Download or read book Bio Inspired Credit Risk Analysis written by Lean Yu and published by Springer Science & Business Media. This book was released on 2008-04-24 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Credit risk analysis is one of the most important topics in the field of financial risk management. Due to recent financial crises and regulatory concern of Basel II, credit risk analysis has been the major focus of financial and banking industry. Especially for some credit-granting institutions such as commercial banks and credit companies, the ability to discriminate good customers from bad ones is crucial. The need for reliable quantitative models that predict defaults accurately is imperative so that the interested parties can take either preventive or corrective action. Hence credit risk analysis becomes very important for sustainability and profit of enterprises. In such backgrounds, this book tries to integrate recent emerging support vector machines and other computational intelligence techniques that replicate the principles of bio-inspired information processing to create some innovative methodologies for credit risk analysis and to provide decision support information for interested parties.

Download or read book Biologically Inspired Techniques in Many Criteria Decision Making written by Satchidananda Dehuri and published by Springer Nature. This book was released on 2020-01-21 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses many-criteria decision-making (MCDM), a process used to find a solution in an environment with several criteria. In many real-world problems, there are several different objectives that need to be taken into account. Solving these problems is a challenging task and requires careful consideration. In real applications, often simple and easy to understand methods are used; as a result, the solutions accepted by decision makers are not always optimal solutions. On the other hand, algorithms that would provide better outcomes are very time consuming. The greatest challenge facing researchers is how to create effective algorithms that will yield optimal solutions with low time complexity. Accordingly, many current research efforts are focused on the implementation of biologically inspired algorithms (BIAs), which are well suited to solving uni-objective problems. This book introduces readers to state-of-the-art developments in biologically inspired techniques and their applications, with a major emphasis on the MCDM process. To do so, it presents a wide range of contributions on e.g. BIAs, MCDM, nature-inspired algorithms, multi-criteria optimization, machine learning and soft computing.

Download or read book The Practice of Lending written by Terence M. Yhip and published by Springer Nature. This book was released on 2020-02-25 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive treatment of credit risk assessment and credit risk rating that meets the Advanced Internal Risk-Based (AIRB) approach of Basel II. Credit risk analysis looks at many risks and this book covers all the critical areas that credit professionals need to know, including country analysis, industry analysis, financial analysis, business analysis, and management analysis. Organized under two methodological approaches to credit analysis—a criteria-based approach, which is a hybrid of expert judgement and purely mathematical methodologies, and a mathematical approach using regression analysis to model default probability—the book covers a cross-section of industries including passenger airline, commercial real estate, and commercial banking. In three parts, the sections focus on hybrid models, statistical models, and credit management. While the book provides theory and principles, its emphasis is on practical applications, and will appeal to credit practitioners in the banking and investment community alongside college and university students who are preparing for a career in lending.

Download or read book Semi Markov Migration Models for Credit Risk written by Guglielmo D'Amico and published by John Wiley & Sons. This book was released on 2017-05-24 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Credit risk is one of the most important contemporary problems for banks and insurance companies. Indeed, for banks, more than forty percent of the equities are necessary to cover this risk. Though this problem is studied by large rating agencies with substantial economic, social and financial tools, building stochastic models is nevertheless necessary to complete this descriptive orientation. This book presents a complete presentation of such a category of models using homogeneous and non-homogeneous semi-Markov processes developed by the authors in several recent papers. This approach provides a good method of evaluating the default risk and the classical VaR indicators used for Solvency II and Basel III governance rules. This book is the first to present a complete semi-Markov treatment of credit risk while also insisting on the practical use of the models presented here, including numerical aspects, so that this book is not only useful for scientific research but also to managers working in this field for banks, insurance companies, pension funds and other financial institutions.

