Welcome to the first blog of Numerical Solution (UK) Limited.
This is a company with an aim to provide consultancy, tutoring and programming solution in numerical subjects, especially in mathematical and computational finance.
It is named as “numerical solution”, because in mathematics there are two popular solutions, i.e., analytical method of finding exact solution and numerical method of finding the best possible solution. Wherever probability plays a key role, there the numerical solution becomes prominent.
Natural sciences such as nuclear radio activity and biological activity are based on probability. Similarly, mathematical finance and behavioural finance are also based on probability. Hence they are good candidates for “numerical solution” and that name is the best choice for this company.
We thank Dr Riaz Ahmad and Mr Roger Orr for their helpful discussion in arriving this name.