# MSc Applied and Computational Mathematics

The master's programme in Applied and Computational Mathematics fosters skilled applied mathematicians, well-prepared for advanced industrial positions or PhD studies. The programme offers four tracks: Computational Mathematics, Financial Mathematics, Optimisation and Systems Theory, and Mathematics of Data Science. Graduates acquire skills in advanced mathematics and computer simulation that are in demand in several important fields.

## Application deadlines for studies starting 2024

**16 October (2023): **Application opens**15 January: **Last day to apply**1 February:** Submit documents and, if required, pay application fee**21 March:** Admission results announced**August: **Arrival and study start

### Application open

Start your application today for studies starting autumn 2024.

## Applied and Computational Mathematics at KTH

Computer simulations is of great importance for the high-tech industry and scientific and engineering research, for example, virtual processing, climate studies, fluid dynamics and advanced materials. Thus, computational science and engineering is an enabling technology for scientific discovery and engineering design. It involves mathematical modelling, numerical analysis, computer science, high-performance computing and visualization. The remarkable development of large-scale computing in the last decades has turned computational science and engineering into the "third pillar" of science, complementing theory and experiment.

### Computational mathematics track

The Computational Mathematics track is mainly concerned with the mathematical foundations of computational science and engineering. However, in this track we will also discuss issues of high-performance computing. Given the interdisciplinarity, the final curriculum may vary greatly depending on your interests. The Computational Mathematics track contains courses providing knowledge of design, analysis and application of numerical methods for mathematical modelling, usable in computer simulations catering to both research and prototyping.

### Financial mathematics track

Financial mathematics is applied mathematics used to analyze and solve problems related to financial markets. Any informed market participant would exploit an opportunity to make a profit without risk of loss. This fact is the basis of the theory of arbitrage-free pricing of derivative instruments. Arbitrage opportunities exist but are rare. Typically, both potential losses and gains need to be considered. Hedging and diversification aim at reducing risk. Speculative actions on financial markets aim at making profits. Market participants have different opinions of future market prices and combine their views with current market prices to take steps to manage risk while creating opportunities for profits. Portfolio theory and quantitative risk management present theory and methods that form the theoretical basis of market participants' decision-making.

Financial mathematics has received much attention from academics and practitioners over recent decades, and mathematical sophistication has risen substantially. However, a mathematical model is, at best, a simplification of the real-world phenomenon being modelled, and mathematical sophistication can never replace common sense and knowledge of the limitations of mathematical modelling.

### Optimization and Systems Theory track

Optimization and Systems Theory is a discipline in applied mathematics primarily devoted to optimization methods, including mathematical programming and optimal control, and systems theoretic aspects of control and signal processing. The field is also closely related to mathematical economics and applied problems in operations research, systems engineering and control engineering. The track provides knowledge and competence to handle various optimization problems (both linear and nonlinear), build up and analyze mathematical models for multiple engineering systems, and design optimal algorithms, feedback control, filters and estimators for such systems.

Optimization and Systems Theory have broad applications in both industry and research. Examples of applications include aerospace, engineering, radiation therapy, robotics, telecommunications, and vehicles. Furthermore, many new areas in biology, medicine, energy and environment, and information and communications technology require an understanding of both optimization and system integration.

### Mathematics of Data Science track

Statistics is the science of learning from data. Classical statistics is trying to understand data by determining a plausible model and testing whether the data fits the model. Modern learning is concerned with computational statistics and automated data extraction methods. Technological progress and the increased availability of information contribute to the emergence of massive and complex data sets. Various scientific fields are contributing to the analysis of such data at the interface of mathematics, statistics, optimization and computational learning methods. Optimal decision-making under uncertainty based on such circumstances require modelling and discovering relevant features in data, optimization of decision policies and model parameters, dimension reduction and large-scale computations. Data science based on applied mathematics has the potential for transformative impact on natural sciences, business and social sciences.

This is a two-year programme (120 ECTS credits) given in English. Graduates are awarded the degree of Master of Science. The programme is given mainly at KTH Campus in Stockholm by the School of Engineering Sciences (at KTH).

## Programme Presentation

In this recording from October 2023, you will learn about the master's programme in Applied and Computational Mathematics. Programme director Mattias Sandberg and student Erik host the webinar.

## Topics covered

Optimization, mathematical systems theory, systems engineering, modelling and simulation, numerical methods and applications, parallel and high-performance computations, big data, machine learning, arbitrage pricing, portfolio theory and risk management.

## Students

Find out what students from the programme think about their time at KTH.

"The quality of education is superb, meaning you will learn a lot, combined with passionate teachers who make you want to engage even more."

**Erik from Sweden**

## Career

Advanced mathematics and computer simulations are present in several important fields; their use has increased dramatically with the rapid development of computer software and hardware. Financial mathematics, medicine and biology are prevalent areas, but you will be able to bring the usage of mathematics and simulations into a multitude of applications.

The graduates of this programme are in high demand in the labour market as well as in academia. Graduates work in companies like Ericsson, ABB, Comsol, SAAB, RaySearch Labs, Modelon, If, Citibank, Brainlab, ÅF, Atlas Copco, Elekta, Process Systems Enterprise, Goldman Sachs, and many others. Graduates from the programme also go on to academic careers with doctoral studies at KTH, other Swedish universities, or other leading European and US universities.

