Download or read book Weather Derivative Valuation written by Stephen Jewson and published by Cambridge University Press. This book was released on 2005-03-10 with total page 393 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 2005, Weather Derivative Valuation covers all the meteorological, statistical, financial and mathematical issues that arise in the pricing and risk management of weather derivatives. There are chapters on meteorological data and data cleaning, the modelling and pricing of single weather derivatives, the modelling and valuation of portfolios, the use of weather and seasonal forecasts in the pricing of weather derivatives, arbitrage pricing for weather derivatives, risk management, and the modelling of temperature, wind and precipitation. Specific issues covered in detail include the analysis of uncertainty in weather derivative pricing, time-series modelling of daily temperatures, the creation and use of probabilistic meteorological forecasts and the derivation of the weather derivative version of the Black-Scholes equation of mathematical finance. Written by consultants who work within the weather derivative industry, this book is packed with practical information and theoretical insight into the world of weather derivative pricing.
Download or read book Weather Derivatives written by Antonis Alexandridis K. and published by Springer Science & Business Media. This book was released on 2012-11-30 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: Weather derivatives are financial instruments that can be used by organizations or individuals as part of a risk management strategy to minimize risk associated with adverse or unexpected weather conditions. Just as traditional contingent claims, a weather derivative has an underlying measure, such as: rainfall, wind, snow or temperature. Nearly $1 trillion of the U.S. economy is directly exposed to weather-related risk. More precisely, almost 30% of the U.S. economy and 70% of U.S. companies are affected by weather. The purpose of this monograph is to conduct an in-depth analysis of financial products that are traded in the weather market. Presenting a pricing and modeling approach for weather derivatives written on various underlying weather variables will help students, researchers, and industry professionals accurately price weather derivatives, and will provide strategies for effectively hedging against weather-related risk. This book will link the mathematical aspects of the modeling procedure of weather variables to the financial markets and the pricing of weather derivatives. Very little has been published in the area of weather risk, and this volume will appeal to graduate-level students and researchers studying financial mathematics, risk management, or energy finance, in addition to investors and professionals within the financial services industry.
Download or read book Advances in Risk Management written by G. Gregoriou and published by Springer. This book was released on 2006-11-17 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: This important book brings together an edited series of papers about risk management and the latest developments in the field. Covering topics such as Stochastic Volatility, Risk Dynamics and Portfolio Diversification, this book is vital for optimal portfolio allocation for private and institutional investors, and is an indispensable tool.
Download or read book Wavelet Neural Networks written by Antonios K. Alexandridis and published by John Wiley & Sons. This book was released on 2014-04-24 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: A step-by-step introduction to modeling, training, and forecasting using wavelet networks Wavelet Neural Networks: With Applications in Financial Engineering, Chaos, and Classification presents the statistical model identification framework that is needed to successfully apply wavelet networks as well as extensive comparisons of alternate methods. Providing a concise and rigorous treatment for constructing optimal wavelet networks, the book links mathematical aspects of wavelet network construction to statistical modeling and forecasting applications in areas such as finance, chaos, and classification. The authors ensure that readers obtain a complete understanding of model identification by providing in-depth coverage of both model selection and variable significance testing. Featuring an accessible approach with introductory coverage of the basic principles of wavelet analysis, Wavelet Neural Networks: With Applications in Financial Engineering, Chaos, and Classification also includes: • Methods that can be easily implemented or adapted by researchers, academics, and professionals in identification and modeling for complex nonlinear systems and artificial intelligence • Multiple examples and thoroughly explained procedures with numerous applications ranging from financial modeling and financial engineering, time series prediction and construction of confidence and prediction intervals, and classification and chaotic time series prediction • An extensive introduction to neural networks that begins with regression models and builds to more complex frameworks • Coverage of both the variable selection algorithm and the model selection algorithm for wavelet networks in addition to methods for constructing confidence and prediction intervals Ideal as a textbook for MBA and graduate-level courses in applied neural network modeling, artificial intelligence, advanced data analysis, time series, and forecasting in financial engineering, the book is also useful as a supplement for courses in informatics, identification and modeling for complex nonlinear systems, and computational finance. In addition, the book serves as a valuable reference for researchers and practitioners in the fields of mathematical modeling, engineering, artificial intelligence, decision science, neural networks, and finance and economics.
Download or read book ACRN Proceedings in Finance and Risk Series 13 written by Dr. Othmar M. Lehner and published by ACRN Publishing House. This book was released on 2014-03-06 with total page 575 pages. Available in PDF, EPUB and Kindle. Book excerpt: Proceedings of the 14th FRAP Finance, Risk and Accounting Perspectives conference taking place in Cambridge UK.
