New ideas in quantitative finance are always welcome, especially so in recent years as new techniques have steadily gained in popularity and old techniques have become more sophisticated.

This book features new contributions from many highly regarded individuals, collected together by Paul Wilmott and Henrik Rasmussen. Subjects featured include new techniques for:

• Risk Management
• Equity Modelling
• Interest Rate Modelling

Foreword by Stephen L Adler (Institute for Advanced Study, USA) Illustrations by Peggy Adler The term Phyllotaxis refers to the patterns on plants formed by the arrangement of repeated biological units. In nearly all cases, the Fibonacci Numbers and the Golden Ratio occur in these arrangements. This topic has long fascinated scientists. Over a period of more than two decades, Irving Adler wrote a number of papers that construct a rigorously derived mathematical model for Phyllotaxis, which are major and enduring contributions to the field. These papers are collected in this reprint volume to enable their access to a wider readership.

Die Autoren fuhren auf anschauliche und systematische Weise in die mathematische und informatische Modellierung sowie in die Simulation als universelle Methodik ein. Es geht um Klassen von Modellen und um die Vielfalt an Beschreibungsarten. Aber es geht immer auch darum, wie aus Modellen konkrete Simulationsergebnisse gewonnen werden konnen. Nach einem kompakten Repetitorium zum benotigten mathematischen Apparat wird das Konzept anhand von Szenarien u. a. aus den Bereichen Spielen entscheiden planen" und Physik im Rechner" umgesetzt."

As Ken Wallis (1993) has pOinted out, all macroeconomic forecasters and policy analysts use economic models. That is, they have a way of going from assumptions about macroeconomic policy and the international environment, to a prediction of the likely future state of the economy. Some people do this in their heads. Increasingly though, forecasting and policy analysis is based on a formal, explicit model, represented by a set of mathematical equations and solved by computer. This provides a framework for handling, in a consistent and systematic manner, the ever-increasing amounts of relevant information. Macroeconometric modelling though, is an inexact science. A manageable model must focus only on the major driving forces in a complex economy made up of millions of households and fIrms. International economic agencies such as the IMF and OECD, and most treasuries and central banks in western countries, use macroeconometric models in their forecasting and policy analysis. Models are also used for teaching and research in universities, as well as for commercial forecasting in the private sector.

First published in 1967, this book explores the theme of geographical generalization, or model building. It is composed of five of the chapters from the original Models in Geography, published in 1967. The first chapter broadly outlines this theme and examines the nature and function of generalized statements, ranging from conceptual models to scale models, in a geographical context. The following chapters deal with mixed-system model building in geography, wherein data, techniques and concepts in both physical and human geography are integrated. The book contains chapters on organisms and ecosystems as geographical models as well as spatial patterns in human geography. This text represents a robustly anti-idiographic statement of modern work in one of the major branches of geography.

This book systematically classifies the mathematical formalisms of computational models that are required for solving problems in mathematics, engineering and various other disciplines. It also provides numerical methods for solving these problems using suitable algorithms and for writing computer codes to find solutions. For discrete models, matrix algebra comes into play, while for continuum framework models, real and complex analysis is more suitable. The book clearly describes the method-algorithm-code approach for learning the techniques of scientific computation and how to arrive at accurate solutions by applying the procedures presented. It not only provides instructors with course material but also serves as a useful reference resource. Providing the detailed mathematical proofs behind the computational methods, this book appeals to undergraduate and graduate mathematics and engineering students. The computer codes have been written in the Fortran programming language, which is the traditional language for scientific computation. Fortran has a vast repository of source codes used in real-world applications and has continuously been upgraded in line with the computing capacity of the hardware. The language is fully backwards compatible with its earlier versions, facilitating integration with older source codes.

In this book Lee Rudolph brings together international contributors who combine psychological and mathematical perspectives to analyse how qualitative mathematics can be used to create models of social and psychological processes. Bridging the gap between the fields with an imaginative and stimulating collection of contributed chapters, the volume updates the current research on the subject, which until now has been rather limited, focussing largely on the use of statistics. Qualitative Mathematics for the Social Sciences contains a variety of useful illustrative figures, introducing readers from the social sciences to the rich contribution that modern mathematics has made to our knowledge of logic, structures, and dynamic systems. A beguiling array of conceptual systems, topological models and fractals are discussed which transcend the application of statistics, and bring a fresh perspective to the study of social representations. The wide selection of qualitative mathematical methodologies discussed in this volume will be hugely valuable to higher-level undergraduate and postgraduate students of psychology, sociology and mathematics. It will also be useful for researchers, academics and professionals from the social sciences who want a firmer grasp on the use of qualitative mathematics.

