Fundamental Aspects of Operational Risk and Insurance Analytics

Author: Marcelo G. Cruz
Publisher: John Wiley & Sons
ISBN: 1118573021
Format: PDF, ePub, Docs
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A one-stop guide for the theories, applications, andstatistical methodologies essential to operational risk Providing a complete overview of operational risk modeling andrelevant insurance analytics, Fundamental Aspects of OperationalRisk and Insurance Analytics: A Handbook of Operational Riskoffers a systematic approach that covers the wide range of topicsin this area. Written by a team of leading experts in the field,the handbook presents detailed coverage of the theories,applications, and models inherent in any discussion of thefundamentals of operational risk, with a primary focus on BaselII/III regulation, modeling dependence, estimation of risk models,and modeling the data elements. Fundamental Aspects of Operational Risk and Insurance Analytics:A Handbook of Operational Risk begins with coverage on the fourdata elements used in operational risk framework as well asprocessing risk taxonomy. The book then goes further in-depth intothe key topics in operational risk measurement and insurance, forexample diverse methods to estimate frequency and severity models.Finally, the book ends with sections on specific topics, such asscenario analysis; multifactor modeling; and dependence modeling. Aunique companion with Advances in Heavy Tailed Risk Modeling: AHandbook of Operational Risk, the handbook also features: Discussions on internal loss data and key risk indicators,which are both fundamental for developing a risk-sensitiveframework Guidelines for how operational risk can be inserted into afirm’s strategic decisions A model for stress tests of operational risk under the UnitedStates Comprehensive Capital Analysis and Review (CCAR)program A valuable reference for financial engineers, quantitativeanalysts, risk managers, and large-scale consultancy groupsadvising banks on their internal systems, the handbook is alsouseful for academics teaching postgraduate courses on themethodology of operational risk.

Extreme Events in Finance

Author: Francois Longin
Publisher: John Wiley & Sons
ISBN: 1118650336
Format: PDF
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A guide to the growing importance of extreme value risk theory, methods, and applications in the financial sector Presenting a uniquely accessible guide, Extreme Events in Finance: A Handbook of Extreme Value Theory and Its Applications features a combination of the theory, methods, and applications of extreme value theory (EVT) in finance and a practical understanding of market behavior including both ordinary and extraordinary conditions. Beginning with a fascinating history of EVTs and financial modeling, the handbook introduces the historical implications that resulted in the applications and then clearly examines the fundamental results of EVT in finance. After dealing with these theoretical results, the handbook focuses on the EVT methods critical for data analysis. Finally, the handbook features the practical applications and techniques and how these can be implemented in financial markets. Extreme Events in Finance: A Handbook of Extreme Value Theory and Its Applications includes: Over 40 contributions from international experts in the areas of finance, statistics, economics, business, insurance, and risk management Topical discussions on univariate and multivariate case extremes as well as regulation in financial markets Extensive references in order to provide readers with resources for further study Discussions on using R packages to compute the value of risk and related quantities The book is a valuable reference for practitioners in financial markets such as financial institutions, investment funds, and corporate treasuries, financial engineers, quantitative analysts, regulators, risk managers, large-scale consultancy groups, and insurers. Extreme Events in Finance: A Handbook of Extreme Value Theory and Its Applications is also a useful textbook for postgraduate courses on the methodology of EVTs in finance.

Fundamental Aspects of Operational Risk and Insurance Analytics and Advances in Heavy Tailed Risk Modeling Handbooks of Operational Risk Set

Author: Marcelo G. Cruz
Publisher: Wiley
ISBN: 9781118909577
Format: PDF
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Two cutting-edge guides for the theories, applications, and statistical methodologies essential to operational risk and heavy tailed risk modeling Focusing on the quantitative aspects of heavy tailed loss processes in operational risk and relevant insurance analytics, Advances in Heavy Tailed Risk Modeling: A Handbook of Operational Risk presents comprehensive coverage of the latest research on the theories and applications in risk measurement and modeling techniques. Featuring a unique balance of mathematical and statistical perspectives, the handbook begins by introducing the motivation for heavy tailed risk processes in high consequence low frequency loss modeling. With a companion, Fundamental Aspects of Operational Risk and Insurance Analytics: A Handbook of Operational Risk, the book provides a complete framework for all aspects of operational risk management. Fundamental Aspects of Operational Risk and Insurance Analytics covers the theories, applications, and models inherent in any discussion of the fundamentals of operational risk, with a primary focus on Basel II/III regulation, modeling dependence, estimation of risk models, and modeling the data elements.