Download or read book Engineering Applications of Neural Networks written by Lazaros S. Iliadis and published by Springer. This book was released on 2013-09-25 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt: The two volumes set, CCIS 383 and 384, constitutes the refereed proceedings of the 14th International Conference on Engineering Applications of Neural Networks, EANN 2013, held on Halkidiki, Greece, in September 2013. The 91 revised full papers presented were carefully reviewed and selected from numerous submissions. The papers describe the applications of artificial neural networks and other soft computing approaches to various fields such as pattern recognition-predictors, soft computing applications, medical applications of AI, fuzzy inference, evolutionary algorithms, classification, learning and data mining, control techniques-aspects of AI evolution, image and video analysis, classification, pattern recognition, social media and community based governance, medical applications of AI-bioinformatics and learning.
Download or read book Engineering Applications of Neural Networks written by Dominic Palmer-Brown and published by Springer Science & Business Media. This book was released on 2009-08-19 with total page 508 pages. Available in PDF, EPUB and Kindle. Book excerpt: A cursory glance at the table of contents of EANN 2009 reveals the am- ing range of neural network and related applications. A random but revealing sample includes: reducing urban concentration, entropy topography in epil- tic electroencephalography, phytoplanktonic species recognition, revealing the structure of childhood abdominal pain data, robot control, discriminating angry and happy facial expressions, ?ood forecasting, and assessing credit worthiness. The diverse nature of applications demonstrates the vitality of neural comp- ing and related soft computing approaches, and their relevance to many key contemporary technological challenges. It also illustrates the value of EANN in bringing together a broad spectrum of delegates from across the world to learn from each other’s related methods. Variations and extensions of many methods are well represented in the proceedings, ranging from support vector machines, fuzzy reasoning, and Bayesian methods to snap-drift and spiking neurons. This year EANN accepted approximately 40% of submitted papers for fu- length presentation at the conference. All members of the Program Committee were asked to participate in the reviewing process. The standard of submissions was high, according to the reviewers, who did an excellent job. The Program and Organizing Committees thank them. Approximately 20% of submitted - pers will be chosen, the best according to the reviews, to be extended and - viewedagainfor inclusionin a specialissueofthe journalNeural Computing and Applications. We hope that these proceedings will help to stimulate further research and development of new applications and modes of neural computing.
Download or read book Quarterly Publication of the American Statistical Association written by and published by . This book was released on 2005 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Risk written by and published by . This book was released on 2002 with total page 804 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Sub seasonal to Seasonal Prediction written by Andrew Robertson and published by Elsevier. This book was released on 2018-10-19 with total page 588 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Gap Between Weather and Climate Forecasting: Sub-seasonal to Seasonal Prediction is an ideal reference for researchers and practitioners across the range of disciplines involved in the science, modeling, forecasting and application of this new frontier in sub-seasonal to seasonal (S2S) prediction. It provides an accessible, yet rigorous, introduction to the scientific principles and sources of predictability through the unique challenges of numerical simulation and forecasting with state-of-science modeling codes and supercomputers. Additional coverage includes the prospects for developing applications to trigger early action decisions to lessen weather catastrophes, minimize costly damage, and optimize operator decisions. The book consists of a set of contributed chapters solicited from experts and leaders in the fields of S2S predictability science, numerical modeling, operational forecasting, and developing application sectors. The introduction and conclusion, written by the co-editors, provides historical perspective, unique synthesis and prospects, and emerging opportunities in this exciting, complex and interdisciplinary field. - Contains contributed chapters from leaders and experts in sub-seasonal to seasonal science, forecasting and applications - Provides a one-stop shop for graduate students, academic and applied researchers, and practitioners in an emerging and interdisciplinary field - Offers a synthesis of the state of S2S science through the use of concrete examples, enabling potential users of S2S forecasts to quickly grasp the potential for application in their own decision-making - Includes a broad set of topics, illustrated with graphic examples, that highlight interdisciplinary linkages
Download or read book Climate Change and the Private Sector written by Craig Hart and published by Routledge. This book was released on 2013-07-24 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate Change and the Private Sector explores the challenges of transforming our energy infrastructure to become carbon neutral and adapting to climate change in the twenty-first century. It examines the critical role that the private sector must play in these challenges. To transform the global energy complex to be carbon neutral within a time frame designed to prevent irreparable damage to the environment presents unprecedented challenges. The private sector must deploy financial, material, and engineering resources on a scale never before undertaken — with government providing leadership, removing barriers and supporting industry efforts through policies that mobilize markets to achieve environmental objectives. A key element of supporting private sector initiative to address climate change is policies that help form and sustain markets that supply, finance and generate demand for the technologies necessary to transform our energy infrastructure. The characteristics and examples of these policies are explored in detail. Companies that respond to these challenges both by mitigating greenhouse gases and adapting to climate change will enhance their own competitiveness and contribute to society in the process. Companies that embrace the challenge to decarbonize their manufacturing operations, whether in response to regulation (or the threat of regulation) or market opportunities, invariably discover ways to improve their operations in the process that could potentially enhance their ability to produce better products, more efficiently. The book explores examples of companies that have redesigned their products and manufacturing processes, and in doing so transformed themselves and reshaped their industries. As in the case of companies mitigating greenhouse gas emissions, companies that lead their industries in adapting their own operations to a changing physical environment are more likely to ensure their resilience in a changing business environment. This book provides business, policy and academic audiences with an in-depth exploration of the subject, and a practical guide to action.