Understanding how to properly manage urban stormwater is a critical concern to civil and environmental engineers the world over. Mismanagement of stormwater and urban runoff results in flooding, erosion, and water quality problems. In an effort to develop better management techniques, engineers have come to rely on computer simulation and advanced mathematical modeling techniques to help plan and predict water system performance. This important book outlines a new method that uses probability tools to model how stormwater behaves and interacts in a combined- or single-system municipal water system. Complete with sample problems and case studies illustrating how concepts really work, the book presents a cost-effective, easy-to-master approach to analytical modeling of stormwater management systems.

This book is an introduction to numerical analysis in geomechanics and is intended for advanced undergraduate and beginning graduate study of the mechanics of porous, jointed rocks and soils. Although familiarity with the concepts of stress, strain and so on is assumed, a review of the fundamentals of solid mechanics including concepts of physical laws, kinematics and material laws is presented in an appendix. Emphasis is on the popular finite element method but brief explanations of the boundary element method, the distinct element method (also known as the discrete element method) and discontinuous deformation analysis are included. Familiarity with a computer programming language such as Fortran, C++ or Python is not required, although programming excerpts in Fortran are presented at the end of some chapters. This work begins with an intuitive approach to interpolation over a triangular element and thus avoids making the simple complex by not doing energy minimization via a calculus of variations approach so often found in reference books on the finite element method. The presentation then proceeds to a principal of virtual work via the well-known divergence theorem to obtain element equilibrium and then global equilibrium, both expressed as stiffness equations relating force to displacement. Solution methods for the finite element approach including elimination and iteration methods are discussed. Hydro-mechanical coupling is described and extension of the finite element method to accommodate fluid flow in porous geological media is made. Example problems illustrate important concepts throughout the text. Additional problems for a 15-week course of study are presented in an appendix; solutions are given in another appendix.

This textbook presents basic numerical methods and applies them to a large variety of physical models in multiple computer experiments. Classical algorithms and more recent methods are explained. Partial differential equations are treated generally comparing important methods, and equations of motion are solved by a large number of simple as well as more sophisticated methods. Several modern algorithms for quantum wavepacket motion are compared. The first part of the book discusses the basic numerical methods, while the second part simulates classical and quantum systems. Simple but non-trivial examples from a broad range of physical topics offer readers insights into the numerical treatment but also the simulated problems. Rotational motion is studied in detail, as are simple quantum systems. A two-level system in an external field demonstrates elementary principles from quantum optics and simulation of a quantum bit. Principles of molecular dynamics are shown. Modern boundary element methods are presented in addition to standard methods, and waves and diffusion processes are simulated comparing the stability and efficiency of different methods. A large number of computer experiments is provided, which can be tried out even by readers with no programming skills. Exercises in the applets complete the pedagogical treatment in the book. In the third edition Monte Carlo methods and random number generation have been updated taking recent developments into account. Krylov-space methods for eigenvalue problems are discussed in much more detail. Short time Fourier transformation and wavelet transformation have been included as tools for time-frequency analysis. Lastly, elementary quantum many-body problems demonstrate the application of variational and Monte-Carlo methods.

This review volume reports the state-of-the-art in Linear Parameter Varying (LPV) system identification. Written by world renowned researchers, the book contains twelve chapters, focusing on the most recent LPV identification methods for both discrete-time and continuous-time models, using different approaches such as optimization methods for input/output LPV models Identification, set membership methods, optimization methods and subspace methods for state-space LPV models identification and orthonormal basis functions methods. Since there is a strong connection between LPV systems, hybrid switching systems and piecewise affine models, identification of hybrid switching systems and piecewise affine systems will be considered as well.

The aim of the book is to present side-by-side representative and cutting-edge samples of work in mathematical psychology and the analytic philosophy with prominent use of mathematical formalisms.

