Postdoctoral stipend (2 years) in Mathematics: Optimal switching problems and their applications in economics and finance
Umeå University - with its 33,500 students and over 4,000 employees – is an organisation in constant change and development. Umeå University conducts groundbreaking research within several areas – several in which we are among the best in the world – within others regarded as the leaders in Sweden. We are one of Sweden’s largest providers of education and offer a broad and attractive range of courses and programmes. Our campus constitutes an inspiring environment for everyone that studies and works here. We wish to co-operate with companies and organisations throughout the Umeå region and all over the world.
The research group in partial differential equations, stochastic differential equations, and risk management, welcomes a postdoctoral fellow to pursue research within a project focused on optimal switching problems. The research will contain theoretical as well as numerical components. Optimal switching problems are important subjects in economics and finance and general optimal switching problems have many applications in energy markets, for production facility problems, for general resource extraction problems as well as for reversible investment problems. The purpose of this project is to develop certain theoretical aspects of optimal switching problems and to develop computationally robust methods for solving general optimal switching problems based on numerical techniques for partial differential equations and Monte Carlo simulations. The purpose is also to apply these methods in the context of several important economic problems including the optimal management of hydropower plants. To qualify for the stipend you should have a PhD degree in mathematics, or equivalent, not older than three years. The stipend is for two years and is financed by a grant from the research foundations of Handelsbanken.
For further information, please contact Professor Kaj Nyström, +46 90 786 59 78, kaj.nystrom@math.umu.se, or Head of department Robert Johansson, +46 90 786 93 65, robert.johansson@math.umu.se.
For a general presentation of the department, see www.math.umu.se. See also the International office, www.umu.se/international_office for a general presentation of Umeå and the University.
The application should contain a Curriculum Vitae, copies of degree certificates, a publication list, short accounts of scientific and pedagogic activities, and the names and contact details of two reference persons. Scientific articles and other documents you want to refer to should be attached. All documents submitted in hard-copy form should be in two copies, and all electronically submitted copies should be in MS Word or PDF format. Since we strive for a more equal gender distribution within our department, we especially encourage female applicants.
Union information is available from SACO, +46 90 786 53 65, SEKO, +46 90 786 52 96 and ST, +46 90 786 54 31.
Your complete application, marked with reference number 223-2684-10, should be sent to medel@diarie.umu.se (state the reference number as subject) or to the Registrar, Umeå University, SE-901 87 Umeå, Sweden to arrive November 18, 2010 at the latest.
We look forward to receiving your application!
