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Laboratory for Computation in Finance and Commerce
Welcome to the L.C.F.C.
|| The LABORATORY for COMPUTATION in FINANCE and COMMERCE is a partnership between academia and industry,
designed to promote research in computer science for innovative
applications in finance and commerce. The Laboratory's focus is on
computational and algorithmic aspects of quantitative or discrete
modeling and problem solving.
|| The design of tractable computational models and
efficient algorithms is becoming increasingly important for many
applications in finance and commerce. While much progress has been
made in the use of quantitative modeling techniques, for example, in
the area of financial management, the computational challenges
encountered in applying these models to real-world problems have
largely been neglected. Similarly, many discrete and combinatorial
problems lack efficient algorithms for either exact or approximate
|| The research conducted at the LCFC aims at addressing
these challenges by building on methods from all areas of computer
science. The Laboratory unites expertise from many areas, inculding
theoretical computer science, combinatorial optimization, artificial
intelligence, and computer systems research.
|| The LCFC is working towards the creation of a novel
concentration area "Computation in Finance and Commerce" as part of the
Computer Science curriculum.
|| The Laboratory is currently looking for sponsorship and
support from industrial partners. An ongoing project in Computational
Problems in Valuation and Management of Inventory, is
sponsored by a research grant from Goldman & Sachs.