Probability Distributions In Risk Management Operations PDF Download
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| Author | : Constantinos Artikis |
| Publisher | : Springer |
| Total Pages | : 329 |
| Release | : 2015-02-02 |
| Genre | : Technology & Engineering |
| ISBN | : 3319142569 |
Download Probability Distributions in Risk Management Operations Book in PDF, ePub and Kindle
This book is about the formulations, theoretical investigations, and practical applications of new stochastic models for fundamental concepts and operations of the discipline of risk management. It also examines how these models can be useful in the descriptions, measurements, evaluations, and treatments of risks threatening various modern organizations. Moreover, the book makes clear that such stochastic models constitute very strong analytical tools which substantially facilitate strategic thinking and strategic decision making in many significant areas of risk management. In particular the incorporation of fundamental probabilistic concepts such as the sum, minimum, and maximum of a random number of continuous, positive, independent, and identically distributed random variables in the mathematical structure of stochastic models significantly supports the suitability of these models in the developments, investigations, selections, and implementations of proactive and reactive risk management operations. The book makes extensive use of integral and differential equations of characteristic functions, mainly corresponding to important classes of mixtures of probability distributions, as powerful analytical tools for investigating the behavior of new stochastic models suitable for the descriptions and implementations of fundamental risk control and risk financing operations. These risk treatment operations very often arise in a wide variety of scientific disciplines of extreme practical importance.
| Author | : Matthew J. Hassett |
| Publisher | : ACTEX Publications |
| Total Pages | : 448 |
| Release | : 2006 |
| Genre | : Business & Economics |
| ISBN | : 156698548X |
Download Probability for Risk Management Book in PDF, ePub and Kindle
| Author | : Mohammad Modarres |
| Publisher | : CRC Press |
| Total Pages | : 408 |
| Release | : 2016-04-27 |
| Genre | : Mathematics |
| ISBN | : 1420003496 |
Download Risk Analysis in Engineering Book in PDF, ePub and Kindle
Based on the author's 20 years of teaching, Risk Analysis in Engineering: Techniques, Tools, and Trends presents an engineering approach to probabilistic risk analysis (PRA). It emphasizes methods for comprehensive PRA studies, including techniques for risk management. The author assumes little or no prior knowledge of risk analysis on the p
| Author | : Tim Bedford |
| Publisher | : Cambridge University Press |
| Total Pages | : 228 |
| Release | : 2001-04-30 |
| Genre | : Mathematics |
| ISBN | : 9780521773201 |
Download Probabilistic Risk Analysis Book in PDF, ePub and Kindle
A graduate level textbook on probabilistic risk analysis, aimed at statisticians, operations researchers and engineers.
| Author | : Terje Aven |
| Publisher | : John Wiley & Sons |
| Total Pages | : 245 |
| Release | : 2012-04-09 |
| Genre | : Mathematics |
| ISBN | : 1119966973 |
Download Foundations of Risk Analysis Book in PDF, ePub and Kindle
Foundations of Risk Analysis presents the issues core to risk analysis – understanding what risk means, expressing risk, building risk models, addressing uncertainty, and applying probability models to real problems. The author provides the readers with the knowledge and basic thinking they require to successfully manage risk and uncertainty to support decision making. This updated edition reflects recent developments on risk and uncertainty concepts, representations and treatment. New material in Foundations of Risk Analysis includes: An up to date presentation of how to understand, define and describe risk based on research carried out in recent years. A new definition of the concept of vulnerability consistent with the understanding of risk. Reflections on the need for seeing beyond probabilities to measure/describe uncertainties. A presentation and discussion of a method for assessing the importance of assumptions (uncertainty factors) in the background knowledge that the subjective probabilities are based on A brief introduction to approaches that produce interval (imprecise) probabilities instead of exact probabilities. In addition the new version provides a number of other improvements, for example, concerning the use of cost-benefit analyses and the As Low As Reasonably Practicable (ALARP) principle. Foundations of Risk Analysis provides a framework for understanding, conducting and using risk analysis suitable for advanced undergraduates, graduates, analysts and researchers from statistics, engineering, finance, medicine and the physical sciences, as well as for managers facing decision making problems involving risk and uncertainty.
