FINANCIAL MATHEMATICS AND ACTUARIAL SCIENCE 

fmas Previously known as the Actuarial Science Cluster, the Financial Mathematics and Actuarial Science Cluster (FMAS) is one of the original applied mathematics clusters and continues to be one of the strongest in terms of students.

The logo of the Cluster is composed of a shield and an arrow, which represent the two bodies of knowledge that the Cluster integrates in. The shield represents protection against financial risks that can be hedged through insurance. The arrow represents the volatility of the interest rates and stocks. The abbreviated form of the Cluster's name is FMAS.

Mission and Vision 

  • Committed to its goal of providing quality education in the field of Actuarial Science and Financial Mathematics since its inception, the Cluster aims to produce graduates that are ready to enter the workforce and are equipped with skills and knowledge to pass actuarial exams.
  • It envisions to become a strong program, producing papers in a wide range of application and specialization.
  • Lastly, the Cluster aims to become socially relevant and support the University‚Äôs thrust on agriculture, food security and the environment, by providing trainings and re-tooling seminars to practitioners and by engaging in collaborative researches.

Future Plans

For the next few years, the Cluster aims to develop in the field of Microfinance. There are already several theses being done in this field. Its goal is to continue producing papers for publications and presentations in local and international conferences.

Members 

  • Prof. Diane Carmeliza N. Cuaresma (Cluster Coordinator) 
  • Dr. Crisanto A. Dorado
  • Prof. Rhodora O. Dela Pena
  • Prof. Jonathan B. Mamplata
  • Prof. Lester Charles A. Umali
  • Prof. Jeric S. Alcala
  • Mr. Azra May B. Kabiri
  • Ms. Siena Catherine A. Maranan,
  • Ms. Kyrell Vann B. Verano
  • Mr. Arniel E. Roxas,
  • Ms. Eleanor B. Gemida
  • Mr. Edd Francis O. Felix
  • Mr. Angelo E. Marasigan
  • Mr. Julian G. Iquin

Publications 

[1] AE Roxas and JB Mamplata. 2015. Hedging against foreign exchange risk of peso-dollar rates using futures contract with different maturities. UPLB Journal

[2] JB Mamplata and JML Escaner. 2015. Utility and ruin probability relationship through premium equivalence. UPLB Journal

[3] LCA Umali and JML Escaner. 2014. A compound Poisson risk model of a loss-sensitive insurance. International Journal of Applied Mathematics and Statistics

[4] JB Mamplata, RA Lo, and M Reyes. 2014. Hedging against foreign exchange risk of peso-dollar rates using futures. Applied Mathematical Sciences 8 (110). 5469-6476

 

Last Updated on Thursday, 28 September 2017 08:53

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