Operations Research Models in Quantitative Finance

The articles included in the volume cover a range of diverse topics linked by a common theme: the use of formal modelling techniques to promote better understanding of financial markets and improve management of financial operations.
Apart from a theoretical discussion, most of the papers model validation or verification using market data. This collection of articles sets the framework for other studies that could link theory and practice.

1 Generals. - A Modern Approach to Performance Measurement for Insurers. - Multi-Stage Financial Planning System. - Financial Regulation and Multi-tier Financial Intermediation Systems. - 2 Theoretical or Conceptual Modeling. - Immunization Startegies in Linear Models. - Some Alternatives and Numerical Results in Binomial Put Option Pricing. - Expected Utility without Utility: A Model of Portfolio Selection. - Theoretical and Empirical Aspects of the Relation between Interest Rates and Common Stock Returns. - Stochastic Programming Models for Portfolio Optimization with Mortgage Backed Securities: Comprehensive Research Guide. - Shortfall Risk for Multiperiod Investment Returns. - 3 Empirical Modeling and Analysis. - Stock Returns: An Analysis of the Italian Market with GARCH Models. - Embedded Option Pricing on Interest-Rate Sensitive Securities in the Italian Market. - Mean Reversion at the Dutch Stock Exchange? . - Low Fat Modeling and Reinsurance Induced Solvency.