent 12 years in practice with Arthur Young and BDO Binder Hamlyn. Among a range of external interests he is a senior Council member of the ICAEW, a member of the Professional Standards Board, Chairman of the Financial Planning Committee of the London Society and a member of the Money Laundering Committee; together with being the Chairman of the Risk Forum for the Securities and Investments Institute. He also represents the public interest in the regulation of the Institute of Actuaries for financial service matters.  \u003cp\u003e\u003cb\u003eMICHAEL COX\u003c\/b\u003e has spent 25 years teaching quantitative methods to a wide variety of undergraduate students in departments ranging from agriculture, engineering, history, economics, business and medicine. For over 20 years he has taught both statistics and management science to MBA students.\u003cbr\u003e During his career he has published some 50 referred papers in such diverse areas as statistical process control, total quality management, multidimensional scaling and the analytical hierarchy process. In addition Michael has co-authored two text books and developed a major piece of software.\u003cbr\u003e Michael works in applicable mathematics, the solution of real world problems employing statistical and management science techniques. Most of this research has included computer applications.\u003c\/p\u003e  The world of business has changed significantly in recent years. Why? Because business has increasingly made more use of the probability, statistical methods and analytic techniques in areas where they previously were not used at all.  \u003cp\u003eYou may feel rather uncomfortable about all of this. Perhaps you gave up mathematics, wondering what the relevance of the subject really was. Others may just need to be reminded what some of the techniques actually mean.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eMathematics of Banking\u003c\/i\u003e takes the type of techniques that you may come across in the developing world of banking, including operational risk, and explains when the techniques could be used and what if any limitations there are to these techniques.\u003c\/p\u003e \u003cp\u003eThe book offers an intermediate guide to the various techniques used in the industry, and a consideration of how each one should be approached. Written in a practical style, it will enable readers to quickly appreciate the purpose of the techniques and, through illustrations, see how they can be applied in practice. Coverage is extensive and includes techniques such as VaR analysis, Monte Carlo simulation, extreme value theory, variance and many other important models.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990285402341,"sku":"NP9780470014899","price":125.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470014899.jpg?v=1761787203","url":"https:\/\/k12savings.com\/es\/products\/the-mathematics-of-banking-and-finance-isbn-9780470014899","provider":"K12savings","version":"1.0","type":"link"}