Download or read book Cutting Edge Research Topics on Multiple Criteria Decision Making written by Yong Shi and published by Springer Science & Business Media. This book was released on 2009-07-09 with total page 871 pages. Available in PDF, EPUB and Kindle. Book excerpt: MCDM 2009, the 20th International Conference on Multiple-Criteria Decision M- ing, emerged as a global forum dedicated to the sharing of original research results and practical development experiences among researchers and application developers from different multiple-criteria decision making-related areas such as multiple-criteria decision aiding, multiple criteria classification, ranking, and sorting, multiple obj- tive continuous and combinatorial optimization, multiple objective metaheuristics, multiple-criteria decision making and preference modeling, and fuzzy multiple-criteria decision making. The theme for MCDM 2009 was “New State of MCDM in the 21st Century.” The conference seeks solutions to challenging problems facing the development of multiple-criteria decision making, and shapes future directions of research by prom- ing high-quality, novel and daring research findings. With the MCDM conference, these new challenges and tools can easily be shared with the multiple-criteria decision making community. The workshop program included nine workshops which focused on different topics in new research challenges and initiatives of MCDM. We received more than 350 submissions for all the workshops, out of which 121 were accepted. This includes 72 regular papers and 49 short papers. We would like to thank all workshop organizers and the Program Committee for the excellent work in maintaining the conference’s standing for high-quality papers.

Download or read book Intelligent Decision Making Through Bio Inspired Optimization written by Jaganathan, Ramkumar and published by IGI Global. This book was released on 2024-04-15 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: Academic scholars, entrenched in the complexities of various domains, face the daunting task of navigating intricate decision-making scenarios. The prevailing need for efficient and effective decision-making tools becomes increasingly apparent as traditional methodologies struggle to keep pace with the demands of modern research and industry. This pivotal issue necessitates a shift, urging scholars to explore unconventional approaches that can transcend disciplinary boundaries and unlock new dimensions of problem-solving. In response to these pressing challenges, Intelligent Decision Making Through Bio-Inspired Optimization emerges as a beacon of ingenuity. This groundbreaking book transcends usual disciplinary boundaries, seamlessly integrating computer science, artificial intelligence, optimization, and decision science. Its multidisciplinary approach addresses the inherent complexities faced by scholars, offering a comprehensive exploration of nature-inspired algorithms such as genetic algorithms, swarm intelligence, and evolutionary strategies. The book's core mission is to empower academic scholars with the tools to overcome contemporary decision-making hurdles, providing a holistic understanding of these bio-inspired approaches and their potential to revolutionize the scholarly landscape.

Download or read book Advanced Information Systems Engineering written by John Krogstie and published by Springer. This book was released on 2018-06-04 with total page 630 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes the refereed proceedings of the 30th International Conference on Advanced Information Systems Engineering, CAiSE 2018, held in Talinn, Estonia, in June 2018. The 37 papers presented in this volume were carefully reviewed and selected from 175 submissions. The papers are organized in topical sections on Process Execution, User-Oriented IS Development, Social Computing and Personalization, the Cloud and Data Services, Process Discovery, Decisions and the Blockchain, Process and Multi-level Modelling, Data Management and Visualization, Big Data and Intelligence, Data Modelling and Mining, Quality Requirements and Software, and Tutorials.

Download or read book Interdisciplinary Researches in Economics and Administration Sciences Concepts Researches and Applications written by Ahmet Niyazi ÖZKER and published by Livre de Lyon. This book was released on 2022-12-25 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: Interdisciplinary Researches in Economics and Administration Sciences: Concepts, Researches and Applications, Livre de Lyon

Download or read book Bioinspiration and Biomimicry in Chemistry written by Gerhard Swiegers and published by John Wiley & Sons. This book was released on 2012-10-30 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt: Can we emulate nature's technology in chemistry? Through billions of years of evolution, Nature has generated some remarkable systems and substances that have made life on earth what it is today. Increasingly, scientists are seeking to mimic Nature's systems and processes in the lab in order to harness the power of Nature for the benefit of society. Bioinspiration and Biomimicry in Chemistry explores the chemistry of Nature and how we can replicate what Nature does in abiological settings. Specifically, the book focuses on wholly artificial, man-made systems that employ or are inspired by principles of Nature, but which do not use materials of biological origin. Beginning with a general overview of the concept of bioinspiration and biomimicry in chemistry, the book tackles such topics as: Bioinspired molecular machines Bioinspired catalysis Biomimetic amphiphiles and vesicles Biomimetic principles in macromolecular science Biomimetic cavities and bioinspired receptors Biomimicry in organic synthesis Written by a team of leading international experts, the contributed chapters collectively lay the groundwork for a new generation of environmentally friendly and sustainable materials, pharmaceuticals, and technologies. Readers will discover the latest advances in our ability to replicate natural systems and materials as well as the many impediments that remain, proving how much we still need to learn about how Nature works. Bioinspiration and Biomimicry in Chemistry is recommended for students and researchers in all realms of chemistry. Addressing how scientists are working to reverse engineer Nature in all areas of chemical research, the book is designed to stimulate new discussion and research in this exciting and promising field.

