Download or read book Extreme Events written by Malcolm Kemp and published by John Wiley & Sons. This book was released on 2011-10-04 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: Taking due account of extreme events when constructing portfolios of assets or liabilities is a key discipline for market professionals. Extreme events are a fact of life in how markets operate. In Extreme Events: Robust Portfolio Construction in the Presence of Fat Tails, leading expert Malcolm Kemp shows readers how to analyse market data to uncover fat-tailed behaviour, how to incorporate expert judgement in the handling of such information, and how to refine portfolio construction methodologies to make portfolios less vulnerable to extreme events or to benefit more from them. This is the only text that combines a comprehensive treatment of modern risk budgeting and portfolio construction techniques with the specific refinements needed for them to handle extreme events. It explains in a logical sequence what constitutes fat-tailed behaviour and why it arises, how we can analyse such behaviour, at aggregate, sector or instrument level, and how we can then take advantage of this analysis. Along the way, it provides a rigorous, comprehensive and clear development of traditional portfolio construction methodologies applicable if fat-tails are absent. It then explains how to refine these methodologies to accommodate real world behaviour. Throughout, the book highlights the importance of expert opinion, showing that even the most data-centric portfolio construction approaches ultimately depend on practitioner assumptions about how the world might behave. The book includes: Key concepts and methods involved in analysing extreme events A comprehensive treatment of mean-variance investing, Bayesian methods, market consistent approaches, risk budgeting, and their application to manager and instrument selection A systematic development of the refinements needed to traditional portfolio construction methodologies to cater for fat-tailed behaviour Latest developments in stress testing and back testing methodologies A strong focus on the practical implementation challenges that can arise at each step in the process and on how to overcome these challenges “Understanding how to model and analyse the risk of extreme events is a crucial part of the risk management process. This book provides a set of techniques that allow practitioners to do this comprehensively.” Paul Sweeting, Professor of Actuarial Science, University of Kent “How can the likeliness of crises affect the construction of portfolios? This question is highly topical in times where we still have to digest the last financial collapse. Malcolm Kemp gives the answer. His book is highly recommended to experts as well as to students in the financial field.” Christoph Krischanitz, President Actuarial Association of Austria, Chairman WG “Market Consistency” of Groupe Consultatif

Download or read book Statistical Techniques for Modelling Extreme Value Data and Related Applications written by Haroon M. Barakat and published by Cambridge Scholars Publishing. This book was released on 2019-05-14 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book tackles some modern trends and methods in the modelling of extreme data. Usually such data arise from random phenomena such as floods, hurricanes, air and water pollutants, extreme claim sizes, life spans, and maximum sizes of ecological populations. It provides the latest statistical methods to model these random phenomena to understand and predict them, thus allowing the avoidance of damage or at least minimizing it. In addition, this book sheds light on the mathematical and statistical theories on which applied modelling methods were built. Therefore, it has both an applied and theoretical orientation, and represents a valuable addition to existing literature on the modelling of extreme value data.

Download or read book Risk Modeling Assessment and Management written by Yacov Y. Haimes and published by John Wiley & Sons. This book was released on 2015-07-15 with total page 720 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents systems-based theory, methodology, and applications in risk modeling, assessment, and management This book examines risk analysis, focusing on quantifying risk and constructing probabilities for real-world decision-making, including engineering, design, technology, institutions, organizations, and policy. The author presents fundamental concepts (hierarchical holographic modeling; state space; decision analysis; multi-objective trade-off analysis) as well as advanced material (extreme events and the partitioned multi-objective risk method; multi-objective decision trees; multi-objective risk impact analysis method; guiding principles in risk analysis); avoids higher mathematics whenever possible; and reinforces the material with examples and case studies. The book will be used in systems engineering, enterprise risk management, engineering management, industrial engineering, civil engineering, and operations research. The fourth edition of Risk Modeling, Assessment, and Management features: Expanded chapters on systems-based guiding principles for risk modeling, planning, assessment, management, and communication; modeling interdependent and interconnected complex systems of systems with phantom system models; and hierarchical holographic modeling An expanded appendix including a Bayesian analysis for the prediction of chemical carcinogenicity, and the Farmer’s Dilemma formulated and solved using a deterministic linear model Updated case studies including a new case study on sequential Pareto-optimal decisions for emergent complex systems of systems A new companion website with over 200 solved exercises that feature risk analysis theories, methodologies, and application Risk Modeling, Assessment, and Management, Fourth Edition, is written for both undergraduate and graduate students in systems engineering and systems management courses. The text also serves as a resource for academic, industry, and government professionals in the fields of homeland and cyber security, healthcare, physical infrastructure systems, engineering, business, and more.

