Suchergebnisse

Die Arbeit gibt einen Überblick über den Entwicklungsstand von Solvency II und vergleicht Europäische Standard-Modelle. Besonderes Augenmerk wird hierbei auf das risikobasierte Deutsche Standard-Modell von GDV und BaFin gelegt. Für die Solvency II Diskussion spielen Abhängigkeiten zwischen Risiken eine wesentliche Rolle, da ihre Vernachlässigung in einem Versicherungsportfolio zu einer erheblichen Fehleinschätzung des Solvenzkapitals führen kann. Dies ist besonders kritisch bei der Betrachtung von Naturkatastrophen, wo Abhängigkeiten aufgrund enger räumlicher Distanz oder gemeinsamer klimatischer Ursachen auftreten können. Auch bei der Betrachtung der beiden Risikomaße Value at Risk und Expected Shortfall wird deutlich, welchen starken Einfluss die zugrunde liegende Abhängigkeitsstruktur hat. Daher werden in dieser Arbeit bekannte Abhängigkeitsstrukturen wie Copulas, lineare Korrelation, Rangkorrelation und Abhängigkeiten im Verteilungsende explizit betrachtet. Außerdem wird für die verwendete Copula als neues Verfahren ein Approximationsverfahren mittels diskreter Gittercopulas vorgestellt, für welche die Verteilung der Summe für beliebig viele Risiken explizit berechnet werden kann.

"This book provides an interdisciplinary approach to predictive analytics, bringing together the fields of business, statistics, and information technology for effective decision making"--

The challenges of the current financial environment have revealed the need for a new generation of professionals who combine training in traditional finance disciplines with an understanding of sophisticated quantitative and analytical tools. Risk Management and Simulation shows how simulation modeling and analysis can help you solve risk management problems related to market, credit, operational, business, and strategic risk.

Praise for the First Edition "…a nice, self-contained introduction to simulation and computational techniques in finance…" - Mathematical Reviews Simulation Techniques in Financial Risk Management, Second Edition takes a unique approach to the field of simulations by focusing on techniques necessary in the fields of finance and risk management. Thoroughly updated, the new edition expands on several key topics in these areas and presents many of the recent innovations in simulations and risk management, such as advanced option pricing models beyond the Black-Scholes paradigm, interest rate models, MCMC methods including stochastic volatility models simulations, model assets and model-free properties, jump diffusion, and state space modeling. The Second Edition also features: Updates to primary software used throughout the book, Microsoft Office® Excel® VBA New topical coverage on multiple assets, model-free properties, and related models More than 300 exercises at the end of each chapter, with select answers in the appendix, to help readers apply new concepts and test their understanding Extensive use of examples to illustrate how to use simulation techniques in risk management Practical case studies, such as the pricing of exotic options; simulations of Greeks in hedging; and the use of Bayesian ideas to assess the impact of jumps, so readers can reproduce the results of the studies A related website with additional solutions to problems within the book as well as Excel VBA and S-Plus computer code for many of the examples within the book Simulation Techniques in Financial Risk Management, Second Edition is an invaluable resource for risk managers in the financial and actuarial industries as well as a useful reference for readers interested in learning how to better gauge risk and make more informed decisions. The book is also ideal

The International Civil Aviation Organization's (ICAO) decision to require aviation organizations to adopt Safety Management Systems poses a major problem especially for small and medium sized aviation companies. The complexity of regulations overstrains the aviation stakeholders who seek to fully advantage from them but have no clear guidance. The aim of the book is to show the implementation of such a new system with pragmatic effort in order to gain a gradation for smaller operators. This approach should illustrate the leeway in order to adapt the processes and to show the interfaces between Corporate Risk Management and Safety Management. The book shows how to build a system with reasonable effort, appropriate to the size and complexity of the specific operator. It also gives inputs on the key aspects and how to effectively operate such a system with the various interfaces. Furthermore, the book highlights the importance of Corporate Risk Management independent of Safety Management Systems based on ICAO.

International audience ; Knowledge Management methods, techniques and experience can bring a considerable help in preventing all kind of risks. The current economic context amplified the existing risks and introduced new ones such as environmental, political and social. Among the most critical risks of this century is this of lost of knowledge and "memory" in particular in industry involved in long-term activities. After listing the principal risks and recalling of main approaches and techniques of Knowledge Management and its application for risk management an example of nuclear industry is given. Discussion follows in final conclusion and some perspectives are presented.

International audience ; Knowledge Management methods, techniques and experience can bring a considerable help in preventing all kind of risks. The current economic context amplified the existing risks and introduced new ones such as environmental, political and social. Among the most critical risks of this century is this of lost of knowledge and "memory" in particular in industry involved in long-term activities. After listing the principal risks and recalling of main approaches and techniques of Knowledge Management and its application for risk management an example of nuclear industry is given. Discussion follows in final conclusion and some perspectives are presented.

International audience ; Knowledge Management methods, techniques and experience can bring a considerable help in preventing all kind of risks. The current economic context amplified the existing risks and introduced new ones such as environmental, political and social. Among the most critical risks of this century is this of lost of knowledge and "memory" in particular in industry involved in long-term activities. After listing the principal risks and recalling of main approaches and techniques of Knowledge Management and its application for risk management an example of nuclear industry is given. Discussion follows in final conclusion and some perspectives are presented.

Cover; Half Title; Title Page; Copyright Page; Table of Contents; List of Figures; List of Tables; Symbols; Preface; 1: Introduction; 1.1 Examples of risk models for disease incidence; 1.1.1 Breast cancer incidence; 1.1.1.1 A brief survey of models; 1.1.1.2 The National Cancer Institute's (NCI's) Breast Cancer Risk Assessment Tool, BCRAT; 1.1.2 Other models of cancer incidence; 1.1.3 Framingham Model for incidence of coronary heart disease; 1.2 Applications of risk models for disease incidence; 1.3 Prognosis after disease diagnosis; 1.4 Contents of book.

Presents a system for crowd management which integrates security with the other concerns for the health and safety for crowds, looking at the theories and practices of the management processes, plans, monitoring and evaluation of crowds. Structured into four sections written by experts with global experience in their field of excellence

This product is not available separately, it is only sold as part of a set. There are 750 products in the set and these are all sold as one entity, Risk assessment is considered by many analysts to be an objective scientific tool. It is considered to be variously influenced by broader issues which in turn have important practical implications both for risk assessors and decision makers. Risk Assessment and Risk Management examines a range of practical applications of risk assessment methods and risk management procedures in the broad context of environmental science and technology. Written by acknowledged experts in the field, the articles cover a variety of areas, with reference to subjects as diverse as BSE, the use of risk assessment in government, using computer modelling as an aid to risk assessment in the case of accidental contamination of rivers and estuaries, quantitative cancer risk assessment related to carcinogens in the environment, landfilling of household wastes, environmental risk assessment and management of chemicals, and aquatic risk assessment and management of pesticides. This book provides a detailed and wide-ranging review of the many aspects of risk assessment and risk management which have excited so much debate and controversy in recent times. It will be essential reading for all those involved in the assessment and management of risk, particularly in the context of environmental science