Control Engineering And Finance
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MODERN CONTROL ENGINEERING
Author: D. ROY CHOUDHURY
language: en
Publisher: PHI Learning Pvt. Ltd.
Release Date: 2005-01-01
This book represents an attempt to organize and unify the diverse methods of analysis of feedback control systems and presents the fundamentals explicitly and clearly. The scope of the text is such that it can be used for a two-semester course in control systems at the level of undergraduate students in any of the various branches of engineering (electrical, aeronautical, mechanical, and chemical). Emphasis is on the development of basic theory. The text is easy to follow and contains many examples to reinforce the understanding of the theory. Several software programs have been developed in MATLAB platform for better understanding of design of control systems. Many varied problems are included at the end of each chapter. The basic principles and fundamental concepts of feedback control systems, using the conventional frequency domain and time-domain approaches, are presented in a clearly accessible form in the first portion (chapters 1 through 10). The later portion (chapters 11 through 14) provides a thorough understanding of concepts such as state space, controllability, and observability. Students are also acquainted with the techniques available for analysing discrete-data and nonlinear systems. The hallmark feature of this text is that it helps the reader gain a sound understanding of both modern and classical topics in control engineering.
Practical Methods of Financial Engineering and Risk Management
Risk control, capital allocation, and realistic derivative pricing and hedging are critical concerns for major financial institutions and individual traders alike. Events from the collapse of Lehman Brothers to the Greek sovereign debt crisis demonstrate the urgent and abiding need for statistical tools adequate to measure and anticipate the amplitude of potential swings in the financial markets—from ordinary stock price and interest rate moves, to defaults, to those increasingly frequent "rare events" fashionably called black swan events. Yet many on Wall Street continue to rely on standard models based on artificially simplified assumptions that can lead to systematic (and sometimes catastrophic) underestimation of real risks. In Practical Methods of Financial Engineering and Risk Management, Dr. Rupak Chatterjee— former director of the multi-asset quantitative research group at Citi—introduces finance professionals and advanced students to the latest concepts, tools, valuation techniques, and analytic measures being deployed by the more discerning and responsive Wall Street practitioners, on all operational scales from day trading to institutional strategy, to model and analyze more faithfully the real behavior and risk exposure of financial markets in the cold light of the post-2008 realities. Until one masters this modern skill set, one cannot allocate risk capital properly, price and hedge derivative securities realistically, or risk-manage positions from the multiple perspectives of market risk, credit risk, counterparty risk, and systemic risk. The book assumes a working knowledge of calculus, statistics, and Excel, but it teaches techniques from statistical analysis, probability, and stochastic processes sufficient to enable the reader to calibrate probability distributions and create the simulations that are used on Wall Street to valuate various financial instruments correctly, model the risk dimensions of trading strategies, and perform the numerically intensive analysis of risk measures required by various regulatory agencies.
Advanced Control Engineering
Author: Roland Burns
language: en
Publisher: Butterworth-Heinemann
Release Date: 2001-11-07
Advanced Control Engineering provides a complete course in control engineering for undergraduates of all technical disciplines. Included are real-life case studies, numerous problems, and accompanying MatLab programs.