Download or read book Handbook of Engineering Hydrology written by Saeid Eslamian and published by CRC Press. This book was released on 2014-03-21 with total page 646 pages. Available in PDF, EPUB and Kindle. Book excerpt: While most books examine only the classical aspects of hydrology, this three-volume set covers multiple aspects of hydrology. It examines new approaches, addresses growing concerns about hydrological and ecological connectivity, and considers the worldwide impact of climate change.It also provides updated material on hydrological science and engine

Download or read book Climate of Extremes written by Patrick J. Michaels and published by Cato Institute. This book was released on 2009-01-28 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: There's a whole new world of global warming science today, but few people hear about it. In recent years, an internally consistent body of scientific literature has emerged that argues cogently for global warming but against the gloom-and-doom vision of climate change. But those who merely call attention to this literature are intimidated, blacklisted, and even driven from prestigious scientific employment. Calling the current scientific environment a "climate of extremes" is an understatement. It's a fact that there are fewer citations in the refereed scientific literature providing evidence for the moderate view of global warming, but that's to be expected. In Climate of Extremes, climatologists Patrick J. Michaels and Robert Balling Jr. explain that climate science is hardly unbiased, even though the global climate community itself believes that any new finding has an equal probability of making our climatic future appear more or less dire. Michaels and Balling examine all aspects of the apocalyptic vision of climate change making headlines almost every day: Hurricanes pumped up by global warming, rapid melting of Greenland and Antarctica resulting in 20 feet of sea-level rise in the next 90 years, that global warming is occurring at an increasing pace, and there is a massive increase in heat-wave related deaths. Each one of these pop-culture icons of climate change turns out to be short on facts and long on exaggeration. People who read Climate of Extremes will emerge well-armed against an army of extremists hawking climate change as the greatest threat ever to our society and way of life.

Download or read book Modelling Extremal Events written by Paul Embrechts and published by Springer Science & Business Media. This book was released on 2013-03-14 with total page 657 pages. Available in PDF, EPUB and Kindle. Book excerpt: "A reader's first impression on leafing through this book is of the large number of graphs and diagrams, used to illustrate shapes of distributions...and to show real data examples in various ways. A closer reading reveals a nice mix of theory and applications, with the copious graphical illustrations alluded to. Such a mixture is of course dear to the heart of the applied probabilist/statistician, and should impress even the most ardent theorists." --MATHEMATICAL REVIEWS

Download or read book Extreme Hydrology and Climate Variability written by Assefa Melesse and published by Elsevier. This book was released on 2019-07-03 with total page 584 pages. Available in PDF, EPUB and Kindle. Book excerpt: Extreme Hydrology and Climate Variability: Monitoring, Modelling, Adaptation and Mitigation is a compilation of contributions by experts from around the world who discuss extreme hydrology topics, from monitoring, to modeling and management. With extreme climatic and hydrologic events becoming so frequent, this book is a critical source, adding knowledge to the science of extreme hydrology. Topics covered include hydrometeorology monitoring, climate variability and trends, hydrological variability and trends, landscape dynamics, droughts, flood processes, and extreme events management, adaptation and mitigation. Each of the book's chapters provide background and theoretical foundations followed by approaches used and results of the applied studies. This book will be highly used by water resource managers and extreme event researchers who are interested in understanding the processes and teleconnectivity of large-scale climate dynamics and extreme events, predictability, simulation and intervention measures. - Presents datasets used and methods followed to support the findings included, allowing readers to follow these steps in their own research - Provides variable methodological approaches, thus giving the reader multiple hydrological modeling information to use in their work - Includes a variety of case studies, thus making the context of the book relatable to everyday working situations for those studying extreme hydrology - Discusses extreme event management, including adaption and mitigation

Download or read book Extremes in Nature written by Gianfausto Salvadori and published by Springer Science & Business Media. This book was released on 2007-06-01 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is about the theoretical and practical aspects of the statistics of Extreme Events in Nature. Most importantly, this is the first text in which Copulas are introduced and used in Geophysics. Several topics are fully original, and show how standard models and calculations can be improved by exploiting the opportunities offered by Copulas. In addition, new quantities useful for design and risk assessment are introduced.

Download or read book Dynamics and Predictability of Large Scale High Impact Weather and Climate Events written by Jianping Li and published by Cambridge University Press. This book was released on 2016-03-24 with total page 371 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the dynamical processes between high-impact weather and climate events, and between atmospheric and ocean phenomena.

