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Implementing Models of Financial Derivatives is a comprehensive treatment of advanced implementation techniques in VBA for models of financial derivatives. Aimed at readers who are already familiar with the basics of VBA it emphasizes a fully object oriented approach to valuation applications, chiefly in the context of Monte Carlo simulation but also more broadly for lattice and PDE methods. Its unique approach to valuation, emphasizing effective implementation from both the numerical and the computational perspectives makes it an invaluable resource. The book comes with a library of almost a hundred Excel spreadsheets containing implementations of all the methods and models it investigates, including a large number of useful utility procedures. Exercises structured around four application streams supplement the exposition in each chapter, taking the reader from basic procedural level programming up to high level object oriented implementations. Written in eight parts, parts 1-4 emphasize application design in VBA, focused around the development of a plain Monte Carlo application. Part 5 assesses the performance of VBA for this application, and the final 3 emphasize the implementation of a fast and accurate Monte Carlo method for option valuation. Key topics include: ?Fully polymorphic factories in VBA; ?Polymorphic input and output using the TextStream and FileSystemObject objects; ?Valuing a book of options; ?Detailed assessment of the performance of VBA data structures; ?Theory, implementation, and comparison of the main Monte Carlo variance reduction methods; ?Assessment of discretization methods and their application to option valuation in models like CIR and Heston; ?Fast valuation of Bermudan options by Monte Carlo. Fundamental theory and implementations of lattice and PDE methods are presented in appendices and developed through the book in the exercise streams. Spanning the two worlds of academic theory and industrial practice, this book is not only suitable as a classroom text in VBA, in simulation methods, and as an introduction to object oriented design, it is also a reference for model implementers and quants working alongside derivatives groups. Its implementations are a valuable resource for students, teachers and developers alike. Note: CD-ROM/DVD and other supplementary materials are not included as part of eBook file.

Content

Actions in emergency situations

• Engine overheating actions
• Starting the engine from the battery of another car
• Fuse replacement
• Wheel replacement
• Towing a car

Daily checks and troubleshooting Instruction manual

• General information
• Locking and unlocking locks
• Seats and seat belts
• Instruments and controls

Precautions and safety rules when working on a car Basic tools, measuring instruments and methods of working with them

• Basic set of necessary tools
• Methods of working with measuring devices

Engine

• Technical specifications
• Petrol engines in volume of 1.3 l and 1.5 l (135)
• The petrol engine in volume of 1.5 l (4G1)
• The petrol engine in volume of 1.1 l (134)
• The diesel engine in volume of 1.5 l (639)
• Appendix to chapter

Power system

• Technical specifications
• Petrol engines in volume of 1.3 l and 1.5 l (135)
• The petrol engine in volume of 1.5 l (4G1)
• The diesel engine in volume of 1.5 l (639)
• Fuel supply system
• Appendix to chapter

Lubrication system

• Gasoline engines in volume of 1.3 l, 1.5 l (135) and 1.1 l (134)
• The petrol engine in volume of 1.5 l (4G1)
• The diesel engine in volume of 1.5 l (639)

Cooling system

• Technical specifications
• Basic work
• Thermostat
• Water pump
• Radiator

The intake and exhaust system

• Technical specifications
• Gasoline engines in volume of 1.3 l, 1.5 l (135) and 1.1 l (134)
• The petrol engine in volume of 1.5 l (4G1)
• The diesel engine in volume of 1.5 l (639)

Transmission

• Technical specifications
• Clutch
• Manual transmission
• Automatic transmission
• Appendix to chapter

Power shafts

• Technical specifications
• Removing and installing
• Disassembly and assembly
• Appendix to chapter

Chassis

• Technical specifications
• Front suspension
• Rear suspension
• Wheels and tires
• Appendix to chapter

Brake system

• Technical specifications
• Hydraulic drive
• Front brakes
• Rear brakes
• Parking brake
• Appendix to chapter

Steering

• Technical specifications
• Steering service
• Steering wheel and steering column
• Steering gear
• Appendix to chapter

Body

• Exterior
• Interior
• Doors
• Glasses
• Luke
• Body dimensions
• Appendix to chapter

Passive safety system

• Description
• Seat belts
• Airbags
• Disposing of system elements

Ventilation, air conditioning and heating system

• Technical specifications
• Heater and ventilation system
• Air conditioning (climate control)

Electrical equipment

• Starting system
• Charging system
• Ignition system (petrol)
• Preheating system (diesel)
• Headlamps
• Audio system

Electroschemes Explanatory dictionary

• Abbreviations

Полный вариант заголовка: «Models of letters : for the use od schools and private students : being an epitome of the large 8 volume, entitled, Elegant epistles : and containig Select letters from the best English authors : with many translated from the French, which have never appeared in any miscellaneous collection».

