cases. Application of Integration to marginal analysis. Consumer’s and Producer’s Surplus, Rate of Sales and the Learning Curve. Unit 4. Mathematics of Finance Lectures 10 Compounding and discounting of a sum using different types of rates. Types of annuities, like ordinary, due, deferred, continuous, perpetual, and their future and present values using different types of rates of interest. Depreciation of Assets. (General annuities to be excluded) Unit 5. Linear Programming Lectures 17 Formulation of linear programming problems (LPP). Graphical solution to LPPs. Cases of unique and multiple optimal solutions. Unbounded solutions and infeasibility, and redundant constraints. Solution to LPPs using Simplex method maximization and minimization cases. – Suggested Readings: Anthony, M. and N. Mathematics for Economics and Finance. Cambridge University Press. Ayres, Frank Jr. Theory and Problems of Mathematics of Finance. Schaum’s Outlines Series. McGraw Hill Publishing Co. Budnick, P. Applied Mathematics. McGraw Hill Publishing Co. Dowling, E.T. Mathematics for Economics, Schaum’s Outlines Series. McGraw Hill Publishing Co. Mizrahi and John Sullivan. Mathematics for Business and Social Sciences. Wiley and Sons. Wikes, F.M. Mathematics for Business, Finance and Economics. Thomson Learning. Prasad, Bindra and P.K. Mittal. Fundamentals of Business Mathematics. Har-Anand Publications. Thukral, J.K. Publications. Mathematics for Business Studies. Vohra, N.D. Quantitative Techniques in Management. Tata McGraw Hill Publishing Company. R.S. Business Mathematics. Pitambar Publishing House. J. K. Business Mathematics. Himalaya Publishing House. Semester III –
cases. Application of Integration to marginal analysis. Consumer’s and Producer’s Surplus, Rate of Sales and the Learning Curve. Unit 4. Mathematics of Finance Lectures 10 Compounding and discounting of a sum using different types of rates. Types of annuities, like ordinary, due, deferred, continuous, perpetual, and their future and present values using different types of rates of interest. Depreciation of Assets. (General annuities to be excluded) Unit 5. Linear Programming Lectures 17 Formulation of linear programming problems (LPP). Graphical solution to LPPs. Cases of unique and multiple optimal solutions. Unbounded solutions and infeasibility, and redundant constraints. Solution to LPPs using Simplex method – maximization and minimization cases. Suggested Readings: Anthony, M. and N. Mathematics for Economics and Finance. Cambridge University Press. Ayres, Frank Jr. Theory and Problems of Mathematics of Finance. Schaum’s Outlines Series. McGraw Hill Publishing Co. Budnick, P. Applied Mathematics. McGraw Hill Publishing Co. Dowling, E.T. Mathematics for Economics, Schaum’s Outlines Series. McGraw Hill Publishing Co. Mizrahi and John Sullivan. Mathematics for Business and Social Sciences. Wiley and Sons. Wikes, F.M. Mathematics for Business, Finance and Economics. Thomson Learning. Prasad, Bindra and P.K. Mittal. Fundamentals of Business Mathematics. Har-Anand Publications. Thukral, J.K. Mathematics for Business Studies. Publications. Vohra, N.D. Quantitative Techniques in Management. Tata McGraw Hill Publishing Company. R.S. Business Mathematics. Pitambar Publishing House. J. K. Business Mathematics. Himalaya Publishing House. Semester – III