Control Engineering and Finance

Control Engineering and Finance
Author: Selim S. Hacısalihzade
Publisher: Springer
Total Pages: 312
Release: 2017-12-28
Genre: Mathematics
ISBN: 3319644920

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This book includes a review of mathematical tools like modelling, analysis of stochastic processes, calculus of variations and stochastic differential equations which are applied to solve financial problems like modern portfolio theory and option pricing. Every chapter presents exercises which help the reader to deepen his understanding. The target audience comprises research experts in the field of finance engineering, but the book may also be beneficial for graduate students alike.

Modern Control Engineering

Modern Control Engineering
Author: P.N. Paraskevopoulos
Publisher: CRC Press
Total Pages: 762
Release: 2017-12-19
Genre: Technology & Engineering
ISBN: 1351830465

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"Illustrates the analysis, behavior, and design of linear control systems using classical, modern, and advanced control techniques. Covers recent methods in system identification and optimal, digital, adaptive, robust, and fuzzy control, as well as stability, controllability, observability, pole placement, state observers, input-output decoupling, and model matching."

Newnes Control Engineering Pocket Book

Newnes Control Engineering Pocket Book
Author: William Bolton
Publisher: Newnes
Total Pages: 310
Release: 1998-12-22
Genre: Technology & Engineering
ISBN: 9780750639286

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Newnes Control Engineering Pocket Book is a concise reference text for students, technicians and engineers. Control engineering is the foundation on which modern industry is built, but is often viewed as one of the toughest subjects, as it includes abstract ideasand often tough mathematics. This pocket book provides a digest of the full range of topics needed to understand and use control systems theory and engineering. Bill Bolton is one of the most experienced teachers and authors in the engineering world. This book complements Newnes Instrumentation and Measurement Pocket Book by Bolton. Illustrated throughout and crammed with reference material, no other book covers the basics of control in such a convenient and affordable format. · Ideal for engineers and students alike. · Complete guide to control systems engineering and theory. · Author is a highly experienced teacher and author in the engineering field.

Stochastic Processes, Optimization, and Control Theory: Applications in Financial Engineering, Queueing Networks, and Manufacturing Systems

Stochastic Processes, Optimization, and Control Theory: Applications in Financial Engineering, Queueing Networks, and Manufacturing Systems
Author: Houmin Yan
Publisher: Springer Science & Business Media
Total Pages: 397
Release: 2006-09-10
Genre: Technology & Engineering
ISBN: 0387338152

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This edited volume contains 16 research articles. It presents recent and pressing issues in stochastic processes, control theory, differential games, optimization, and their applications in finance, manufacturing, queueing networks, and climate control. One of the salient features is that the book is highly multi-disciplinary. The book is dedicated to Professor Suresh Sethi on the occasion of his 60th birthday, in view of his distinguished career.

Engineering Risk and Finance

Engineering Risk and Finance
Author: Charles S. Tapiero
Publisher: Springer Science & Business Media
Total Pages: 518
Release: 2013-02-13
Genre: Business & Economics
ISBN: 1461462347

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Risk models are models of uncertainty, engineered for some purposes. They are “educated guesses and hypotheses” assessed and valued in terms of well-defined future states and their consequences. They are engineered to predict, to manage countable and accountable futures and to provide a frame of reference within which we may believe that “uncertainty is tamed”. Quantitative-statistical tools are used to reconcile our information, experience and other knowledge with hypotheses that both serve as the foundation of risk models and also value and price risk. Risk models are therefore common to most professions, each with its own methods and techniques based on their needs, experience and a wisdom accrued over long periods of time. This book provides a broad and interdisciplinary foundation to engineering risks and to their financial valuation and pricing. Risk models applied in industry and business, heath care, safety, the environment and regulation are used to highlight their variety while financial valuation techniques are used to assess their financial consequences. This book is technically accessible to all readers and students with a basic background in probability and statistics (with 3 chapters devoted to introduce their elements). Principles of risk measurement, valuation and financial pricing as well as the economics of uncertainty are outlined in 5 chapters with numerous examples and applications. New results, extending classical models such as the CCAPM are presented providing insights to assess the risks and their price in an interconnected, dependent and strategic economic environment. In an environment departing from the fundamental assumptions we make regarding financial markets, the book provides a strategic/game-like approach to assess the risk and the opportunities that such an environment implies. To control these risks, a strategic-control approach is developed that recognizes that many risks resulting by “what we do” as well as “what others do”. In particular we address the strategic and statistical control of compliance in large financial institutions confronted increasingly with a complex and far more extensive regulation.