Download or read book The 9th International Conference on Energy and Environment Research written by Nídia S. Caetano and published by Springer Nature. This book was released on 2023-12-01 with total page 813 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the 9th edition of the International Conference on Energy and Environment Research, ICEER 2022, took place in the middle of September, ISEP, Porto, Portugal (Hybrid). This book includes all the well-presented papers in ICEER 2022. The maturity of this conference series has now been reached, with a large number of participants from academia, as well as a few coming from the professional field. Linking together energy and environment research is not an easy task. However, it is now understood that these fields are interconnected and that the answer to the challenge of a sustainable future depends enormously on the willingness and capability of problem thinking in an integrated manner. This book presents the participants in ICEER 2022 contribution toward sustainability, through energy and environment research, thanks for all.
Download or read book Routledge Handbook of Energy Economics written by Uğur Soytaş and published by Routledge. This book was released on 2019-09-23 with total page 700 pages. Available in PDF, EPUB and Kindle. Book excerpt: Energy consumption and production have major influences on the economy, environment, and society, but in return they are also influenced by how the economy is structured, how the social institutions work, and how the society deals with environmental degradation. The need for integrated assessment of the relationship between energy, economy, environment, and society is clear, and this handbook offers an in-depth review of all four pillars of the energy-economy-environment-society nexus. Bringing together contributions from all over the world, this handbook includes sections devoted to each of the four pillars. Moreover, as the financialization of commodity markets has made risk analysis more complicated and intriguing, the sections also cover energy commodity markets and their links to other financial and non-financial markets. In addition, econometric modeling and the forecasting of energy needs, as well as energy prices and volatilities, are also explored. Each part emphasizes the multidisciplinary nature of the energy economics field and from this perspective, chapters offer a review of models and methods used in the literature. The Routledge Handbook of Energy Economics will be of great interest to all those studying and researching in the area of energy economics. It offers guideline suggestions for policy makers as well as for future research.
Download or read book The World Scientific Handbook Of Futures Markets written by Anastasios G Malliaris and published by World Scientific. This book was released on 2015-08-06 with total page 844 pages. Available in PDF, EPUB and Kindle. Book excerpt: The World Scientific Handbook of Futures Markets serves as a definitive source for comprehensive and accessible information in futures markets. The emphasis is on the unique characteristics of futures markets that make them worthy of a special volume. In our judgment, futures markets are currently undergoing remarkable changes as trading is shifting from open outcry to electronic and as the traditional functions of hedging and speculation are extended to include futures as an alternative investment vehicle in traditional portfolios. The unique feature of this volume is the selection of five classic papers that lay the foundations of the futures markets and the invitation to the leading academics who do work in the area to write critical surveys in a dozen important topics.
Download or read book Handbook Of Energy Finance Theories Practices And Simulations written by Stephane Goutte and published by World Scientific. This book was released on 2020-01-30 with total page 827 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modeling the dynamics of energy markets has become a challenging task. The intensification of their financialization since 2004 had made them more complex but also more integrated with other tradable asset classes. More importantly, their large and frequent fluctuations in terms of both prices and volatility, particularly in the aftermath of the global financial crisis 2008-2009, posit difficulties for modeling and forecasting energy price behavior and are primary sources of concerns for macroeconomic stability and general economic performance.This handbook aims to advance the debate on the theories and practices of quantitative energy finance while shedding light on innovative results and technical methods applied to energy markets. Its primary focus is on the recent development and applications of mathematical and quantitative approaches for a better understanding of the stochastic processes that drive energy market movements. The handbook is designed for not only graduate students and researchers but also practitioners and policymakers.
Download or read book Commodity Price Dynamics written by Craig Pirrong and published by Cambridge University Press. This book was released on 2011-10-31 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: Commodities have become an important component of many investors' portfolios and the focus of much political controversy over the past decade. This book utilizes structural models to provide a better understanding of how commodities' prices behave and what drives them. It exploits differences across commodities and examines a variety of predictions of the models to identify where they work and where they fail. The findings of the analysis are useful to scholars, traders and policy makers who want to better understand often puzzling - and extreme - movements in the prices of commodities from aluminium to oil to soybeans to zinc.
Download or read book Bulletin of the Atomic Scientists written by and published by . This book was released on 1973-10 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Bulletin of the Atomic Scientists is the premier public resource on scientific and technological developments that impact global security. Founded by Manhattan Project Scientists, the Bulletin's iconic "Doomsday Clock" stimulates solutions for a safer world.