Download or read book Analytical Techniques in the Assessment of Credit Risk written by Michalis Doumpos and published by Springer. This book was released on 2018-09-29 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a unique, focused introduction to the analytical skills, methods and techniques in the assessment of credit risk that are necessary to tackle and analyze complex credit problems. It employs models and techniques from operations research and management science to investigate more closely risk models for applications within the banking industry and in financial markets. Furthermore, the book presents the advances and trends in model development and validation for credit scoring/rating, the recent regulatory requirements and the current best practices. Using examples and fully worked case applications, the book is a valuable resource for advanced courses in financial risk management, but also helpful to researchers and professionals working in financial and business analytics, financial modeling, credit risk analysis, and decision science.

Download or read book Smart Computing Applications in Crowdfunding written by Bo Xing and published by CRC Press. This book was released on 2018-12-07 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book focuses on smart computing for crowdfunding usage, looking at the crowdfunding landscape, e.g., reward-, donation-, equity-, P2P-based and the crowdfunding ecosystem, e.g., regulator, asker, backer, investor, and operator. The increased complexity of fund raising scenario, driven by the broad economic environment as well as the need for using alternative funding sources, has sparked research in smart computing techniques. Covering a wide range of detailed topics, the authors of this book offer an outstanding overview of the current state of the art; providing deep insights into smart computing methods, tools, and their applications in crowdfunding; exploring the importance of smart analysis, prediction, and decision-making within the fintech industry. This book is intended to be an authoritative and valuable resource for professional practitioners and researchers alike, as well as finance engineering, and computer science students who are interested in crowdfunding and other emerging fintech topics.

Download or read book Credit Risk Analytics written by Bart Baesens and published by John Wiley & Sons. This book was released on 2016-09-19 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt: The long-awaited, comprehensive guide to practical credit risk modeling Credit Risk Analytics provides a targeted training guide for risk managers looking to efficiently build or validate in-house models for credit risk management. Combining theory with practice, this book walks you through the fundamentals of credit risk management and shows you how to implement these concepts using the SAS credit risk management program, with helpful code provided. Coverage includes data analysis and preprocessing, credit scoring; PD and LGD estimation and forecasting, low default portfolios, correlation modeling and estimation, validation, implementation of prudential regulation, stress testing of existing modeling concepts, and more, to provide a one-stop tutorial and reference for credit risk analytics. The companion website offers examples of both real and simulated credit portfolio data to help you more easily implement the concepts discussed, and the expert author team provides practical insight on this real-world intersection of finance, statistics, and analytics. SAS is the preferred software for credit risk modeling due to its functionality and ability to process large amounts of data. This book shows you how to exploit the capabilities of this high-powered package to create clean, accurate credit risk management models. Understand the general concepts of credit risk management Validate and stress-test existing models Access working examples based on both real and simulated data Learn useful code for implementing and validating models in SAS Despite the high demand for in-house models, there is little comprehensive training available; practitioners are left to comb through piece-meal resources, executive training courses, and consultancies to cobble together the information they need. This book ends the search by providing a comprehensive, focused resource backed by expert guidance. Credit Risk Analytics is the reference every risk manager needs to streamline the modeling process.

