Journal of the Korean Society for Industrial and Applied Mathematics

Korean Society for Industrial and Applied Mathematics (한국산업응용수학회)
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MOBILE PLATFORM FOR PRICING OF EQUITY-LINKED SECURITIES

  • JIAN, WANG (DEPARTMENT OF MATHEMATICS, KOREA UNIVERSITY) ;
  • BAN, JUNGYUP (DEPARTMENT OF FINANCIAL ENGINEERING, KOREA UNIVERSITY) ;
  • HAN, JUNHEE (DEPARTMENT OF FINANCIAL ENGINEERING, KOREA UNIVERSITY) ;
  • LEE, SEONGJIN (DEPARTMENT OF FINANCIAL ENGINEERING, KOREA UNIVERSITY) ;
  • JEONG, DARAE (DEPARTMENT OF MATHEMATICS, KOREA UNIVERSITY)
  • Received : 2017.09.04
  • Accepted : 2017.09.18
  • Published : 2017.09.25
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Abstract

In this paper, we develop a mobile platform for pricing equity linked securities(ELS) using Monte Carlo simulation. Mobile phone or smartphone is an important part of most people's lives and has become an everyday item at the present day. Moreover, importance of technologies for anytime and anywhere is increasing daily. Thus, we construct a mobile computing environment for pricing ELS instead of desktops or laptop computers. We provide a detailed Java programming code and a process manual to easily follow up all processes of this paper.

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