We describe a theoretical approach for spin-polarized hot-electron transport, as it occurs after excitation by ultrafast optical pulses in heterostructures formed by ferromagnetic and normal metals. We formulate a spin-dependent particle-in-cell model that solves the Boltzmann equation for excited electrons. It includes lifetimes and transmission coefficients as parameters, which can be taken from ab-initio calculations or experiment, and can be easily extended to multilayer systems. This approach is capable of describing electron transport in the ballistic, super-diffusive and diffusive regime including secondary-carrier generation. We apply the model to optically excited carriers in Fe/Au bilayers and Fe/Au/Fe spin-valve structures. We gain microscopic insight into the hot-electron transport dynamics probed in recent experiments on spin-valves. We find contributions to the demagnetization dynamics induced in Fe/Au/Fe trilayers regardless of the parallel or antiparallel magnetic alignment of the Fe layers.
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