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A Probability Metrics Approach to Financial Risk Measures
Rachev S.T., Stoyanov S.V., Fabozzi F.J.
Wiley - 2011, 387 pages
A Probability Metrics Approach to Financial Risk Measures relates the field of probability metrics and risk measures to one another and applies them to finance for the first time.Helps to answer the question: which risk measure is best for a given problem?Finds new relations between existing classes of risk measuresDescribes applications in finance and extends them where possiblePresents the theory of probability metrics in a more accessible form which would be appropriate for non-specialists in the fieldApplications include optimal portfolio choice, risk theory, and numerical methods in financeTopics requiring more mathematical rigor and detail are included in technical appendices to chapters.

pdf, 3,42мБ

Managing Supply Chain Risk and Vulnerability: Tools and Methods for Supply Chain Decision Makers
Wu T., Blackhurst J. (Eds.)
Springer - 2009, 235 pages
Effective supply chain management is a critical component of any company's ability to meet consumer demand. Disruptions to the supply chain disturb the normal flow of goods and materials and, as a consequence, expose firms to operational and financial risks. Managing Supply Chain Risk and Vulnerability, a book that both practitioners and students can use to better understand and manage supply chain risk, presents topics on decision making related to supply chain risk.
Because a supply chain disruption can be potentially so harmful and costly, there has been a recent surge in interest - from academics and practitioners alike - in supply chain disruptions and related issues. Leading academic researchers, as well as practitioners, have contributed chapters focusing on developing an overall understanding of risk and its relationship to supply chain performance; investigating the relationship between response time and disruption impact; assessing and prioritizing risks; and assessing supply chain resilience, as well as providing tools and methods for assisting with decision making and risk mitigation in the supply chain.
Supply chain managers will find Managing Supply Chain Risk and Vulnerability a useful tool box for methods they can employ to better mitigate and manage supply chain risk. On the academic side, the book can be used to teach senior undergraduate engineering, supply chain, and operations students focusing on current supply chain topics, as well as graduate-level engineering and MBA students. Additionally, researchers may use the text as a reference in the area of supply chain risk and vulnerability.

pdf, 3,88 мБ

Understanding and Managing Model Risk: A Practical Guide for Quants, Traders and Validators
Morini M.
Wiley - 2011, 448 pages
A guide to the validation and risk management of quantitative models used for pricing and hedging
Whereas the majority of quantitative finance books focus on mathematics and risk management books focus on regulatory aspects, this book addresses the elements missed by this literature the risks of the models themselves. This book starts from regulatory issues, but translates them into practical suggestions to reduce the likelihood of model losses, basing model risk and validation on market experience and on a wide range of real-world examples, with a high level of detail and precise operative indications.

pdf, 5мБ

Bond Portfolio Investing and Risk Management
Bhansali V.
McGraw-Hill - 2010, 352 pages
Bond Portfolio Investing and Risk Management helps you build portfolios to add value through every kind of economic cycle. Sharing his years of experience constructing robust, wellperforming portfolios that have navigated recurring crises, PIMCO portfolio manager Vineer Bhansali explores the various risk factors inherent in fixed income investments, including yield curve shifts, twists, liquidity, and evolving risk factors such as government policy. Under an option-theory based riskand- return framework, you will gain intimate knowledge of the right valuation, investment, and risk management tools and confidently put them to use in practical portfolio construction.

pdf, 4,44 мБ

Financial Enterprise Risk Management
Sweeting P.
Cambridge University Press - 2011, 564 pages
Financial Enterprise Risk Management provides all the tools needed to build and maintain a comprehensive ERM framework. As well as outlining the construction of such frameworks, it discusses the internal and external contexts within which risk management must be carried out. It also covers a range of qualitative and quantitative techniques that can be used to identify, model and measure risks, and describes a range of risk mitigation strategies. Over 100 diagrams are used to help describe the range of approaches available, and risk management issues are further highlighted by various case studies. A number of proprietary, advisory and mandatory risk management frameworks are also discussed, including Solvency II, Basel III and ISO 31000:2009. This book is an excellent resource for actuarial students studying for examinations, for risk management practitioners and for any academic looking for an up-to-date reference to current techniques.

pdf, 2,76 мБ

Управление устойчивым развитием крупных интегрированных структур. Вопросы теории и методологии Рассматриваются современные процессы укрупнения рыночных структур, подчеркнута регулятивная роль государства, обеспечивающая интересы общества при решении задачи структурной трансформации экономики. Проанализированы проблемы формирования системы управления интегрированными структурами. Рассмотрены факторы, оказывающие влияние на эффективность деятельности крупных структурных новообразований. Дана оценка научной базы управленческих решений, направленных на повышение эффективности системы взаимодействия государства и крупных корпоративных структур, обладающих значительной рыночной мощью. Раскрываются возможности и недостатки системы управления макроэкономическими процессами, а также потенциал институтов развития, обеспечивающих возможности реализации модели инициирующего управления с точки зрения формирования привлекательной институциональной среды, защищенной от внутренних и внешних угроз. С этой целью приводится анализ макроэкономических процессов формирования системы устойчивого социально-экономического развития, описываются факторы, предопределяющие возникновение кризисных явлений на макроуровне.

