2012 programme

Isle of Man Mathematical Society

Programme for 2012

 

 

16^th February             Members’ Evening                  Puzzles and games

 

Feb Half – term         Mathematical Challenge for years 5 and 6 pupils in primary schools

 

15^th March                 Members’ Evening                  Visit to the Original Manx Fudge Factory

                                                                                    Balthane , Ballasalla  6.30 pm start

 

19^th April                    Members Evening                   Ben Fairfax

‘Efficient Encapsulation of Mathematics within Software Component Packages’

 

17^th May                     Members Evening                   Kathleen Trustrum

                                                                                    ‘The Calendar’

21^st June                     Members’ Evening                  John Harper

                                                                                    ‘Green Energy’                      

20^th September           Members Evening                   Thomas Morfett

                                                                                    The work of an Actuary

 

25^th October               Members’ Evening                  Guest lecturer for Sixth form Symposium

 

26^th October               Sixth Form Symposium at Ramsey Grammar School

                                    Guest lecturer – to be announced

 

15^th November                       AGM

 

 

 

All Members’ Evenings will be at Yn Ynnyd Chegney, Crosby unless stated above

 

Meetings will commence at 7.45 p.m..

Efficient Encapsulation of Mathematics within Software Component Packages, 19th April 2012, at 7:45pm Yn Ynnyd Chegney, Crosby

Overview: A Software Component (i.e. DLL or JAR) is a piece of technical or business functionality embedded within a self-contained software artifact which can be re-used across an organisation or industry. The value of Software Components is that they enable the re-use of software which leads to significant reductions in the cost, time and expertise required in order to undertake a given software development project.

Topics Covered:

0) Introduction: What are Business Software Components? How Components turn business domain experts into programmers and programmers into business domain experts?

1) Modern Component Platforms: Which platforms support components and how? The advantages and disadvantages of the various platforms?

2) Using Components: How to use a Component within the three generic types of client application?

3) Making Components: How can an existing development team most efficiently start creating re-usable software component packages? Here we will detail many aspects of our internal development process and build systems which have been refined over a number of years which enable a team to efficiently create multi-platform software component packages.

About the Speaker: Ben is originally from West Sussex (England) and was educated at the Universities of London, Cambridge and MIT (US). After completing his PhD in Mathematics in 1999, Ben founded WebCab Components a software Component vendor in Bucharest, Romania. In April 2006, he relocated himself, and his business to the Isle of Man and continues to develop Component Based Software solutions.

Who is the most influential researcher in mathematics today? (26th March 2009)

Speaker: Dr Quentin L Burrell

Overview: In seeking the most influential research mathematician, we first need to ask how we should measure influence. In 2005, Jorge Hirsch proposed an index to reflect the importance of research physicists based upon their productivity – through publications – and influence – through the citations that they gathered. Already the idea has been extended to other academic fields and more general areas of application.

In this talk we will look at how the index is calculated and indicate some pros and cons. We will then seek to explore the essential elements of the index via a simple mathematical model for the way that scientists publish their work and gather citations. This will be illustrated by a specific real-life example. Agreement between the theoretical model and the empirical evidence is encouraging but we will highlight some discrepancies.

Note that the question posed in the title will not be answered, but you will at least find out how to do it yourself – with a little help from the internet!

All Members’ Evenings will be at Yn Ynnyd Chegney, Crosby unless stated above

Meetings will commence at 7.45 p.m..

‘Confessions of an industrial mathematician’

Time and Location: 7:45pm on Thursday 23rd October 2008 at Yn Ynnyd Chegney (see directions below)
Spreaker: Professor Chris Budd

About the Speaker: Professor Chris Budd hold the chair of Applied Mathematics at the University of Bath and is also a Professor of Mathematics at the Royal Institution of Great Britain. Further details about Chris and his work can be found of his web site at:

http://people.bath.ac.uk/mascjb/

in particular Chris commented: “I am interested in the theory, application and computation of nonlinear problems (linear problems are for cissies) with special interest in problems which arise in industry.”

Directions: The presentation will take place at Yn Ynnyd Chegney, which is the Department of Education Language facility on Old Church Road, Crosby. From Douglas take the main road to Peel and turn left immediately after Crosby Post office. Follow the road up the hill YYC is the first building on the right towards the top of the hill.

Click here for Yn Ynnyd Chegney on Google Maps

An insider’s expose of the construction, pricing and distribution of Protected Equity Products

Time and Location: 7:30pm on 18th September 2008 at Yn Ynnyd Chegney (see directions below)

Speaker: Dr Ben Fairfax

Abstract (subject to change): Consider the pricing and risk analysis of structured products and other listed derivatives, whereby perhaps not pure arbitrage but at least model dependent arbitrage opportunities occur of a limited capacity and for a limited time period. I will illustrate and detail some of the pricing models and then go on to work through some particular examples. This topic is of particular interest to me at present since the extreme lack of liquidity (cash) and general bank sector distress, has resulted in clear model driven arbitrage opportunities occurring in the (secondary) structured product and securitized derivative markets. There are instances of structured products trading at approximately 15% under their embedded (OTC) derivative prices (using JP Morgan models and calibration), with this value is certain to be captured within 4 years at maturity. By carefully bundling such products with uncorrelated and negatively correlated risk parameters, and hedging any residue risk one can construct (statically) a portfolio with a risk profile slightly above cash with an expected yield of up to 10 per cent.

Aim: The presentation will provide an insiders explanation of how protected equity products are constructed, priced and distributed. We will also consider a robust framework in which quantitatively consistent judgements of at least the relative value of various (retail and institutional) structured investment products can be made.

About the Speaker: Ben is originally from England and was educated at the Universities of London, Cambridge and MIT (US). After completing his PhD is 1999, he established WebCab Components (http://www.webcabcomponents.com) which provides quantitative finance solutions to banks and investment managers including RBS, Goldman Sachs, Barclays,…. Since 1996, Ben has been an active quantitatively driven investor within credit, equity and derivative markets, and has also worked (2001-2002) as a quantitative analyst on an investment bank derivatives trading floor. Since 2002 he has managed accounts for family members and in March 2007 established an IoM based multi-family office Foresight Capital Partners Limited which manages funds for family members and third parties within equity, structured product and near cash mandates.

Directions: The presentation will take place at Yn Ynnyd Chegney, which is the Department of Education Language facility on Old Church Road, Crosby. From Douglas take the main road to Peel and turn left immediately after Crosby Post office. Follow the road up the hill YYC is the first building on the right towards the top of the hill.

Click here for Yn Ynnyd Chegney on Google Maps