Abstract: The following research paper reviews the practice of operations research techniques in the financial market. The main problems faced in a financial market are individually identified and the ways OR techniques creates solutions for each issues are highlighted. OR techniques formulate such problems into mathematical problems and provide feasible solutions. Financial problems are numerical in nature with set objectives, having clear relationships between variables, thus it is appropriate for the application of OR techniques. With time OR has started playing a crucial role in the operations of the financial markets. This study will focus on various techniques like Monte Carlo Simulation, Decision trees, Game theory, Quadratic Programming Problem, Linear Goal Programming, Arbitrage Theory and many more techniques. Through the following research the increasing importance of these techniques in the financial market will be highlighted.
Keywords: operation research techniques, financial problems, mathematical problems.
Title: Role of Operations Research Techniques in Financial Market
Author: Shimoni Agarwal, Serena Bharati, Shresht Garg, Shreyan Goyel, Shrey Khurana
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
Research Publish Journals
