This paper introduces MD*Crypt as a means of distributing statistical methods and computing power. This paper explores MD*Crypt regarding topics of education. The role of MD*Crypt in projects associated with teaching statistics is examined. In an outlook, the potential of the MD*Serv /MD*Crypt...

Autonomous agents are widely applied to automate interactions in robotics,e.g. for selling and purchasing goods on eBay, and in financial markets, e.g. in theform of quote machines and algorithmic traders. Current research investigates efficienteconomic mechanisms that fully automate the...

Grid technologies and the related concepts of utility computing and cloud computingenable the dynamic sourcing of computer resources and services, thus allowing enterprisesto cut down on hardware and software expenses and to focus on key competencies andprocesses. Resources are shared across...

In recent years, Grid infrastructures have proven to be invaluable in the areaof scientific computing and high-performance computing (HPC). However,the use of Grid infrastructures in complex business scenarios remains an openresearch topic. A major goal of the ValueGrids project, funded by the...

In this paper we present two parallel Monte Carlo based algorithms for pricing multi-dimensional Bermudan/American options. First approach relies on computation of the optimal exercise boundary while the second relies on classification of continuation and exercise values. We also evaluate the...

Based on the promising developments in Cloud Computing technologies in recent years, commercial computing resource services (e.g. Amazon EC2) or software-as-a-service offerings (e.g. Salesforce.com) came into existence. However, the relatively weak business exploitation, participation, and...