Download or read book The Knowledge Ahead Approach to Risk written by Robin Pope and published by Springer Science & Business Media. This book was released on 2006-11-23 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is written for those seeking a decision theory appropriate for use in serious choices such as insurance. It employs stages of knowledge ahead to track satisfactions and dissatisfactions. From experimental and questionnaire data, people take into account such stages of knowledge ahead satisfactions and dissatisfactions. This means we must go beyond standard decision theories like expected utility or cumulative prospect theory.

Download or read book Financial Risk Management with Bayesian Estimation of GARCH Models written by David Ardia and published by Springer Science & Business Media. This book was released on 2008-05-08 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents in detail methodologies for the Bayesian estimation of sing- regime and regime-switching GARCH models. These models are widespread and essential tools in n ancial econometrics and have, until recently, mainly been estimated using the classical Maximum Likelihood technique. As this study aims to demonstrate, the Bayesian approach o ers an attractive alternative which enables small sample results, robust estimation, model discrimination and probabilistic statements on nonlinear functions of the model parameters. The author is indebted to numerous individuals for help in the preparation of this study. Primarily, I owe a great debt to Prof. Dr. Philippe J. Deschamps who inspired me to study Bayesian econometrics, suggested the subject, guided me under his supervision and encouraged my research. I would also like to thank Prof. Dr. Martin Wallmeier and my colleagues of the Department of Quantitative Economics, in particular Michael Beer, Roberto Cerratti and Gilles Kaltenrieder, for their useful comments and discussions. I am very indebted to my friends Carlos Ord as Criado, Julien A. Straubhaar, J er ^ ome Ph. A. Taillard and Mathieu Vuilleumier, for their support in the elds of economics, mathematics and statistics. Thanks also to my friend Kevin Barnes who helped with my English in this work. Finally, I am greatly indebted to my parents and grandparents for their support and encouragement while I was struggling with the writing of this thesis.

Download or read book Fuzzy Portfolio Optimization written by Yong Fang and published by Springer Science & Business Media. This book was released on 2008-09-20 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most of the existing portfolio selection models are based on the probability theory. Though they often deal with the uncertainty via probabilistic - proaches, we have to mention that the probabilistic approaches only partly capture the reality. Some other techniques have also been applied to handle the uncertainty of the ?nancial markets, for instance, the fuzzy set theory [Zadeh (1965)]. In reality, many events with fuzziness are characterized by probabilistic approaches, although they are not random events. The fuzzy set theory has been widely used to solve many practical problems, including ?nancial risk management. By using fuzzy mathematical approaches, quan- tative analysis, qualitative analysis, the experts’ knowledge and the investors’ subjective opinions can be better integrated into a portfolio selection model. The contents of this book mainly comprise of the authors’ research results for fuzzy portfolio selection problems in recent years. In addition, in the book, the authors will also introduce some other important progress in the ?eld of fuzzy portfolio optimization. Some fundamental issues and problems of po- folioselectionhavebeenstudiedsystematicallyandextensivelybytheauthors to apply fuzzy systems theory and optimization methods. A new framework for investment analysis is presented in this book. A series of portfolio sel- tion models are given and some of them might be more e?cient for practical applications. Some application examples are given to illustrate these models by using real data from the Chinese securities markets.

Download or read book Computational Aspects of General Equilibrium Theory written by Donald Brown and published by Springer Science & Business Media. This book was released on 2008-01-08 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: This monograph presents a general equilibrium methodology for microeconomic policy analysis. It is intended to serve as an alternative to the now classical, axiomatic general equilibrium theory as exposited in Debreu`s Theory of Value (1959) or Arrow and Hahn`s General Competitive Analysis (1971). The monograph consists of several essays written over the last decade. It also contains an appendix by Charles Steinhorn on the elements of O-minimal structures.

Download or read book Knowledge in Risk Assessment and Management written by Terje Aven and published by John Wiley & Sons. This book was released on 2018-02-20 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exciting new developments in risk assessment and management Risk assessment and management is fundamentally founded on the knowledge available on the system or process under consideration. While this may be self-evident to the laymen, thought leaders within the risk community have come to recognize and emphasize the need to explicitly incorporate knowledge (K) in a systematic, rigorous, and transparent framework for describing and modeling risk. Featuring contributions by an international team of researchers and respected practitioners in the field, this book explores the latest developments in the ongoing effort to use risk assessment as a means for characterizing knowledge and/or lack of knowledge about a system or process of interest. By offering a fresh perspective on risk assessment and management, the book represents a significant contribution to the development of a sturdier foundation for the practice of risk assessment and for risk-informed decision making. How should K be described and evaluated in risk assessment? How can it be reflected and taken into account in formulating risk management strategies? With the help of numerous case studies and real-world examples, this book answers these and other critical questions at the heart of modern risk assessment, while identifying many practical challenges associated with this explicit framework. This book, written by international scholars and leaders in the field, and edited to make coverage both conceptually advanced and highly accessible: Offers a systematic, rigorous and transparent perspective and framework on risk assessment and management, explicitly strengthening the links between knowledge and risk Clearly and concisely introduces the key risk concepts at the foundation of risk assessment and management Features numerous cases and real-world examples, many of which focused on various engineering applications across an array of industries Knowledge of Risk Assessment and Management is a must-read for risk assessment and management professionals, as well as graduate students, researchers and educators in the field. It is also of interest to policy makers and business people who are eager to gain a better understanding of the foundations and boundaries of risk assessment, and how its outcomes should be used for decision-making.

