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SIM.JS is a general-purpose Discrete Event Simulation library written entirely in JavaScript. Runs in browser and a GUI-based modeling tool is supported. SimPy: Python: Library November 12, 2023 (4.1.1) [24] MIT: SimPy is a process-based discrete-event simulation framework based on standard Python. [25] Simula: Simula: Language June 1, 1967
Financial modeling is the task of building an abstract representation (a model) of a real world financial situation. [1] This is a mathematical model designed to represent (a simplified version of) the performance of a financial asset or portfolio of a business, project, or any other investment. Typically, then, financial modeling is understood ...
In the last few years, the agent-based modeling (ABM) community has developed several practical agent based modeling toolkits that enable individuals to develop agent-based applications. More and more such toolkits are coming into existence, and each toolkit has a variety of characteristics.
GNU Octave - an open-source mathematical modeling and simulation software very similar to using the same language as MATLAB and Freemat. JModelica.org is a free and open source software platform based on the Modelica modeling language. Mobility Testbed - an open-source multi-agent simulation testbed for transport coordination algorithms.
Computational finance is a branch of applied computer science that deals with problems of practical interest in finance. [1] Some slightly different definitions are the study of data and algorithms currently used in finance [2] and the mathematics of computer programs that realize financial models or systems. [3]
In a 1987 review of the program in BioScience, Robert Costanza wrote that "STELLA is a solid program–well planned and executed–that breaks new ground." [ 3 ] He praised its ease of use as beneficial both to beginners interested in learning how to build models and experts who could use it to test components of more complex models. [ 3 ]
Mathematical finance, also known as quantitative finance and financial mathematics, is a field of applied mathematics, concerned with mathematical modeling in the financial field. In general, there exist two separate branches of finance that require advanced quantitative techniques: derivatives pricing on the one hand, and risk and portfolio ...
Financial risk modeling is the use of formal mathematical and econometric techniques to measure, monitor and control the market risk, credit risk, and operational risk on a firm's balance sheet, on a bank's accounting ledger of tradeable financial assets, or of a fund manager's portfolio value; see Financial risk management. Risk modeling is ...