Pricing exotic options using C++
- Authors: Nhongo, Tawuya D R
- Date: 2007
- Subjects: C++ (Computer program language) , Monte Carlo method , Simulation methods , Options (Finance) -- Mathematical models , Pricing -- Mathematical models
- Language: English
- Type: Thesis , Masters , MSc
- Identifier: vital:5577 , http://hdl.handle.net/10962/d1008373 , C++ (Computer program language) , Monte Carlo method , Simulation methods , Options (Finance) -- Mathematical models , Pricing -- Mathematical models
- Description: This document demonstrates the use of the C++ programming language as a simulation tool in the efficient pricing of exotic European options. Extensions to the basic problem of simulation pricing are undertaken including variance reduction by conditional expectation, control and antithetic variates. Ultimately we were able to produce a modularized, easily extend-able program which effectively makes use of Monte Carlo simulation techniques to price lookback, Asian and barrier exotic options. Theories of variance reduction were validated except in cases where we used control variates in combination with the other variance reduction techniques in which case we observed increased variance. Again, the main aim of this half thesis was to produce a C++ program which would produce stable pricings of exotic options.
- Full Text:
- Date Issued: 2007
- Authors: Nhongo, Tawuya D R
- Date: 2007
- Subjects: C++ (Computer program language) , Monte Carlo method , Simulation methods , Options (Finance) -- Mathematical models , Pricing -- Mathematical models
- Language: English
- Type: Thesis , Masters , MSc
- Identifier: vital:5577 , http://hdl.handle.net/10962/d1008373 , C++ (Computer program language) , Monte Carlo method , Simulation methods , Options (Finance) -- Mathematical models , Pricing -- Mathematical models
- Description: This document demonstrates the use of the C++ programming language as a simulation tool in the efficient pricing of exotic European options. Extensions to the basic problem of simulation pricing are undertaken including variance reduction by conditional expectation, control and antithetic variates. Ultimately we were able to produce a modularized, easily extend-able program which effectively makes use of Monte Carlo simulation techniques to price lookback, Asian and barrier exotic options. Theories of variance reduction were validated except in cases where we used control variates in combination with the other variance reduction techniques in which case we observed increased variance. Again, the main aim of this half thesis was to produce a C++ program which would produce stable pricings of exotic options.
- Full Text:
- Date Issued: 2007
The principal's leadership role in a successful rural school in Namibia
- Authors: Kawana, Joseph Jost
- Date: 2007
- Subjects: Rural schools -- Namibia School principals -- Namibia Educational leadership -- Namibia School management and organization -- Namibia
- Language: English
- Type: Thesis , Masters , MEd
- Identifier: vital:1713 , http://hdl.handle.net/10962/d1003596
- Description: Rural schools generally find it hard to function effectively for a variety of reasons, and managing and leading these schools brings additional challenges. This study explored the role of the principal in an academically successful rural school in Namibia. It drew on leadership theory and findings from related studies to make sense of this particular case of leadership against the odds. Using the interpretive orientation, the research explored selected organisation members’ perceptions of the principal’s leadership through semi-structured interviews. The study found that the actions and attitudes of the leader had a significant influence on the school’s performance. The manner in which the principal conducted himself, the shared vision he encouraged and his insistence on associating with all stakeholders involved in education, were instrumental in the organization’s positive achievements. The principal was shown as committed and a leader with good interpersonal working relationships. The study also revealed that this principal was both a person- and taskoriented leader, and closely resembled the ideals of transformational leadership. This study further found that, through the principal’s instructional leadership, teaching and learning are seen as the core of the school’s activities. Finally, the principal’s leadership role opens the school to the community and results in strong and mutually beneficial relationships between the school and its community.
- Full Text:
- Date Issued: 2007
- Authors: Kawana, Joseph Jost
- Date: 2007
- Subjects: Rural schools -- Namibia School principals -- Namibia Educational leadership -- Namibia School management and organization -- Namibia
- Language: English
- Type: Thesis , Masters , MEd
- Identifier: vital:1713 , http://hdl.handle.net/10962/d1003596
- Description: Rural schools generally find it hard to function effectively for a variety of reasons, and managing and leading these schools brings additional challenges. This study explored the role of the principal in an academically successful rural school in Namibia. It drew on leadership theory and findings from related studies to make sense of this particular case of leadership against the odds. Using the interpretive orientation, the research explored selected organisation members’ perceptions of the principal’s leadership through semi-structured interviews. The study found that the actions and attitudes of the leader had a significant influence on the school’s performance. The manner in which the principal conducted himself, the shared vision he encouraged and his insistence on associating with all stakeholders involved in education, were instrumental in the organization’s positive achievements. The principal was shown as committed and a leader with good interpersonal working relationships. The study also revealed that this principal was both a person- and taskoriented leader, and closely resembled the ideals of transformational leadership. This study further found that, through the principal’s instructional leadership, teaching and learning are seen as the core of the school’s activities. Finally, the principal’s leadership role opens the school to the community and results in strong and mutually beneficial relationships between the school and its community.
- Full Text:
- Date Issued: 2007
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