Download or read book Preferences in Negotiations written by Henner Gimpel and published by Springer Science & Business Media. This book was released on 2007-06-13 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: The attachment effect can hinder effective negotiation. Parties are influenced by their subjective expectations formed on account of the exchange of offers, they form reference points, and loss aversion potentially leads to a change of preferences when expectations change. This book presents a motivation, formalization, and substantiation of the attachment effect. The results can be used for prescriptive advice to negotiators.

Download or read book Strategic Supply Chain Management in Process Industries written by Reinhard Hübner and published by Springer Science & Business Media. This book was released on 2007-06-13 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: Practitioners in process industry have to increasingly adapt their global production networks to changes in the competitive environment. A majority of the supply network design models proposed by academia do not sufficiently capture the questions that have to be resolved. This book provides the necessary operations research decision support tools. It builds on an example of the specialty chemicals industry.

Download or read book Recasting Transboundary Fisheries Management Arrangements in Light of Sustainability Principles written by Dawn A. Russell and published by BRILL. This book was released on 2010-10-25 with total page 573 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume reviews and critiques efforts to recast governance of marine fisheries on the basis of sustainability principles (e.g., precautionary and ecosystem approaches), with a focus on Canada’s transboundary fisheries management arrangements, and surveys international laws and policy developments governing transboundary fisheries.

Download or read book American Book Publishing Record written by and published by . This book was released on 2007 with total page 838 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Risk Quantification written by Laurent Condamin and published by John Wiley & Sons. This book was released on 2007-01-30 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a practical answer for the non-mathematician to all the questions any businessman always wanted to ask about risk quantification, and never dare to ask. Enterprise-wide risk management (ERM) is a key issue for board of directors worldwide. Its proper implementation ensures transparent governance with all stakeholders’ interests integrated into the strategic equation. Furthermore, Risk quantification is the cornerstone of effective risk management,at the strategic and tactical level, covering finance as well as ethics considerations. Both downside and upside risks (threats & opportunities) must be assessed to select the most efficient risk control measures and to set up efficient risk financing mechanisms. Only thus will an optimum return on capital and a reliable protection against bankruptcy be ensured, i.e. long term sustainable development. Within the ERM framework, each individual operational entity is called upon to control its own risks, within the guidelines set up by the board of directors, whereas the risk financing strategy is developed and implemented at the corporate level to optimise the balance between threats and opportunities, systematic and non systematic risks. This book is designed to equip each board member, each executives and each field manager, with the tool box enabling them to quantify the risks within his/her jurisdiction to all the extend possible and thus make sound, rational and justifiable decisions, while recognising the limits of the exercise. Beyond traditional probability analysis, used since the 18th Century by the insurance community, it offers insight into new developments like Bayesian expert networks, Monte-Carlo simulation, etc. with practical illustrations on how to implement them within the three steps of risk management, diagnostic, treatment and audit. With a foreword by Catherine Veret and an introduction by Kevin Knight.

Download or read book Responding to Rising Seas OECD Country Approaches to Tackling Coastal Risks written by OECD and published by OECD Publishing. This book was released on 2019-03-06 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is an urgent need to ensure that coastal areas are adapting to the impacts of climate change. Risks in these areas are projected to increase because of rising sea levels and development pressures. This report reviews how OECD countries can use their national adaptation planning processes...

Download or read book Good Practices for Disaster Risk Management of Cultural Heritage written by Rohit Jigyasu and published by Taylor & Francis. This book was released on 2023-06-27 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a selection of case studies undertaken by cultural heritage and disaster risk management professionals across the world demonstrating good practices for disaster risk management of cultural heritage. The readers will learn about the practical application of various methodologies, tools, and techniques for disaster risk assessment, mitigation, preparedness, response, and recovery of cultural heritage. They will also learn about the application of traditional knowledge and engagement of communities for disaster risk management of cultural heritage. This will help relevant organisations and professionals to develop and implement projects in this field. The intended audience for this book are Practitioners or site managers of cultural heritage sites and museums. Also, researchers and students studying disaster risk management of cultural heritage. The book will also be of interest to disaster risk management institutions at the urban, regional or national level/cultural heritage management institutions at the urban, regional or national level/city administration, municipalities, urban local bodies and planning departments/educational and research institutions which have specialised programmes in engineering, planning, disaster risk management, and conservation of cultural heritage.