## After graduation

Technology manager, deep learning software engineer, team leader, professor, PhD student, credit risk analyst, CEO, head of marketing and sales, technical director, development engineer.

"Through the intensive time I spend with clients, I get to know them really well. This makes me feel personally responsible for delivering a sustainable and working product that helps the people for which it is designed."

**Georg Neumüller, Syngroup Management Consulting**

## Sustainable development

Graduates from KTH have the knowledge and tools for moving society in a more sustainable direction. The particular strength of mathematics is its high degree of abstraction, with the same mathematical model used to describe very different features in many different areas of application. This versatility leads to the effect that once you can quantify phenomena, you will be able to investigate them independently of their source, for example, in science, engineering, society and the economy. Many of the UN goals of sustainable development are accordingly linked to Applied Mathematics, to name just a few: Good health and well-being, Affordable and clean energy, Decent work and economic growth, Industry, innovation and infrastructure, Sustainable cities and communities, Climate action, Life below water, Reduced inequality and others. The master’s programme in Applied and Computational Mathematics provides the student with the knowledge and tools applicable for their successful treatment. You will see examples of how to do this in different courses. It is not uncommon for the final master’s degree project to be devoted to questions related to sustainable development and its various goals. The examples of sustainable development goals addressed by the programme are:

Examples of master's degree projects relating to Climate Action are: Efficient computational methods for climate models (collaboration with SMHI), Consequences of climate change for the electric power supply (in collaboration with SWECO), and Polynomial chaos expansion for climate economy assessment (in collaboration with Karlsruhe Institute of Technology).

Examples of master's degree projects relating to Good Health and Well-Being are: Optimal construction of medical equipment for cancer treatment (in collaboration with RaySearch Labs), Simulation of suturing for surgeon training (in collaboration with SenseGraphics);, and Proton arc therapy optimization (in collaboration with RaySearch Labs).

Examples of master's degree projects relating to Industry, Innovation and Infrastructure are: Optimal traffic planning for autonomous vehicles (in collaboration with Volvo Construction Equipment), Optimal energy management for parallel hybrid electric vehicles (in collaboration with Scania), and Optimal driving decision based on energy and time costs (in collaboration with Volvo).

## Faculty and research

The programme is run by the Department of Mathematics at KTH, which hosts some of the strongest Swedish research groups in mathematics. It comprises four units: Mathematics, Mathematical Statistics, Optimization and Systems Theory, and Numerical Analysis. Jointly, these units perform research in a broad spectrum of mathematical disciplines, ranging from pure to applied mathematics. Some of the current larger research centres hosted at the department are:

- Random matrices, sponsored by the Wallenberg foundation
- Image processing, sponsored by SSF
- PDE, sponsored by the ERC/VR/Gustafsson's foundation
- MathDataLab, sponsored by Brummer & Partners

Research carried out at the Division of Optimization and Systems Theory includes various topics in mathematical systems theory (Xiaoming Hu, Per Enqvist and Johan Karlsson), with particular emphasis on stochastic systems, filtering, identification and robust and nonlinear control; mathematical programming (Anders Forsgren, Per Enqvist and Jan Kronqvist), with large-scale nonlinear programming, structural optimization, mixed-integer optimization; and a wide range of applications. Examples of applications include radiation therapy (Forsgren), robotics (Hu), and telecommunications (Karlsson).

The research in the Division of Numerical Analysis includes:

- numerical methods for stochastic and deterministic differential equations (Anders Szepessy, member of the Royal Swedish Academy of Sciences, and Mattias Sandberg),
- numerical methods for micro and complex flow (Anna-Karin Tornberg, member of the Royal Swedish Academy of Sciences and the Royal Swedish Academy of Engineering Sciences, and Katarina Gustavsson),
- multiscale methods (Olof Runborg),
- numerical linear algebra (Elias Jarlebring)
- inverse problems (Ozan Öktem),
- and finite element methods for multiphase flow (Sara Zahedi, Jennifer Ryan).

The researchers are working actively in many interdisciplinary cooperative ventures, for example, the Swedish e-Science Research Centre (SeRC), the Linné FLOW Centre, and Karolinska Institutet. You will also have access to Sweden's fastest supercomputers via the PDC Centre for High-Performance Computing.

The Division of Mathematical Statistics hosts active groups in probability theory and statistical theory with applications to finance and risk management (Boualem Djehiche, Henrik Hult, Sigrid Källblad and Camilla Landen), statistical learning (Henrik Hult, Jimmy Olsson, Pierre Nyquist, Joacim Anden and Nacira Agram), Monte Carlo methods (Henrik Hult, Jimmy Olsson and Pierre Nyquist), computational statistics (Jimmy Olsson and Pierre Nyquist), and high-dimensional models (Kevin Schnelli).

## Virtual campus tour

Siwat from Thailand is a student at the School of Engineering Sciences (at KTH). In the virtual tour he and some other KTH students will show you around the campuses.

## Next step

### Apply now!

The current admission round for the programme is for studies starting autumn 2024. Apply before 15 January.

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