Numerical analysis: Difference between revisions

Revision as of 21:20, 6 October 2023

Revision as of 21:24, 6 October 2023

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* Computing the trajectory of a spacecraft requires the accurate numerical solution of a system of ordinary differential equations.

* Car companies can improve the crash safety of their vehicles by using computer simulations of car crashes. Such simulations essentially consist of solving [[partial differential equation]]s numerically.

* [[Hedge fund]]s (private investment funds) use tools[[quantitative fromfinance]] alltools fields offrom numerical analysis to attempt to calculate the value of [[stock]]s and [[Derivative (finance)|derivatives]] more precisely than other market participants.{{<ref>

Stephen Blyth.

Citation needed|date=October 2023

[https://www.google.com/books/edition/An_Introduction_to_Quantitative_Finance/SXbcAAAAQBAJ "An Introduction to Quantitative Finance"].

}}

2013.

page VII.

</ref>

* Airlines use sophisticated optimization algorithms to decide ticket prices, airplane and crew assignments and fuel needs. Historically, such algorithms were developed within the overlapping field of [[operations research]].

* Insurance companies use numerical programs for [[Actuary|actuarial]] analysis.