Download or read book Software Tools and Algorithms for Biological Systems written by Hamid Arabnia and published by Springer Science & Business Media. This book was released on 2011-03-23 with total page 776 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Software Tools and Algorithms for Biological Systems" is composed of a collection of papers received in response to an announcement that was widely distributed to academicians and practitioners in the broad area of computational biology and software tools. Also, selected authors of accepted papers of BIOCOMP’09 proceedings (International Conference on Bioinformatics and Computational Biology: July 13-16, 2009; Las Vegas, Nevada, USA) were invited to submit the extended versions of their papers for evaluation.

Download or read book Trends and Applications in Software Engineering written by Jezreel Mejia and published by Springer Nature. This book was released on 2019-10-16 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains a selection of papers from The 2019 International Conference on Software Process Improvement (CIMPS’19), held between the 23th and 25th of October in León, Guanajuato, México. The CIMPS’19 is a global forum for researchers and practitioners that present and discuss the most recent innovations, trends, results, experiences and concerns in the several perspectives of Software Engineering with clear relationship but not limited to software processes, Security in Information and Communication Technology and Data Analysis Field. The main topics covered are: Organizational Models, Standards and Methodologies, Software Process Improvement, Knowledge Management, Software Systems, Applications and Tools, Information and Communication Technologies and Processes in non-software domains (Mining, automotive, aerospace, business, health care, manufacturing, etc.) with a demonstrated relationship to Software Engineering Challenges.

Download or read book A Legal Theory for Autonomous Artificial Agents written by Samir Chopra and published by University of Michigan Press. This book was released on 2011-07-18 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: What legal status should be granted to artificial agents?

Download or read book Innovations in Bio Inspired Computing and Applications written by Ajith Abraham and published by Springer. This book was released on 2018-03-09 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book highlights recent research results in Bio-Inspired Computing and Applications. It presents 33 selected papers from the 8th International Conference on Innovations in Bio-Inspired Computing and Applications (IBICA 2017), which was held in Marrakesh, Morocco from December 11 to 13, 2017. A premier conference in the nature-inspired computing field, IBICA is intended to bring together the world’s leading researchers and practitioners interested in advancing the state of the art in biologically inspired computing, allowing them to exchange notes on a broad range of disciplines. The book offers a valuable reference guide for all researchers, students and practitioners in the fields of Computer Science and Engineering.

Download or read book Advanced Credit Risk Analysis and Management written by Ciby Joseph and published by John Wiley & Sons. This book was released on 2013-04-22 with total page 454 pages. Available in PDF, EPUB and Kindle. Book excerpt: Credit is essential in the modern world and creates wealth, provided it is used wisely. The Global Credit Crisis during 2008/2009 has shown that sound understanding of underlying credit risk is crucial. If credit freezes, almost every activity in the economy is affected. The best way to utilize credit and get results is to understand credit risk. Advanced Credit Risk Analysis and Management helps the reader to understand the various nuances of credit risk. It discusses various techniques to measure, analyze and manage credit risk for both lenders and borrowers. The book begins by defining what credit is and its advantages and disadvantages, the causes of credit risk, a brief historical overview of credit risk analysis and the strategic importance of credit risk in institutions that rely on claims or debtors. The book then details various techniques to study the entity level credit risks, including portfolio level credit risks. Authored by a credit expert with two decades of experience in corporate finance and corporate credit risk, the book discusses the macroeconomic, industry and financial analysis for the study of credit risk. It covers credit risk grading and explains concepts including PD, EAD and LGD. It also highlights the distinction with equity risks and touches on credit risk pricing and the importance of credit risk in Basel Accords I, II and III. The two most common credit risks, project finance credit risk and working capital credit risk, are covered in detail with illustrations. The role of diversification and credit derivatives in credit portfolio management is considered. It also reflects on how the credit crisis develops in an economy by referring to the bubble formation. The book links with the 2008/2009 credit crisis and carries out an interesting discussion on how the credit crisis may have been avoided by following the fundamentals or principles of credit risk analysis and management. The book is essential for both lenders and borrowers. Containing case studies adapted from real life examples and exercises, this important text is practical, topical and challenging. It is useful for a wide spectrum of academics and practitioners in credit risk and anyone interested in commercial and corporate credit and related products.