See also GEOMETRIC MECHANICS - Part II: Rotating, Translating and Rolling (2nd Edition) This textbook introduces the tools and language of modern geometric mechanics to advanced undergraduates and beginning graduate students in mathematics, physics and engineering. It treats the fundamental problems of dynamical systems from the viewpoint of Lie group symmetry in variational principles. The only prerequisites are linear algebra, calculus and some familiarity with Hamilton's principle and canonical Poisson brackets in classical mechanics at the beginning undergraduate level.The ideas and concepts of geometric mechanics are explained in the context of explicit examples. Through these examples, the student develops skills in performing computational manipulations, starting from Fermat's principle, working through the theory of differential forms on manifolds and transferring these ideas to the applications of reduction by symmetry to reveal Lie-Poisson Hamiltonian formulations and momentum maps in physical applications.The many Exercises and Worked Answers in the text enable the student to grasp the essential aspects of the subject. In addition, the modern language and application of differential forms is explained in the context of geometric mechanics, so that the importance of Lie derivatives and their flows is clear. All theorems are stated and proved explicitly.The organisation of the first edition has been preserved in the second edition. However, the substance of the text has been rewritten throughout to improve the flow and to enrich the development of the material. In particular, the role of Noether's theorem about the implications of Lie group symmetries for conservation laws of dynamical systems has been emphasised throughout, with many applications.

See also GEOMETRIC MECHANICS - Part II: Rotating, Translating and Rolling (2nd Edition) This textbook introduces the tools and language of modern geometric mechanics to advanced undergraduates and beginning graduate students in mathematics, physics and engineering. It treats the fundamental problems of dynamical systems from the viewpoint of Lie group symmetry in variational principles. The only prerequisites are linear algebra, calculus and some familiarity with Hamilton's principle and canonical Poisson brackets in classical mechanics at the beginning undergraduate level.The ideas and concepts of geometric mechanics are explained in the context of explicit examples. Through these examples, the student develops skills in performing computational manipulations, starting from Fermat's principle, working through the theory of differential forms on manifolds and transferring these ideas to the applications of reduction by symmetry to reveal Lie-Poisson Hamiltonian formulations and momentum maps in physical applications.The many Exercises and Worked Answers in the text enable the student to grasp the essential aspects of the subject. In addition, the modern language and application of differential forms is explained in the context of geometric mechanics, so that the importance of Lie derivatives and their flows is clear. All theorems are stated and proved explicitly.The organisation of the first edition has been preserved in the second edition. However, the substance of the text has been rewritten throughout to improve the flow and to enrich the development of the material. In particular, the role of Noether's theorem about the implications of Lie group symmetries for conservation laws of dynamical systems has been emphasised throughout, with many applications.

Simulation-Based Engineering and Science (SBE&S) cuts across disciplines, showing tremendous promise in areas from storm prediction and climate modeling to understanding the brain and the behavior of numerous other complex systems.In this groundbreaking volume, nine distinguished leaders assess the latest research trends, as a result of 52 site visits in Europe and Asia and hundreds of hours of expert interviews, and discuss the implications of their findings for the US government.The authors conclude that while the US remains the quantitative leader in SBE&S research and development, it is very much in danger of losing that edge to Europe and Asia.Commissioned by the National Science Foundation, this multifaceted study will capture the attention of Fortune 500 companies and policymakers.Distinguished contributors: Sharon C Goltzer, University of Michigan, Ann Arbor, USA Sangtae Kim, Morgridge Institute for Research, USA Peter T Cummings, Vanderbilt University, USA and Oak Ridge National Laboratory, USA Abhijit Deshmukh, Texas A&M University, USA Martin Head-Gordon, University of California, Berkeley, USA George Em Karniadakis, Brown University, USA Linda Petzold, University of California, Santa Barbara, USA Celeste Sagui, North Carolina State University, USA Masanobu Shinozuka, University of California, Irvine, USA

From the spontaneous rapid firing of cortical neurons to the spatial diffusion of disease epidemics, biological systems exhibit rich dynamic behaviour over a vast range of time and space scales. Unifying many of these diverse phenomena, Dynamics of Biological Systems provides the computational and mathematical platform from which to understand the underlying processes of the phenomena. Through an extensive tour of various biological systems, the text introduces computational methods for simulating spatial diffusion processes in excitable media, such as the human heart, as well as mathematical tools for dealing with systems of nonlinear ordinary and partial differential equations, such as neuronal activation and disease diffusion. The mathematical models and computer simulations offer insight into the dynamics of temporal and spatial biological systems, including cardiac pacemakers, artificial electrical defibrillation, pandemics, pattern formation, flocking behaviour, the interaction of autonomous agents, and hierarchical and structured network topologies. Tools from complex systems and complex networks are also presented for dealing with real phenomenological systems. With exercises and projects in each chapter, this classroom-tested text shows students how to apply a variety of mathematical and computational techniques to model and analyze the temporal and spatial phenomena of biological systems. MATLAB (R) implementations of algorithms and case studies are available on the author's website.

