UMBC Center for Interdisciplinary Research and Consulting (CIRC)
The Center for Interdisciplinary Research and Consulting (CIRC) is a consulting service for mathematics and statistics provided by the Department of Mathematics and Statistics at UMBC. Established in 2003, CIRC is dedicated to supporting interdisciplinary research for both the UMBC campus community and the general public. We provide a full range of consulting services from free initial consulting to long term support for research programs.
CIRC offers mathematical and statistical expertise in broad areas of applications, including biological sciences, engineering, and the social sciences. On the mathematics side, particular strengths include techniques of parallel computing and assistance with software packages such as MATLAB and COMSOL Multiphysics. On the statistics side, areas of particular strength include Toxicology, Industrial Hygiene, Bioequivalence, Biomechanical Engineering, Environmental Science, Finance, Information Theory, and packages such as SAS, SPSS, and S-Plus.
The Binomial method of option pricing is based on iterating over discounted option payoffs in a recursive fashion to calculate the present value of an option. Implementing the Binomial method to exploit the resources of a ...