Now the best-selling book of its kind has gotten even better.This revised and expanded second edition of Ittelson's master work will give you that firm grasp of "the numbers" necessary for business success. With more than 100,000 copies in print, Financial Statements is a perfect introduction to financial accounting for non-financial managers, stock-market investors, undergraduate business and MBA students, lawyers, lenders, entrepreneurs, and more. Most introductory finance and accounting books fail either because they are written "by accountants for accountants" or the authors "dumb down" the concepts until they are virtually useless. Financial Statements deftly shows that all this accounting and financial-reporting stuff is not rocket science and that you can understand it! Ittelson empowers non-financial managers by clearly and simply demonstrating how the balance sheet, income statement and cash flow statement work together to offer a "snapshot" of any company's financial health. Every term is defined in simple, understandable language. Every concept is explained with a basic, straightforward transaction example. And with the book's uniquely visual approach, you'll be able to see exactly how each transaction affects the three key financial statement of the enterprise. Two new major sections with nine new chapters were added to this revised second edition of Financial Statements, simply the clearest and most comprehensive introduction to financial reporting available. Теперь этот бестселлер стал еще лучше! Переработанное и дополненное второе издание книги даст вам твердое понимание финансовых показателей, необходимых для успеха в бизнесе. Выпущенная суммарным тиражом более чем 100 000 экземпляров, книга является прекрасным введением в финансовую отчетность для нефинансовых менеджеров, инвесторов в фондовые рынки, юристов, кредиторов и предпринимателей. Большинство книг подобного рода терпят крах именно потому, что они написаны «бухгалтерами для бухгалтеров» – в них рассматриваются концепции и понятия, которые являются практически бесполезными для нефинансистов. «Финансовая отчетность» показывает, что бухгалтерский учет и финансовая отчетность не относятся к области высшей математики и вполне доступны для понимания! Иттельсон четко и просто демонстрирует, как бухгалтерский баланс, отчет о прибыли и убытках и кэшфлоу дают «краткую характеристику» финансового состояния любой компании. Каждый термин определяется на понятном языке. Каждая концепция объясняется на примере простой сделки. Визуальное оформление книги позволяет увидеть, как именно каждая операция затрагивает три ключевые финансовые показателя предприятия. В книгу добавлены два новых раздела с девятью новыми главами.

The manual is designed to help full-time ministry workers and lay-people understand legislation concerning missionary activity, and how to conduct oneself while preaching, or engaging in outreach activities.

A risk measurement and management framework that takes model risk seriously Most financial risk models assume the future will look like the past, but effective risk management depends on identifying fundamental changes in the marketplace as they occur. Bayesian Risk Management details a more flexible approach to risk management, and provides tools to measure financial risk in a dynamic market environment. This book opens discussion about uncertainty in model parameters, model specifications, and model-driven forecasts in a way that standard statistical risk measurement does not. And unlike current machine learning-based methods, the framework presented here allows you to measure risk in a fully-Bayesian setting without losing the structure afforded by parametric risk and asset-pricing models. Recognize the assumptions embodied in classical statistics Quantify model risk along multiple dimensions without backtesting Model time series without assuming stationarity Estimate state-space time series models online with simulation methods Uncover uncertainty in workhorse risk and asset-pricing models Embed Bayesian thinking about risk within a complex organization Ignoring uncertainty in risk modeling creates an illusion of mastery and fosters erroneous decision-making. Firms who ignore the many dimensions of model risk measure too little risk, and end up taking on too much. Bayesian Risk Management provides a roadmap to better risk management through more circumspect measurement, with comprehensive treatment of model uncertainty.