A ubiquitous tool in mathematical biology and chemical engineering, the chemostat often produces instabilities that pose safety hazards and adversely affect the optimization of bioreactive systems. Singularity theory and bifurcation diagrams together offer a useful framework for addressing these issues. Based on the authors' extensive work in this field, Dynamics of the Chemostat: A Bifurcation Theory Approach explores the use of bifurcation theory to analyze the static and dynamic behavior of the chemostat.

Introduction
The authors first survey the major work that has been carried out on the stability of continuous bioreactors. They next present the modeling approaches used for bioreactive systems, the different kinetic expressions for growth rates, and tools, such as multiplicity, bifurcation, and singularity theory, for analyzing nonlinear systems.

Application
The text moves on to the static and dynamic behavior of the basic unstructured model of the chemostat for constant and variable yield coefficients as well as in the presence of wall attachment. It then covers the dynamics of interacting species, including pure and simple microbial competition, biodegradation of mixed substrates, dynamics of plasmid-bearing and plasmid-free recombinant cultures, and dynamics of predator-prey interactions. The authors also examine dynamics of the chemostat with product formation for various growth models, provide examples of bifurcation theory for studying the operability and dynamics of continuous bioreactor models, and apply elementary concepts of bifurcation theory to analyze the dynamics of a periodically forced bioreactor.

Using singularity theory and bifurcation techniques, this book presents a cohesive mathematical framework for analyzing and modeling the macro- and microscopic interactions occurring in chemostats. The text includes models that describe the intracellular and operating elements of the bioreactive system. It also explains the mathematical theory behind the models.

This book is a collection of articles, some introductory, some extended surveys, and some containing previously unpublished research, on a range of topics linking infinite permutation group theory and model theory. Topics covered include: oligomorphic permutation groups and omega-categorical structures; totally categorical structures and covers; automorphism groups of recursively saturated structures; Jordan groups; Hrushovski's constructions of pseudoplanes; permutation groups of finite Morley rank; applications of permutation group theory to models of set theory without the axiom of choice. There are introductory chapters by the editors on general model theory and permutation theory, recursively saturated structures, and on groups of finite Morley rank. The book is almost self-contained, and should be useful to both a beginning postgraduate student meeting the subject for the first time, and to an active researcher from either of the two main fields looking for an overview of the subject.

This volume contains the selected contributed papers of the BIOMAT 2010 International Symposium which has been organized as a joint conference with the 2010 Annual Meeting of the Society for Mathematical Biology (http: //www.smb.org) by invitation of the Director Board of this Society. The works presented at Tutorial and Plenary Sessions by expert keynote speakers have been also been included.

This book contains state-of-the-art articles on special research topics on mathematical biology, biological physics and mathematical modelling of biosystems; comprehensive reviews on interdisciplinary areas written by prominent leaders of scientific research groups. The treatment is both pedagogical and sufficiently advanced to enhance future scientific research.

This book introduces readers to the principles of laser interaction with biological cells and tissues with varying degrees of organization. In addition to considering the problems of biomedical cell diagnostics, and modeling the scattering of laser irradiation of blood cells for biological structures (dermis, epidermis, vascular plexus), it presents an analytic theory based on solving the wave equation for the electromagnetic field. It discusses a range of mathematical modeling topics, including optical characterization of biological tissue with large-scale and small-scale inhomogeneities in the layers; heating blood vessels using laser irradiation on the outer surface of the skin; and thermo-chemical denaturation of biological structures based on the example of human skin. In this second edition, a new electrodynamic model of the interaction of laser radiation with blood cells is presented for the structure of cells and the in vitro prediction of optical properties. The approach developed makes it possible to determine changes in cell size as well as modifications in their internal structures, such as transformation and polymorphism nucleus scattering, which is of interest for cytological studies. The new model is subsequently used to calculate the size distribution function of irregular-shape particles with a variety of forms and structures, which allows a cytological analysis of the observed deviations from normal cells.

