Fraunhofer Institute for Industrial Mathematics ITWM
Fraunhofer Institute for Industrial Mathematics ITWM

Products and Services

At the end of almost every project the development of a software module or a complete software solution is required. Hereby, the scope ranges from simple Excel-sheets to an entire valuation program with a graphical user interface. Furthermore, we support you in linking our software with already existing system such as SAP. For the implementation we use common and established object-oriented programming languages such as C++, C# or Java. By request, the required functionalities can also be implemented in R or Matlab. For applications close to Microsoft Office VBA is often used and can also be provided by us. 

Particularly, valuations of complex financial products can mostly only be implemented by using Monte-Carlo simulations or tree methods. In this context, we are equipped with an extensive amount of knowledge on recent research fields such as Multi-Level Monte-Carlo methods and we are working on implementations for practical applications.

We offer:

  • Professional consultations in the fields of financial mathematics, data science and power industry
  • Statistical modeling
  • Development of algorithms for the integration of your already existing system
  • Individual software solutions

Products

ALMSim Path Generator

Software solution for the generation of market scenarios, in particular with the PIA basis modell.

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Commodity Risk Manager

Risk controlling for the energy industry: : The representation of complex and individual risks can be presented with our software beside the assessment of standard key risk figures.

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Commodity Risk Manager for Excel

The compact version of our risk controlling software as application in excel.

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Structured Note Pricer: Valuation of Structured Financial Products

In the financial world, structured interest rate products become more and more exotic. Additionally, the number of data to be processed is growing.

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AI Rescue: Success Strategies for Stalled AI Projects

Get Your AI Projects Back on Track!

Do you already have projects in which Artificial Intelligence is used? Participating in »AI Rescue« to develop success strategies for AI projects can help you overcome challenges in your projects and exploit the full potential of artificial intelligence in your company. Our modular offering provides you with tailor-made solutions for analyzing, evaluating and optimizing your AI projects.

  • Are your AI projects not delivering the desired results? Is it unclear what obstacles are blocking progress?
  • Would you like to get to know sound methods and tools to objectively evaluate the status of your AI projects and identify optimization potential?

We offer »AI Rescue« in cooperation with the Fraunhofer Institute for Intelligent Analysis and Information Systems IAIS.

Our »AI Rescue« Concept

Our offer is based on a modular approach that can be flexibly adapted to the needs of your company. With »AI Rescue«, we offer you three coordinated modules that help you to analyze and evaluate stalled AI projects and get them back on the road to success. You can start the process with any module and expand it as required.

First Module: Problem Analysis and Order Clarification

This module marks the start of the restructuring process.

Together with you, we analyze the current project situation and clarify the goals that were initially intended to be achieved. We evaluate the progress of the project to date, identify relevant stakeholders and develop clear, measurable goals for the restructuring.

Second Module: Audit With Stakeholders and Expert Opinions

In the second module, we carry out a comprehensive audit involving all relevant stakeholders.

We identify necessary resources such as personnel, technology and budget and assess potential risks. Finally, we draw up a report with recommendations for action for the decision-makers in your company.

Third Module: Workshop on Reorganization and Implementation

In this workshop, we discuss with you the results of the report prepared in the audit.

On this basis, we will jointly develop a detailed roadmap for the restructuring of the project – including a time frame, milestones and specific next steps.