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A Note on Computational Science Curriculum

Conference paper
Part of the Advances in Intelligent Systems and Computing book series (AISC, volume 738)

Abstract

Computational science is simply the application of computing capabilities to the solution of problems in the real-world. It is considered as one of the five college majors on the rise. Computational science is officially listed as a new study area in the Computer Science Curricula 2013 (CS2013), by the Joint Task Force on Computing Curricula Association for Computing Machinery (ACM) and IEEE Computer Society. The authors introduced Binomial Simulation Method (BSM) as a new algorithm in the study of Computer Science. BSM is a simple and effective method to model real-world phenomena that involve up and down movements, and has been successfully used in many financial calculations. This work extends the previous study significantly with comparison with Black-Sholes and Monte Carlo simulation; it is intended to help the study of computational science in order to realize the potential power to solve more and more challenging real-world problems. We believe that it is very important to incorporate BSM into computational science education.

Keywords

Computational science Binomial simulation method Black-Sholes Monte Carlo simulation Education 

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Copyright information

© Springer International Publishing AG, part of Springer Nature 2018

Authors and Affiliations

  1. 1.Department of Mathematics and Computer ScienceUniversity of Maryland Eastern ShorePrincess AnneUSA
  2. 2.Department of Computer Systems TechnologyNew York City College of Technology/CUNYBrooklynUSA

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