Handbook of Risk Theory: Epistemology, Decision Theory, Ethics, and Social Implications of Risk
Hillerbrand R. et al. (Eds.)
Springer - 2012, 1206 pages
Risk has become one of the main topics in fields as diverse as engineering, medicine and economics, and it is also studied by social scientists, psychologists and legal scholars. But the topic of risk also leads to more fundamental questions such as: What is risk? What can decision theory contribute to the analysis of risk? What does the human perception of risk mean for society? How should we judge whether a risk is morally acceptable or not? Over the last couple of decades questions like these have attracted interest from philosophers and other scholars into risk theory. This handbook provides for an overview into key topics in a major new field of research. It addresses a wide range of topics, ranging from decision theory, risk perception to ethics and social implications of risk, and it also addresses specific case studies. It aims to promote communication and information among all those who are interested in theoetical issues concerning risk and uncertainty. This handbook brings together internationally leading philosophers and scholars from other disciplines who work on risk theory. The contributions are accessibly written and highly relevant to issues that are studied by risk scholars. We hope that the Handbook of Risk Theory will be a helpful starting point for all risk scholars who are interested in broadening and deepening their current perspectives.

pdf, 10,06 мБ

Risk Management for the Future: Theory and Cases
Emblemsvag J. (Ed.)
InTeO - 2012, 510 pages
Here is a book that goes beyond risk management as it is today and tries to discuss what needs to be improved further. The book also offers some cases.
A large part of academic literature, business literature as well as practices in real life are resting on the assumption that uncertainty and risk does not exist.
We all know that this is not true, yet, a whole variety of methods, tools and practices are not attuned to the fact that the future is uncertain and that risks are all around us. However, despite risk management entering the agenda some decades ago, it has introduced risks on its own as illustrated by the financial crisis.

pdf, 25,84 мБ

Forward-Looking Decision Making: Dynamic Programming Models Applied to Health, Risk, Employment, and Financial Stability
Hall R.E.
Princeton University Press - 2010, 144 pages
Individuals and families make key decisions that impact many aspects of financial stability and determine the future of the economy. These decisions involve balancing current sacrifice against future benefits. People have to decide how much to invest in health care, exercise, their diet, and insurance. They must decide how much debt to take on, and how much to save. And they make choices about jobs that determine employment and unemployment levels. Forward-Looking Decision Making is about modeling this individual or family-based decision making using an optimizing dynamic programming model. Robert Hall first reviews ideas about dynamic programs and introduces new ideas about numerical solutions and the representation of solved models as Markov processes. He surveys recent research on the parameters of preferences-the intertemporal elasticity of substitution, the Frisch elasticity of labor supply, and the Frisch cross-elasticity. He then examines dynamic programming models applied to health spending, long-term care insurance, employment, entrepreneurial risk-taking, and consumer debt. Linking theory with data and applying them to real-world problems, Forward-Looking Decision Making uses dynamic optimization programming models to shed light on individual behaviors and their economic implications.

pdf, 523 кБ

Practical Enterprise Risk Management: A Business Process Approach
Duckert G.H.
Wiley - 2010, 289 pages
A reference point for any organization engaged in setting up an enterprise-wide risk assessment and management oversight system, Practical Enterprise Risk Management presents an alternative to more commonly seen models-without overcomplicated, convoluted presentations. Straightforward and to the point, this book offers how-to, hands-on guidance based on fact, common sense, and practical methodologies for implementation.
Discover your organization's real results and actual business processes. Get to the root cause of its key risks. Manage those risks with true understanding instead of best guesses. Practical Enterprise Risk Management shows you how, with an approach to risk management that makes sense, offering plain-English evaluations of risk analysis techniques and systems strategies for the creation of a highly effective ERM environment that yields real business value.

pdf, 2 мБ

Corporate Value of Enterprise Risk Management: The Next Step in Business Management
Segal S.
Wiley - 2011. - 427 p.
The ultimate guide to maximizing shareholder value through ERM. The first book to introduce an emerging approach synthesizing ERM and value-based management, Corporate Value of Enterprise Risk Management clarifies ERM as a strategic business management approach that enhances strategic planning and other decision-making processes.
A hot topic in the wake of a series of corporate scandals as well as the financial crisis.
Looks at ERM as a way to deliver on the promise of balancing risk and return.
A practical guide for corporate Chief Risk Officers (CROs) and other business professionals seeking to successfully implement ERM.
ERM is here to stay. Sharing his unique insights and experiences as a recognized global thought leader in this field, author Sim Segal offers world-class guidance on how your business can successfully implement ERM to protect and increase shareholder value.

pdf, 2,52 мБ