Handbook of High Frequency Trading and Modeling in Finance

Author: Maria C. Mariani
Publisher: John Wiley & Sons
ISBN: 1118443985
Format: PDF, Kindle
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Reflecting the fast pace and ever-evolving nature of the financial industry, the Handbook of High-Frequency Trading and Modeling in Finance details how high-frequency analysis presents new systematic approaches to implementing quantitative activities with high-frequency financial data. Introducing new and established mathematical foundations necessary to analyze realistic market models and scenarios, the handbook begins with a presentation of the dynamics and complexity of futures and derivatives markets as well as a portfolio optimization problem using quantum computers. Subsequently, the handbook addresses estimating complex model parameters using high-frequency data. Finally, the handbook focuses on the links between models used in financial markets and models used in other research areas such as geophysics, fossil records, and earthquake studies. The Handbook of High-Frequency Trading and Modeling in Finance also features: • Contributions by well-known experts within the academic, industrial, and regulatory fields • A well-structured outline on the various data analysis methodologies used to identify new trading opportunities • Newly emerging quantitative tools that address growing concerns relating to high-frequency data such as stochastic volatility and volatility tracking; stochastic jump processes for limit-order books and broader market indicators; and options markets • Practical applications using real-world data to help readers better understand the presented material The Handbook of High-Frequency Trading and Modeling in Finance is an excellent reference for professionals in the fields of business, applied statistics, econometrics, and financial engineering. The handbook is also a good supplement for graduate and MBA-level courses on quantitative finance, volatility, and financial econometrics. Ionut Florescu, PhD, is Research Associate Professor in Financial Engineering and Director of the Hanlon Financial Systems Laboratory at Stevens Institute of Technology. His research interests include stochastic volatility, stochastic partial differential equations, Monte Carlo Methods, and numerical methods for stochastic processes. Dr. Florescu is the author of Probability and Stochastic Processes, the coauthor of Handbook of Probability, and the coeditor of Handbook of Modeling High-Frequency Data in Finance, all published by Wiley. Maria C. Mariani, PhD, is Shigeko K. Chan Distinguished Professor in Mathematical Sciences and Chair of the Department of Mathematical Sciences at The University of Texas at El Paso. Her research interests include mathematical finance, applied mathematics, geophysics, nonlinear and stochastic partial differential equations and numerical methods. Dr. Mariani is the coeditor of Handbook of Modeling High-Frequency Data in Finance, also published by Wiley. H. Eugene Stanley, PhD, is William Fairfield Warren Distinguished Professor at Boston University. Stanley is one of the key founders of the new interdisciplinary field of econophysics, and has an ISI Hirsch index H=128 based on more than 1200 papers. In 2004 he was elected to the National Academy of Sciences. Frederi G. Viens, PhD, is Professor of Statistics and Mathematics and Director of the Computational Finance Program at Purdue University. He holds more than two dozen local, regional, and national awards and he travels extensively on a world-wide basis to deliver lectures on his research interests, which range from quantitative finance to climate science and agricultural economics. A Fellow of the Institute of Mathematics Statistics, Dr. Viens is the coeditor of Handbook of Modeling High-Frequency Data in Finance, also published by Wiley.

Advances in Heavy Tailed Risk Modeling

Author: Gareth W. Peters
Publisher: John Wiley & Sons
ISBN: 1118909542
Format: PDF
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A cutting-edge guide for the theories, applications, and statistical methodologies essential to heavy tailed risk modeling Focusing on the quantitative aspects of heavy tailed loss processes in operational risk and relevant insurance analytics, Advances in Heavy Tailed Risk Modeling: A Handbook of Operational Risk presents comprehensive coverage of the latest research on the theories and applications in risk measurement and modeling techniques. Featuring a unique balance of mathematical and statistical perspectives, the handbook begins by introducing the motivation for heavy tailed risk processes in high consequence low frequency loss modeling. With a companion, Fundamental Aspects of Operational Risk and Insurance Analytics: A Handbook of Operational Risk, the book provides a complete framework for all aspects of operational risk management and includes: Clear coverage on advanced topics such as splice loss models, extreme value theory, heavy tailed closed form loss distributional approach models, flexible heavy tailed risk models, risk measures, and higher order asymptotic approximations of risk measures for capital estimation An exploration of the characterization and estimation of risk and insurance modelling, which includes sub-exponential models, alpha-stable models, and tempered alpha stable models An extended discussion of the core concepts of risk measurement and capital estimation as well as the details on numerical approaches to evaluation of heavy tailed loss process model capital estimates Numerous detailed examples of real-world methods and practices of operational risk modeling used by both financial and non-financial institutions Advances in Heavy Tailed Risk Modeling: A Handbook of Operational Risk is an excellent reference for risk management practitioners, quantitative analysts, financial engineers, and risk managers. The book is also a useful handbook for graduate-level courses on heavy tailed processes, advanced risk management, and actuarial science.

