Black-Scholes Model for Professional Trading

Daisuke Nakazato serves as a Professor at Waseda University's Graduate School of Business and Finance, where he specializes in mathematical finance and derivatives modeling. After earning his PhD in Operations Research from MIT, he began his career at the Industrial Bank of Japan (IBJ) as a financial engineer, where he collaborated with renowned economists Dr. Fisher Black and Dr. Robert Litterman. At Waseda, he teaches a comprehensive range of financial courses including derivatives modeling, mathematical finance, credit modeling and incomplete markets, and computational finance laboratory. His research contributions include significant work on queuing theory and financial engineering, with notable publications on distributional results in queues and capital determination for default protection. His academic expertise is demonstrated through his published works, including "Analytical Financial Engineering" and various papers in operations research and banking finance. Through his teaching at Waseda's MSc in Finance program, he continues to shape the next generation of financial professionals, bringing together theoretical knowledge and practical experience in financial engineering and risk management.