{"product_id":"9783319539782","title":"Financial Engineering Explained","description":"\u003ch1\u003eFinancial Engineering Explained\u003c\/h1\u003e \u003ch2\u003eHenrard, Marc\u003c\/h2\u003e \u003cp\u003e\u003c\/p\u003e\u003cp\u003eThis book provides the first practical guide to the function and implementation of algorithmic differentiation in finance. Written in a highly accessible way, \u003ci\u003eAlgorithmic Differentiation Explained\u003c\/i\u003e will take readers through all the major applications of AD in the derivatives setting with a focus on implementation.\u003c\/p\u003e\u003cp\u003eAlgorithmic Differentiation (AD) has been popular in engineering and computer science, in areas such as fluid dynamics and data assimilation for many years.  Over the last decade, it has been increasingly (and successfully) applied to financial risk management, where it provides an efficient way to obtain financial instrument price derivatives with respect to the data inputs. Calculating derivatives exposure across a portfolio is no simple task.  It requires many complex calculations and a large amount of computer power, which in prohibitively expensive and can be time consuming.  Algorithmic differentiation techniques can be very successfully in computing Greeks and sensitivities of a portfolio with machine precision.\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003eWritten by a leading practitioner who works and programmes AD, it offers a practical analysis of all the major applications of AD in the derivatives setting and guides the reader towards implementation.  Open source code of the examples is provided with the book, with which readers can experiment and perform their own test scenarios without writing the related code themselves.\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Palgrave Macmillan\u003c\/p\u003e \u003cp\u003ePublication Date: 2017-09-11\u003c\/p\u003e \u003cp\u003eFormat: Paperback\u003c\/p\u003e \u003cp\u003eISBN-13: 9783319539782\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-3-319-53979-9\u003c\/p\u003e \u003cp\u003eDimensions: 235cm x155cm\u003c\/p\u003e \u003cp\u003ePages: 103\u003c\/p\u003e ","brand":"Springer International Publishing","offers":[{"title":"Default Title","offer_id":44561500700812,"sku":"9783319539782","price":34.19,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9783319539782.jpg?v=1774530481","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9783319539782","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}