As International Mining‘s annual review of software developments nears completion for the November issue, comes news that mining engineers and commodity traders seeking a broad range of mathematical and statistical functionality important to mining applications without the considerable expense and bother of sourcing multiple MATLAB toolboxes, can now access 1,415 rigorously tested numerical routines in the Mark 22 Release of the multipurpose NAG Toolbox for MATLAB (www.nag.com/numeric/MB/start.asp).
This one-stop solution for the mining industry’s computing needs also allows users to easily and confidently migrate prototype code developed in the MATLAB environment to final production code in advanced programming languages such as C or FORTRAN while still using the same robust algorithms. NAG is renowned for the quality of its documentation and example programs to assist users. In addition, this release of the NAG Toolbox includes more than a dozen quickly accessible MATLAB-based examples of advanced programming for optimisation problems, simulations, time series analyses and other functions important to engineering successful and efficient mining projects and financial modelling.
NAG TOOLBOX FOR MATLAB is available for both Linux and Microsoft Windows®. For a listing of the new routines included see www.nag.co.uk/numeric/mb/newatmark22.asp.
No-cost trial versions of NAG TOOLBOX FOR MATLAB can be requested via www.nag.com/downloads/downloads_entry.asp?pc=MB.
Commenting on the algorithmic quality in the Toolbox, Dr. Ning Guo of the University of Warwick, UK (an institution with world-renowned finance and engineering among other departments) said, “I am especially impressed by the optimisation algorithms provided. One improves my maximum likelihood estimates where sample size is small causing non-concentration likelihood. Ordinary algorithms perform poorly.”
David Cassell, Product Marketing Manager for the NAG organisation comments, “Like all NAG products, the NAG Toolbox for MATLAB has been developed to help users safeguard and future proof their software investments. All the routines included were written by experts in their fields and rigorously tested for correctness, reliability and robustness. No other MATLAB toolbox can match the level of expert documentation included or the detailed example programs, – invaluable aids in selecting the right algorithm without wasting time.”
The Numerical Algorithms Group (NAG, www.nag.com), is an Oxford, UK headquartered not-for-profit numerical software development organisation founded nearly four decades ago that collaborates with world-leading researchers and practitioners in academia and industry. With offices in Manchester, Chicago, Tokyo and Taipei, and a worldwide distributor network, NAG provides high-quality computational software and high performance computing services to tens of thousands of users.