Handbook of Financial Engineering

Handbook of Financial Engineering
Author: Constantin Zopounidis
Publisher: Springer Science & Business Media
Total Pages: 494
Release: 2010-07-25
Genre: Business & Economics
ISBN: 0387766820

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This comprehensive handbook discusses the most recent advances within the field of financial engineering, focusing not only on the description of the existing areas in financial engineering research, but also on the new methodologies that have been developed for modeling and addressing financial engineering problems. The book is intended for financial engineers, researchers, applied mathematicians, and graduate students interested in real-world applications to financial engineering.

Data-Driven Science and Engineering

Data-Driven Science and Engineering
Author: Steven L. Brunton
Publisher: Cambridge University Press
Total Pages: 615
Release: 2022-05-05
Genre: Computers
ISBN: 1009098489

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A textbook covering data-science and machine learning methods for modelling and control in engineering and science, with Python and MATLAB®.

Digital Control Engineering

Digital Control Engineering
Author: M. Sami Fadali
Publisher: Academic Press
Total Pages: 600
Release: 2012-08-21
Genre: Computers
ISBN: 012398324X

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Digital controllers are part of nearly all modern personal, industrial, and transportation systems. Every senior or graduate student of electrical, chemical or mechanical engineering should therefore be familiar with the basic theory of digital controllers. This new text covers the fundamental principles and applications of digital control engineering, with emphasis on engineering design. Fadali and Visioli cover analysis and design of digitally controlled systems and describe applications of digital controls in a wide range of fields. With worked examples and Matlab applications in every chapter and many end-of-chapter assignments, this text provides both theory and practice for those coming to digital control engineering for the first time, whether as a student or practicing engineer. Extensive Use of computational tools: Matlab sections at end of each chapter show how to implement concepts from the chapter Frees the student from the drudgery of mundane calculations and allows him to consider more subtle aspects of control system analysis and design An engineering approach to digital controls: emphasis throughout the book is on design of control systems. Mathematics is used to help explain concepts, but throughout the text discussion is tied to design and implementation. For example coverage of analog controls in chapter 5 is not simply a review, but is used to show how analog control systems map to digital control systems Review of Background Material: contains review material to aid understanding of digital control analysis and design. Examples include discussion of discrete-time systems in time domain and frequency domain (reviewed from linear systems course) and root locus design in s-domain and z-domain (reviewed from feedback control course) Inclusion of Advanced Topics In addition to the basic topics required for a one semester senior/graduate class, the text includes some advanced material to make it suitable for an introductory graduate level class or for two quarters at the senior/graduate level. Examples of optional topics are state-space methods, which may receive brief coverage in a one semester course, and nonlinear discrete-time systems Minimal Mathematics Prerequisites The mathematics background required for understanding most of the book is based on what can be reasonably expected from the average electrical, chemical or mechanical engineering senior. This background includes three semesters of calculus, differential equations and basic linear algebra. Some texts on digital control require more

State-Space Approaches for Modelling and Control in Financial Engineering

State-Space Approaches for Modelling and Control in Financial Engineering
Author: Gerasimos G. Rigatos
Publisher: Springer
Total Pages: 329
Release: 2017-04-04
Genre: Technology & Engineering
ISBN: 3319528661

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The book conclusively solves problems associated with the control and estimation of nonlinear and chaotic dynamics in financial systems when these are described in the form of nonlinear ordinary differential equations. It then addresses problems associated with the control and estimation of financial systems governed by partial differential equations (e.g. the Black–Scholes partial differential equation (PDE) and its variants). Lastly it an offers optimal solution to the problem of statistical validation of computational models and tools used to support financial engineers in decision making. The application of state-space models in financial engineering means that the heuristics and empirical methods currently in use in decision-making procedures for finance can be eliminated. It also allows methods of fault-free performance and optimality in the management of assets and capitals and methods assuring stability in the functioning of financial systems to be established. Covering the following key areas of financial engineering: (i) control and stabilization of financial systems dynamics, (ii) state estimation and forecasting, and (iii) statistical validation of decision-making tools, the book can be used for teaching undergraduate or postgraduate courses in financial engineering. It is also a useful resource for the engineering and computer science community