This book takes recent theoretical advances in Finance and Economics and shows how they can be implemented in the real world. It presents tactics for using mathematical and simulation models to solve complex tasks of forecasting income, valuing businesses, predicting retail sales, and evaluating markets and tax and regulatory problems.
Business Economics and Finance with Matlab, GIS, and Simulation Models provides a unique overview of sophisticated business and financial applications. It describes models that have been developed for analysis of retail sales, tax policy, location, economic impact, public policy issues, and other challenges faced by executives, investors, and economists on a daily basis. It also offers groundbreaking insight into the many calculation and modeling tools that can be remotely hosted and run over the Internet, resulting in substantial user benefits and cost savings.
This book is the first to fully explore the capabilities of MATLAB in the field of business economics, and explain how the benefits of sophisticated mathematical models can be provided to users via the Internet, using a thin-client environment. Many techniques directly incorporate geographic information and GIS in a way that was impossible until quite recently. Some techniques, such as fuzzy logic, retail sales, economic and fiscal impact models, and other Matlab and Simulink models, are described for the first time in print in this book. The sections on business income and value break new ground by directly incorporating uncertainty, real option value, and prediction of variables using Ito and jump processes. Using dozens of examples, hundreds of references, and rigorous explanations of both theory and practice, it will become a prized reference for analysts demanding the best techniques.
Bringing Analytic Power to the Internet. Sharing and Displaying Information on the Web. MATLAB and Simulink Design Guidelines. Library Functions for Business Economics. Economic and Fiscal Impact Models. Applications for Finance, Manufacturing, Public Policy and other fields. Fuzzy Logic Business Applications. Modeling Retail Sales. Applications for Public Policy. Graphics.
“This book presents tactics for using mathematical and simulation models to solve complex tasks of forecasting income, valuing business, predicting retail sales, evaluating markets, and solving tax and regulatory problems. It offers insight into the many calculation and modeling tools that can be remoted hosted and run over the internet. It explores the capabilities of MATLAB in business economics. Some techniques as for example fuzzy logic, retail sales, economic and fiscal impact models, and other MATLAB and Simulink models are described. … This book is for economics, finance and valuation professionals, market researchers, public policy analysts, teachers and students in graduate level classes in applied economics, and other practitioners demanding the ability to model market behavior under varying real-world conditions. …”
— Klaus Ehemann, in Zentralblatt MATH, Vol. 1081, 2006/07