The whole picture of Mathematical Modeling is systematically and thoroughly explained in this text for undergraduate and graduate students of mathematics, engineering, economics, finance, biology, ...

Learn about the Black-Scholes model, how it works, and how its formula helps estimate fair option prices by weighing ...

One use of mathematical models of epidemics is thought experiments to aid scientists in reasoning from premise to conclusion in complex systems. Quite a few models of the Covid-19 pandemic have now ...

"What's the difference between mathematical optimization and machine learning?" This is a question that — as the CEO of a mathematical optimization software company — I get asked all the time.

The application of Cox proportional hazards (CoxPH) models to survival data and the derivation of hazard ratio (HR) are well established. Although nonlinear, tree-based machine learning (ML) models ...