Introduction to Mathematical Modeling Institute

First, the main research direction and significance

1. Financial mathematical model.

Mathematics brings new perspectives and new ideas to the financial field. Once the abstract mathematical tools are accurately cut into the financial market, it is very practical and valuable. Financial markets refer to financial securities markets such as bonds, funds, stocks, futures and options. After the Second World War, due to the rapid development of the US economy, its financial market continued to improve, with the goal of preventing, controlling and defusing financial risks. Product and financial derivatives are emerging. Without the mathematical statistics foundation, it is very difficult for people who do not understand financial mathematical models to have outstanding performance in the financial market. Based on the establishment of financial mathematical models to solve the problem of financial derivative securities pricing and securities investment decision-making, Markowitz's portfolio theory and Black and Scholes' option pricing equations have brought modern financial theory into a new development. At the stage, the main impacts of various financial economic models are: efficient market theory, portfolio theory, capital asset pricing model, arbitrage pricing theory, option pricing equation and asset structure theory.

2. College students' mathematical modeling teaching and competition training.

The Mathematical Modeling Institute is dedicated to the teaching and training of mathematical modeling competitions, mathematics competitions, data mining competitions, financial quantitative investment competitions, and the transformation of results after the game. Organize the school competition of mathematics modeling of Hubei University of Economics, organize the national mathematics competition for college students, the national mathematical modeling contest for graduate students, the mathematical modeling competition for American college students, organize the national mathematics competition for college students, the higher mathematics competition for college students in Hubei Province, and organize data mining competitions. Relying on the work of organizing financial quantitative investment competitions, we actively cultivated innovative and applied talents in economics and management, and actively hatched high-level scientific research results. As of November 2016, under the guidance of the Institute of Mathematical Modeling, Hubei University of Economics has won 6 national first prizes, 15 national second prizes, and 80 provincial awards. The American Mathematical Modeling Competition has 2 first prizes and 24 second prizes.

Second, the characteristics of research institutions, construction goals, research ideas, measures

The Institute of Mathematical Modeling of Hubei University of Economics was established to use quantitative analysis models and information calculation tools such as MATLAB, LINGO, SPSS, R, Python, etc. to conduct empirical research and quantitative analysis on major economic and financial issues, and to study the theory of economic and financial fields. Subjects and practical issues; actively organize students' mathematical modeling, data mining and quantitative investment in course training and competition, and actively carry out in-depth research and transformation of students' post-game results, and then form high-level scientific research results. At the same time, the establishment and operation of the institute is conducive to the individualized training of students, and is conducive to teachers participating in domestic and foreign advanced training, participating in high-level academic conferences, and publishing high-level academic papers.

The research ideas and measures are: rationally construct the operation mechanism of the financial measurement analysis discussion class, actively go out and connect with relevant professional teachers and enterprises to carry out research on the subject and actual problems, and push the research and application of financial mathematical modeling analysis to the formality as soon as possible. . On the basis of the organization and outstanding achievements of the previous digital model competition, we will actively improve the rules and regulations, the reward and punishment methods, the entry and exit mechanism of the competition coaches and the training and training plan for each discipline competition organization, and perfect the establishment of measurement analysis and student competition. The database, and the hardware and software facilities of the relevant computing platform, actively promote the in-depth research and transformation of student competition results, and strive for more excellent results.