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Financial Engineers at Mitsubishi UFJ Securities International Use Maple in Multi-asset Product Development
The latest release of Maple offers quantitative finance professionals a platform for maximizing their productivity and efficiency. Maple’s powerful mathematical engine and sophisticated algorithms deliver a rich environment for modeling financial products and for process optimization. “In the world of financial options, analytical results are not always obvious, and testing for their existence can be a tedious and lengthy process. Employing Maple makes it very different; if a symbolic solution exists, Maple finds it quickly and correctly,” said Igor Hlivka of Mitsubishi UFJ Securities International. He recently developed a series of applications using Maple for multi-asset product development and for deriving semi-analytical solutions to non-standard options where multivariate stochastic processes play a determining role
Electricité de France uses Maple to reduce secondary circuit risks in nuclear power plants
Maple was used by National Center of Nuclear Equipment (CNEN) of Electricité de France (EDF) in France to develop, validate, and research a predictive maintenance software program. The EDF software, called BRT-CICERO, is used to develop inspection programs for pipe networks in the engine rooms of French nuclear power plants.“We have been very impressed with the speed of Maple’s mathematical computation, graphical strength, and very strong interactive document interface. The automatic code generation, directly from equations, allowed us to automate and considerably speed up development of our validation tools,” commented Mr. Bouvier, who leads application development.
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RMIT University in Australia transforms teaching and assessment using Maple
With the rapid advancement of technology and the introduction of powerful software tools, engineers are increasingly using software products for computation and design. To prepare their engineering students for the job market, the faculty at RMIT University in Melbourne faced the challenge of introducing several software products into the engineering curriculum. It was Maple from Maplesoft, the world-leading tool for solving complex mathematical problems and creating rich technical documents that met their curriculum needs and proved to be most effective in their teaching.
Professor of Mathematics redefines math education with the help of Maple
“Mathematics is not old or static; it is alive and students need to experience it,”exclaims Professor Laureano Gonzalez-Vega, describing his philosophy on math education. In his years of teaching, Prof. Gonzalez-Vega has realized that students spend a lot of time trying to understand the mathematic and scientific formulas that are the basis for concepts in scientific or engineering programs, often without much success. He introduced Maple in his courses and Prof. Gonzalez-Vega noticed positive changes in his students’ approach and in their results. With the new software, the students found it much easier and faster to solve problems and understand the mathematics.
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