Hostname: page-component-cd9895bd7-8ctnn Total loading time: 0 Render date: 2024-12-23T10:41:51.057Z Has data issue: false hasContentIssue false
  • English
  • Français

Using APL for financial calculations

Published online by Cambridge University Press:  20 April 2012

D. O. Forfar
Get access Rights & Permissions [Opens in a new window]

Extract

The computer language APL is not as well known in the financial field as it might be and yet its structure and syntax make it very well suited to financial and actuarial calculations (as well as to mathematical and statistical calculations)—indeed it might almost be called a natural language for financial calculations.

In a contribution to the XVI ASTIN Colloquium in Liège, 1982, entitled ‘Description and Comparison of various Programming Languages and their Suitability for Non-Life Actuaries’, J. A. Bartola concluded that APL was a very attractive programming language for actuaries.

Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 116 , Issue 3 , December 1989 , pp. 663 - 672
Copyright
Copyright © Institute and Faculty of Actuaries 1989

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

(1) Anscombe, F. (1981). Computing in Statistical Science through APL, Springer-Verlag.CrossRefGoogle Scholar
(2) Bartola, J. A. (1982) XVI ASTIN Colloquium, Liège.Google Scholar
(3) Forfar, D. O. & Gupta, A. K. (1986) The Mathematics of Profit Testing for Conventional and Unit Linked Business, Institute of Actuaries Study Note.Google Scholar
(4) Gilman, L. & Rose, A. J. (1974) APL, An Interactive Approach (2nd edition), John Wiley.Google Scholar
(5) Leuven, H. Report to the Dutch Actuarial Society.Google Scholar
(6) Moreau, L. (1984) Transactions of the International Congress of Actuaries, Sydney.Google Scholar
(7) Neuburger, E. (1984) Der Barwert als Zahl einem Zahlensystem mit verallgemeinerter Basis, DGVM, Band XVI, Heft 3.CrossRefGoogle Scholar
(8) Oyal, A. (1985) Vektorielle Barwerte und Deck ungskapitale in einer APL, Darstellung, DGVM, Band XVII, Heft 2.CrossRefGoogle Scholar
(9) Stiers, D., Goovaerts, M. J. & De Kerf, J. (1987) APL, The Language and its Actuarial Applications, North Holland.Google Scholar