Download or read book New Approaches to Local Climate Change Risk Analysis written by Åsa Gerger Swartling and published by Frontiers Media SA. This book was released on 2023-12-12 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: The JPI Climate – AXIS project “Unpacking climate impact CHAINs. A new generation of action – and user-oriented climate change risk assessments” (UNCHAIN) is approaching its end date (31.12.2022), and the project is looking for an opportunity to collect its remaining scientific publications into a Research Topic. The overall objective of UNCHAIN is to improve climate change risk assessment frameworks aimed at informed decision-making and climate change adaptation action through six methodological innovations: • To also cover the possible need for long-term and large-scale efforts of societal transformation; • To refine a structured method of co-production of knowledge and integrate this into impact modelling; • To develop and test an applicable framework for analyzing how societal change can affect local climate change vulnerabilities; • To develop and test a standardized analytical framework for addressing uncertainties involved in local decision-making on climate change adaptation; • To integrate the trans-national impacts of climate change; and, • To link mitigation and adaptation in climate risk and vulnerability assessments.

Download or read book Risk and Responsibilisation in Public Communication written by Antoinette Fage-Butler and published by Taylor & Francis. This book was released on 2023-10-23 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the connections between risk and responsibilisation in official communication to the public about the global risks of the pandemic and climate change. Our media spheres in the 2020s have been saturated with information about what we should or should not be doing to meet the challenges of the COVID-19 pandemic and climate change. Although the ability of risk communication to ‘responsibilise’ the public is central to its functioning in our societies, this aspect has so far been under-investigated in academia. To address this lacuna, Antoinette Fage-Butler develops a discursive approach to risk communication that focuses on the values that are communicated in risk messages. Examples of official risk communication about the pandemic and climate change from national and transnational contexts are analysed and compared, leading to new empirical findings and theoretical insights about the nature of risk and responsibilisation. Fage-Butler also builds on recent stirrings in the evolving field of risk communication that highlight the importance of cultural and value-related factors. Overall, this book will equip researchers with an approach to risk communication that reflects the complexity of today’s global risk challenges. Risk and Responsibilisation in Public Communication will be of great interest to students and scholars of risk communication, public health and environmental studies.

Download or read book The Economics of American Agriculture written by Steven C. Blank and published by M.E. Sharpe. This book was released on 2008-04-28 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This book answers the questions: what is happening to American agriculture, and why? Steven C. Blank uses portfolio theory to analyze both macro- and microeconomic data that paints a clear picture of the trends in agriculture, and explains why these trends are consistent with market evolution and global economic development. He clarifies agriculture's specific role in economic development with a focus on the current and future globalizing commodity markets. The book features empirical research that demonstrates the link between farm-level investment decisions and regional and national economic trends. It shows how the dynamic environment of industrialization and globalization of agriculture is part of a continuing development that is driven by technological innovation. This all points to a future with a very different agricultural production sector and some extremely important policy choices that will face the entire country.

Download or read book Handbook of Research on Recent Perspectives on Management International Trade and Logistics written by Aytekin, Güner Koç and published by IGI Global. This book was released on 2021-01-29 with total page 490 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this era of globalization, entrepreneurship and its implications on international trade and supply chain management are becoming more critical. In today’s change-oriented and complex business environment, both entrepreneurs and managers need to keep up with the latest developments around them. With the help of globalization, it is getting more attractive for entrepreneurs to generate innovative ideas to run business both nationally and internationally. Competitive advantages and the key for sustainable growth for globally founded institutions lies behind effective supply chain management originating from a single idea about establishing a company and the process to the end goal of reaching consumers. This focus on entrepreneurship, business, and supply chain comes at a time when rapid technological advances are continually being made. The Handbook of Research on Recent Perspectives on Management, International Trade, and Logistics reveals the latest data based on research on the issues of entrepreneurship, innovation, contemporary management techniques, and global supply chain management. Chapters include topics such as the effective management of the supply chain, supply chain modeling, e-business solutions, digitalizing the supply chain process, e-business applications, and more. This book is ideal for managers, executives, supply chain specialists, entrepreneurs, business professionals, researchers, academicians, and students interested in the latest findings in international trade, management, logistics, and business.

Download or read book Going Forward by Looking Back written by Felix Riede and published by Berghahn Books. This book was released on 2020-09-11 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt: Catastrophes are on the rise due to climate change, as is their toll in terms of lives and livelihoods as world populations rise and people settle into hazardous places. While disaster response and management are traditionally seen as the domain of the natural and technical sciences, awareness of the importance and role of cultural adaptation is essential. This book catalogues a wide and diverse range of case studies of such disasters and human responses. This serves as inspiration for building culturally sensitive adaptations to present and future calamities, to mitigate their impact, and facilitate recoveries.