In many areas of finance and stochastics, significant advances have been made since this field of research was opened by Black, Scholes and Merton in 1973. Advances in Finance and Stochastics contains a collection of original articles by a number of highly distinguished authors on research topics that are currently in the focus of interest of both academics and practitioners. The topics span risk management, portfolio theory and multi-asset derivatives, market imperfections, interest-rate modelling and exotic options.

In recent years, the importance of Internet and World Wide Web (WWW) technologies in manufacturing industries has been rising very rapidly in a global context, the impact of which is deemed most profound ever since the Industrial Revolution. The waving interests in the electronic commerce and electronic business (e-commerce / e-business) have spread, from the heartland (product development) to the battlefield (shop floor), of manufacturing enterprises. The number of web applications is ever on the rise, and many practitioners are keen on trying these remote systems through web browsers to...

This Proceedings volume contains articles presented at the CIRP-Sponsored Inter- tional Conference on Digital Enterprise Technology (DET2009) that takes place December 14-16, 2009 in Hong Kong. This is the 6th DET conference in the series and the first to be held in Asia. Professor Paul Maropoulos initiated, hosted and chaired the 1st International DET Conference held in 2002 at the University of D- ham. Since this inaugural first DET conference, DET conference series has been s- cessfully held in 2004 at Seattle, Washington USA, in 2006 at Setubal Portugal, in 2007 at Bath England, and in...