Fertigungsmesstechnik

Author: Tilo Pfeifer
Publisher: Oldenbourg Verlag
ISBN: 3486711350
Format: PDF, ePub, Mobi
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Das Werk stellt die Systematik der Fertigungsmesstechnik ausgehend von der Prüfplanung über die Prüfdatenerfassung bis hin zur Prüfdatenauswertung vor. Dem Leser wird damit einerseits das Basiswissen zum Verständnis der vorgestellten Verfahren und zu deren praktischem Einsatz vermittelt. Andererseits wird auch die grundsätzliche Bedeutung der Fertigungsmesstechnik für die Qualitätssicherung in produzierenden Unternehmen erläutert. Für die 3. Auflage wurden ein Abschnitt zu miniaturisierten optischen Messsystemen und ein Kapitel zu röntgentomografischen Messverfahren aufgenommen.

Die Grunds tze wissenschaftlicher Betriebsf hrung

Author: Frederick Winslow Taylor
Publisher: BoD – Books on Demand
ISBN: 3861957132
Format: PDF, Docs
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Fredericks W. Taylors Werk "Die Grunds tze wissenschaftlicher Betriebsf hrung" ist einer der wichtigsten betriebswirtschaftlichen Klassiker. Das Buch von Taylor (1856-1915) begr ndet den Taylorismus, der den richtigen Bewegungsablauf aus umfangreichen Zeit- und Arbeitsstudien ermittelte. Taylor untersuchte als Inginieur verschiedene Unternehmen und bewirkte in diesen Branchen deutliche Verbesserungen.

Die Psychologie der Entscheidung

Author: Hans-Rüdiger Pfister
Publisher: Springer-Verlag
ISBN: 3662530384
Format: PDF, ePub
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Dieses Lehrbuch beschreibt, wie sich Menschen entscheiden, und erklärt, warum Menschen manchmal zu Beurteilungen und Entscheidungen kommen, die aus der Perspektive rationaler Entscheidungen nicht optimal sind. Das allgemein verständlich geschriebene Werk richtet sich an Studierende, an Wissenschaftler und an alle Leser, die an den psychologischen Prozessen interessiert sind, die unsere Urteile und Entscheidungen beeinflussen. Leser lernen hier die wichtigsten psychologischen Theorien und Forschungsergebnisse der Entscheidungspsychologie kennen: Wie entstehen Präferenzen, wie gehen Menschen mit Zielkonflikten und mit Unsicherheit um, und welche Rolle spielen Emotion und Intuition beim Entscheiden. Auch erfahren Sie über Entscheidungen in interessanten Anwendungsfeldern: Entscheidungen an der Börse, im Cockpit und im Gesundheitswesen. In dieser 4. Auflage wurden alle Kapitel komplett überarbeitet und auf den neuesten Stand gebracht. Zwei zusätzliche Kapitel erweitern das Themenspektrum, zum einen geht es um die Rolle von Emotionen bei Entscheidungen, zum anderen um die Integration von Entscheidungsprozessen in übergreifende kognitive Theorien. Die Entscheidungspsychologie ist Prüfungsstoff im Fach Allgemeine Psychologie, in der Sozialpsychologie und in der Arbeits- und Organisationspsychologie. Sie spielt eine wesentliche Rolle in den Wirtschaftswissenschaften (Behavioral Economics) und in anderen Sozialwissenschaften wie der Soziologie und den politischen Wissenschaften. In Bereichen wie der Medizin und dem Gesundheitswesen oder bei der Analyse technischer und gesellschaftlicher Risiken finden entscheidungspsychologische Faktoren zunehmend Beachtung.

Fair Trade

Author: Joseph E. Stiglitz
Publisher: Murmann Verlag DE
ISBN: 9783938017630
Format: PDF, Mobi
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