Download or read book Computational Models of Risks to Infrastructure written by D. Skanata and published by IOS Press. This book was released on 2007-08-08 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication deals with modeling of infrastructure risk. The objective, exploring different methodologies and related applications, recognized four major topics: Complex Models; Simulation Models; Distributional Models; and Deterministic Models. Focus is on the following issues: the state-of-the-art and practice, gaps between the arts and practices, ways to bridge the gaps, and future research directions. In the first chapter, papers can be found on Computational Nonlinear Models of Risk Assessment, Risk-Based Evaluation of Safety and Security Programs in Critical Infrastructure and Risk Assessment of Modes of Terrorist Attack. One of the papers in the chapter on Simulation Models is on Computational Models for the Simulation of Evacuations following Infrastructure Failures and Terrorist Incidents. Bayesian Belief Nets for Discrete and Continuous Variables and Development of Risk Based Software for Analysis of Power Engineering Accidents are two titles of papers in the third chapter of the book on Distributional Models. Finally, the fourth chapter on Deterministic Models focuses on Environmental Risk Ranking and more.

Download or read book Handbook of the Gatling Gun Caliber 30 Models of 1895 1900 and 1903 Metallic Carriage and Limber Casement Mount written by United States. Army. Ordnance Department. War Department and published by . This book was released on 1917 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Evolving Rule Based Models written by Plamen P. Angelov and published by Physica. This book was released on 2013-03-20 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: The idea about this book has evolved during the process of its preparation as some of the results have been achieved in parallel with its writing. One reason for this is that in this area of research results are very quickly updated. Another is, possibly, that a strong, unchallenged theoretical basis in this field still does not fully exist. From other hand, the rate of innovation, competition and demand from different branches of industry (from biotech industry to civil and building engineering, from market forecasting to civil aviation, from robotics to emerging e-commerce) is increasingly pressing for more customised solutions based on learning consumers behaviour. A highly interdisciplinary and rapidly innovating field is forming which focus is the design of intelligent, self-adapting systems and machines. It is on the crossroads of control theory, artificial and computational intelligence, different engineering disciplines borrowing heavily from the biology and life sciences. It is often called intelligent control, soft computing or intelligent technology. Some other branches have appeared recently like intelligent agents (which migrated from robotics to different engineering fields), data fusion, knowledge extraction etc., which are inherently related to this field. The core is the attempts to enhance the abilities of the classical control theory in order to have more adequate, flexible, and adaptive models and control algorithms.

Download or read book The Boys Outfitter written by and published by . This book was released on 1962 with total page 948 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book United States Economist and Dry Goods Reporter written by and published by . This book was released on 1912 with total page 830 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Cancer Treatment Reports written by and published by . This book was released on 1976 with total page 1272 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Marine Engineering Log written by and published by . This book was released on 1919 with total page 1290 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Bridge Maintenance Safety Management Life Cycle Sustainability and Innovations written by Hiroshi Yokota and published by CRC Press. This book was released on 2021-04-20 with total page 8732 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bridge Maintenance, Safety, Management, Life-Cycle Sustainability and Innovations contains lectures and papers presented at the Tenth International Conference on Bridge Maintenance, Safety and Management (IABMAS 2020), held in Sapporo, Hokkaido, Japan, April 11–15, 2021. This volume consists of a book of extended abstracts and a USB card containing the full papers of 571 contributions presented at IABMAS 2020, including the T.Y. Lin Lecture, 9 Keynote Lectures, and 561 technical papers from 40 countries. The contributions presented at IABMAS 2020 deal with the state of the art as well as emerging concepts and innovative applications related to the main aspects of maintenance, safety, management, life-cycle sustainability and technological innovations of bridges. Major topics include: advanced bridge design, construction and maintenance approaches, safety, reliability and risk evaluation, life-cycle management, life-cycle sustainability, standardization, analytical models, bridge management systems, service life prediction, maintenance and management strategies, structural health monitoring, non-destructive testing and field testing, safety, resilience, robustness and redundancy, durability enhancement, repair and rehabilitation, fatigue and corrosion, extreme loads, and application of information and computer technology and artificial intelligence for bridges, among others. This volume provides both an up-to-date overview of the field of bridge engineering and significant contributions to the process of making more rational decisions on maintenance, safety, management, life-cycle sustainability and technological innovations of bridges for the purpose of enhancing the welfare of society. The Editors hope that these Proceedings will serve as a valuable reference to all concerned with bridge structure and infrastructure systems, including engineers, researchers, academics and students from all areas of bridge engineering.