Analogy in contemporary engineering economy: Mortgage loan and bond pricing
Refereed conference paper presented and published in conference proceedings

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AbstractTwo topics of social relevance, mortgage loan and bond pricing, have not received sufficient attention in engineering economy, though they are of considerable importance in real estate and corporate finance. In this paper we discuss some fundamentals for both topics using the basic TVM (Time-Value-Money) and NPV (Net-Present-Value) principles, and derive the closed form equations and iterative forms and their equivalence. Drawing upon an analogy between the computations for mortgage and bond, we apply cognitive modeling for problem solving using a financial calculaor as an effective engineering tool. ©2010 IEEE.
All Author(s) ListLam K.P.
Name of ConferenceIEEE International Conference on Industrial Engineering and Engineering Management, IEEM2010
Start Date of Conference07/12/2010
End Date of Conference10/12/2010
Place of ConferenceMacao
Country/Region of ConferenceChina
Detailed descriptionorganized by IEEE,
Pages1982 - 1984
LanguagesEnglish-United Kingdom

Last updated on 2020-07-08 at 23:49