In this paper we show how the mathematical programming package Mathcad can be used to complement the construction of a binomial option tree in Excel. A binomial option tree is first constructed in Excel using standard spreadsheet 'cut and paste' operations. The same binomial tree is then...

In recent years banks in emerging and transition economies throughout the world have been compelled to change lending and financial reporting practices in response to the economic transition of their countries. Correspondingly, on the basis of the theory of soft budget constraints (SBC),...

This paper introduces a Mathcad program for teaching optimisation. The program, which involves a portfolio of equity shares, is less code oriented than GAMS and reinforces mathematical notation to a greater extent than the Excel solver. Also, the program adjusts automatically for alternative...