Ph.D. in Financial Mathematics (with Distinction), Kaiserslautern University of Technology, Fraunhofer Institute for Industrial Mathematics (ITWM), Germany

MSc in Financial Mathematics (1.0 top grade), Kaiserslautern University of Technology, Germany

Post Graduate Certificate in Management (MBA), University of East Anglia, UK

MSc in Mathematics Education, Central China Normal University, Wuhan

B.S. in Mathematics, Central China Normal University, Wuhan

Probability and Statistics

Before joining WKU in 2024, Dr. Zhang worked at University of Glasgow (UK), University of Leicester (UK), University of Munich (Germany), Nottingham University Business School (China) and UIC. She also worked as a Post-doc researcher in Economics at the University of St. Andrews (UK).

Dr. Zhang's sole authored paper, entitled New Findings on Key Factors Influencing the UK's Referendum on Leaving the EU, published in World Development, has made a very significant impact beyond the academy in both the UK and international media.

Dr. Zhang obtained and led prestigious research grants as a PI from National Natural Science Foundation of China, Zhejiang Natural Science Foundation, and UK SMR Program.

Financial Mathematics, Data Analysis, Actuarial Science, FinTech, and Financial Economics.

1.  Ewald, C., Wu, Y. and Zhang, A. (2023) Pricing Asian options with stochastic convenience yield and jumps. Quantitative Finance, Volume 23, 2023 - Issue 4 (SCI, SSCI, Q2).
2. Gan, Y. Y., Ismail, I., Zhang, A. and Zhou, H. (2023) Estimating Risk of Currency Exchange Portfolio Using Value-at-Risk and Conditional Value-at-Risk. IAENG International Journal of Applied Mathematics, Volume 53, Issue 3 (EI).
3. Chen, F., Zhang, A. Balzter, H., Ren, P, Zhou, H. (2022) Oil Spill SAR Image Segmentation via Probability Distribution Modeling, IEEE Journal of Selected Topics in Applied Earth Observations and Remote Sensing (SCIE, Q1), 15: 533-554
4. Andrés-Sánchez, J. d., González-Vila P. L. and Zhang, A. (2020). Incorporating Fuzzy Information in Pricing Substandard Annuities. Computers & Industrial Engineering (SCI, Q1), 2020.7, 145(106475).
5. Ewald, C., Zhang, A., and Zong, Z. (2019). On the Calibration of the Schwartz Two-Factor Model to WTI Crude Oil Options and the Extended Kalman Filter, Annals of Operations Research (SSCI, Q2), 282: 119-130.
6. Zhang, A. (2018). New Findings on Key Factors Influencing the UK's Referendum on Leaving the EU, World Development (SSCI, Q1), Volume 102, February 2018, Pages 304-314. Almetric report
7. Risk and Customer Outcomes Working Party, IFoA (2018). How can we improve the customers' experience of our life products? British Actuarial Journal, Vol 23, 2018. IFoA Geoffrey Heywood Award.
8. Ewald, C., Zhang, A. (2017). On the Effects of Changing Mortality Patterns on Investment, Labour and Consumption under Uncertainty, Insurance: Mathematics and Economics (SCI, SSCI, Q2), 73, March, 105-115.
9. Zhang, A. (2017) What could have tipped the EU referendum result in favour of Remain, Aug. 16, 2017, The Conversation.
10. Zhang, A., (2012) The real terminal wealth optimization with index bond: Equivalence of real and nominal portfolio choices for CRRA utility (SCI) 23, 29-39.
11. Korn, R., Siu, T. K., Zhang, A. (2011) Asset allocation for a DC pension fund under regime-switching environment, European Actuarial Journal, Volume 1, Supplement 2, 361-377.
12. Zhang, A., (2010) A closed-form solution to the continuous-time consumption model with endogenous labor income, Decisions in Economics and Finance, Volume 33, Number 2, 149-167.
13. Zhang, A., Ewald, C., (2010）Optimal investment for a pension fund under inflation risk. Mathematical Methods of Operations Research (SCI), 71, 353-369.  
14. Zhang, A., (2007) A secret to create a complete market from an incomplete market, Applied Mathematics and Computation (SCI, Q1) 191, 253-262.
15. Zhang, A., Korn, R., Ewald, C., (2007) Optimal management and inflation protection for defined contribution pension plans, European Actuarial Journal, Volume 28 (2), 239-258.
16. Ewald, C., Zhang, A., (2006) A New Method for the Calibration of Stochastic Volatility Models: The Malliavin Gradient Method, Quantitative Finance (SCIE, SSCI, Q2), Volume 6 (2), 147-158.

    Book Chapters

    17. Zhang, A., (2010) Pension funds under inflation risk, Pension Fund Risk Management: Financial and Actuarial Modeling, Chapman and Hall/CRC.