Assessing alternative technologies for the cost-effective computation of derivatives

One should not separate the method of computing the expected present value of a derivative from its ultimate computing topology. In the following sections, we discuss the cost-benefit issues involved with implementing several methods for computing derivative statistics on alternate computing topologies. We show how the choice of topology impacts the computing time for a particular example of a time-consuming derivative valuation. We conclude by showing how all these factors can be represented as a case-based expert system, which can be used to help an organization assess its computing alternatives.