| Author | : Catalina Bolance |
| Publisher | : CRC Press |
| Total Pages | : 236 |
| Release | : 2012-02-15 |
| Genre | : Business & Economics |
| ISBN | : 1439895937 |
Download Quantitative Operational Risk Models Book in PDF, ePub and Kindle
Using real-life examples from the banking and insurance industries, Quantitative Operational Risk Models details how internal data can be improved based on external information of various kinds. Using a simple and intuitive methodology based on classical transformation methods, the book includes real-life examples of the combination of internal dat
| Author | : Evgueni D. Solojentsev |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 462 |
| Release | : 2008-12-10 |
| Genre | : Business & Economics |
| ISBN | : 0387779469 |
Download Scenario Logic and Probabilistic Management of Risk in Business and Engineering Book in PDF, ePub and Kindle
This book proposes a uniform logic and probabilistic (LP) approach to risk estimation and analysis in engineering and economics. It covers the methodological and theoretical basis of risk management at the design, test, and operation stages of economic, banking, and engineering systems with groups of incompatible events (GIE). This edition includes new chapters providing a detailed treatment of scenario logic and probabilistic models for revealing bribes. It also contains clear definitions and notations, revised sections and chapters, an extended list of references, and a new subject index, as well as more than a hundred illustrations and tables which motivate the presentation.
| Author | : Nigel Da Costa Lewis |
| Publisher | : John Wiley & Sons |
| Total Pages | : 296 |
| Release | : 2004-04-09 |
| Genre | : Business & Economics |
| ISBN | : 9780471478874 |
Download Operational Risk with Excel and VBA Book in PDF, ePub and Kindle
A valuable reference for understanding operational risk Operational Risk with Excel and VBA is a practical guide that only discusses statistical methods that have been shown to work in an operational risk management context. It brings together a wide variety of statistical methods and models that have proven their worth, and contains a concise treatment of the topic. This book provides readers with clear explanations, relevant information, and comprehensive examples of statistical methods for operational risk management in the real world. Nigel Da Costa Lewis (Stamford, CT) is president and CEO of StatMetrics, a quantitative research boutique. He received his PhD from Cambridge University.
| Author | : Daniel Covington |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2023-02-04 |
| Genre | : Business & Economics |
| ISBN | : |
Download Probability Book in PDF, ePub and Kindle
Are you someone who struggles or used to struggle with Mathematics at school? Causing you to be totally averse to the subject? If you are, do you realize that certain aspects of Mathematics can be very useful for you to know in the real world? Whether you are a retail employee or a budding entrepreneur, or really just someone looking to contribute to your place of work, you will surely encounter problems that require planning and analysis to address them. What you may not know is that, most of the time statistics, specifically probability and its concepts, will often give you an edge in identifying solutions and strategies to help you move forward with a great plan. And you're in luck because in this book you will get to know what probability is and more importantly, how it can help you solve the problems you encounter in your business work and day-to-day life. Specifically this book will help you: How to summarize data Measure variability Learn the core concepts of probability Gain knowledge of probability distributions and their functions Realize the importance of probability rules in business Become adept at using probabilities in life and at work Identify the types of risk your business can face How to effectively manage risk using probability Understand how to use probability and statistics in business How to optimize your business and improve brand loyalty Learn how to improve your customer experience and predict customer behavior Understand the components of the business intelligence infrastructure Give your business an edge by learning more about probability and how it can help you.
| Author | : Harry H. Panjer |
| Publisher | : John Wiley & Sons |
| Total Pages | : 460 |
| Release | : 2006-10-13 |
| Genre | : Business & Economics |
| ISBN | : 0470051302 |
Download Operational Risk Book in PDF, ePub and Kindle
Discover how to optimize business strategies from both qualitative and quantitative points of view Operational Risk: Modeling Analytics is organized around the principle that the analysis of operational risk consists, in part, of the collection of data and the building of mathematical models to describe risk. This book is designed to provide risk analysts with a framework of the mathematical models and methods used in the measurement and modeling of operational risk in both the banking and insurance sectors. Beginning with a foundation for operational risk modeling and a focus on the modeling process, the book flows logically to discussion of probabilistic tools for operational risk modeling and statistical methods for calibrating models of operational risk. Exercises are included in chapters involving numerical computations for students' practice and reinforcement of concepts. Written by Harry Panjer, one of the foremost authorities in the world on risk modeling and its effects in business management, this is the first comprehensive book dedicated to the quantitative assessment of operational risk using the tools of probability, statistics, and actuarial science. In addition to providing great detail of the many probabilistic and statistical methods used in operational risk, this book features: * Ample exercises to further elucidate the concepts in the text * Definitive coverage of distribution functions and related concepts * Models for the size of losses * Models for frequency of loss * Aggregate loss modeling * Extreme value modeling * Dependency modeling using copulas * Statistical methods in model selection and calibration Assuming no previous expertise in either operational risk terminology or in mathematical statistics, the text is designed for beginning graduate-level courses on risk and operational management or enterprise risk management. This book is also useful as a reference for practitioners in both enterprise risk management and risk and operational management.
