Multivariate stable distributions in finance

My name is Szabolcs Majoros. I am from Hungary, studying Actuarial and Financial Mathematics (MSc) at Eötvös Loránd University and I wrote a paper about parameter estimation of multivariate stable distributions for TDK (Scientific Students’ Associations), which I will present at OTDK too, the national round. I got interested in stable distributions after András Zempléni […]

ECMI 2018 CONFERENCE: BUDAPEST, 18-22 June 2018

The next conference of ECMI will be held in Budapest between 18 and 22 June 2018. The conference will be organized by the János Bolyai Mathematical Society, the Institute of Mathematics at the Eötvös Loránd University  and by the Institute for Computer Science and Control. The aim of the conference is to redound the interaction […]

VF2++ – a subgraph isomophism algorithm for molecular pattern matching

In a previous blog entry, we introduced COIN-OR::LEMON (, the open source C++ graph and network modelling library. As we mentioned there, this library targets both academic and industrial applications. In this post a use-case for the latter is shown.   Last year, QuantumBio Inc.1 approached us with a simple request: they were using LEMON […]

Applied and industrial mathematics at the Eötvös Loránd University (ELTE, Budapest)

The Institute of Mathematics at  ELTE hosts many research groups, which cover a wide research spectrum. These groups using the mathematical knowledge are directed to real-life applications and built connections with various industrial partners. The PIT Bionformatics Group develops software solutions for problems emerging in life sciences. The results include numerous webservers, protein-ligand docking tools, […]

R&D Project in Energy Trading: Risk Optimization, Market Simulation

Some researchers and ex-students of the Department of Operations Research, Eötvös University Budapest participate in the R&D Project ”Research of quantitative models supporting procurement and sales portfolio management and development of an integrated analyzer, forecasting and optimizer tool system” (PIAC_13-1-2013-0012, Research and Technology Innovation Fund). The project is managed by IP Systems Ltd, which provides […]

Special Interest Group on Numerical Weather Prediction

Although all of us are interested in the daily or annual changes in the weather, their forecasting or even modelling is a challenging task which needs the use of various mathematical ideas. The weather we are experiencing is the combined effect of the atmospehere’s dynamics on several scales and other physical and chemical phenomena like […]

LEMON – a high performance open source C++ graph and network library

Department of Operations Research, Eötvös Loránd University Budapest has been involved in various applied research projects, either as a member of a research consortium or  in a direct collaboration with different companies. Applied research is unimaginable without using advanced algorithmic methods. In fact, the expected outcome of a typical project is a software that should […]

The development of projects at Eötvös Loránd University, Budapest

What are the key issues in an MSc in applied maths? Of course the applications and the maths! But the order (and even more the emphasis) matters. In Budapest we had a traditionally strong theoretical mathematics education and when the new direction of Applied Maths was launched in the 1990s,

Multi-scale modelling of Li-ion batteries

My name is Zénó Farkas, 22 year old student from Hungary. Currently I’m studying at Eötvös Loránd University (ELTE) of Budapest, Faculty of Sience as analytical mathematician of Bsc. This is my last semester and I’m writing my Bsc thesis about multi scale modelling of Li-ion batteries. This theme has been offered by my current […]