This book Algebraic Modeling Systems - Modeling and Solving Real World Optimization Problems - deals with the aspects of modeling and solving real-world optimization problems in a unique combination. It treats systematically the major algebraic modeling languages (AMLs) and modeling systems (AMLs) used to solve mathematical optimization problems. AMLs helped significantly to increase the usage of mathematical optimization in industry. Therefore it is logical consequence that the GOR (Gesellschaft fur Operations Research) Working Group Mathematical Optimization in Real Life had a second meeting devoted to AMLs, which, after 7 years, followed the original 71st Meeting of the GOR (Gesellschaft fur Operations Research) Working Group Mathematical Optimization in Real Life which was held under the title Modeling Languages in Mathematical Optimization during April 23-25, 2003 in the German Physics Society Conference Building in Bad Honnef, Germany. While the first meeting resulted in the book Modeling Languages in Mathematical Optimization, this book is an offspring of the 86th Meeting of the GOR working group which was again held in Bad Honnef under the title Modeling Languages in Mathematical Optimization.

This monograph has the ambitious aim of developing a mathematical theory of complex biological systems with special attention to the phenomena of ageing, degeneration and repair of biological tissues under individual self-repair actions that may have good potential in medical therapy. The approach to mathematically modeling biological systems needs to tackle the additional difficulties generated by the peculiarities of living matter. These include the lack of invariance principles, abilities to express strategies for individual fitness, heterogeneous behaviors, competition up to proliferative and/or destructive actions, mutations, learning ability, evolution and many others. Applied mathematicians in the field of living systems, especially biological systems, will appreciate the special class of integro-differential equations offered here for modeling at the molecular, cellular and tissue scales. A unique perspective is also presented with a number of case studies in biological modeling.

This book introduces the method of lower and upper solutions for ordinary differential equations. This method is known to be both easy and powerful to solve second order boundary value problems. Besides an extensive introduction to the method, the first half of the book describes some recent and more involved results on this subject. These concern the combined use of the method with degree theory, with variational methods and positive operators. The second half of the book concerns applications. This part exemplifies the method and provides the reader with a fairly large introduction to the problematic of boundary value problems. Although the book concerns mainly ordinary differential equations, some attention is given to other settings such as partial differential equations or functional differential equations. A detailed history of the problem is described in the introduction.
- Presents the fundamental features of the method
- Construction of lower and upper solutions in problems
- Working applications and illustrated theorems by examples
- Description of the history of the method and Bibliographical notes

Mathematics for the Environment shows how to employ simple mathematical tools, such as arithmetic, to uncover fundamental conflicts between the logic of human civilization and the logic of Nature. These tools can then be used to understand and effectively deal with economic, environmental, and social issues. With elementary mathematics, the book seeks answers to a host of real-life questions, including: * How safe is our food and will it be affordable in the future? * What are the simple lessons to be learned from the economic meltdown of 2008-2009? * Is global climate change happening? * Were some humans really doing serious mathematical thinking 50,000 years ago? * What does the second law of thermodynamics have to do with economics? * How can identity theft be prevented? * What does a mathematical proof prove? A truly interdisciplinary, concrete study of mathematics, this classroom-tested text discusses the importance of certain mathematical principles and concepts, such as fuzzy logic, feedback, deductive systems, fractions, and logarithms, in various areas other than pure mathematics. It teaches students how to make informed choices using fundamental mathematical tools, encouraging them to find solutions to critical real-world problems.

Describing novel mathematical concepts for recommendation engines, Realtime Data Mining: Self-Learning Techniques for Recommendation Engines features a sound mathematical framework unifying approaches based on control and learning theories, tensor factorization, and hierarchical methods. Furthermore, it presents promising results of numerous experiments on real-world data. The area of realtime data mining is currently developing at an exceptionally dynamic pace, and realtime data mining systems are the counterpart of today's "classic" data mining systems. Whereas the latter learn from historical data and then use it to deduce necessary actions, realtime analytics systems learn and act continuously and autonomously. In the vanguard of these new analytics systems are recommendation engines. They are principally found on the Internet, where all information is available in realtime and an immediate feedback is guaranteed. This monograph appeals to computer scientists and specialists in machine learning, especially from the area of recommender systems, because it conveys a new way of realtime thinking by considering recommendation tasks as control-theoretic problems. Realtime Data Mining: Self-Learning Techniques for Recommendation Engines will also interest application-oriented mathematicians because it consistently combines some of the most promising mathematical areas, namely control theory, multilevel approximation, and tensor factorization.