In recent decades nations around the world have experienced financial crisis. In some cases political leaders have contributed to the suddenness and magnitude of the crisis by initially providing overly optimistic assertions concerning the potential benefits of their financial liberalisation...

This paper introduces a Mathcad program for teaching optimisation. The program, which involves a portfolio of equity shares, is less code oriented than GAMS and reinforces mathematical notation to a greater extent than the Excel solver. Also, the program adjusts automatically for alternative...

In this paper we show how the mathematical programming package Mathcad can be used to complement the construction of a binomial option tree in Excel. A binomial option tree is first constructed in Excel using standard spreadsheet 'cut and paste' operations. The same binomial tree is then...