Probability for Risk Management
| Author | : Matthew J. Hassett |
| Publisher | : ACTEX Publications |
| Total Pages | : 448 |
| Release | : 2006 |
| Genre | : Business & Economics |
| ISBN | : 156698548X |
Probability For Risk Management
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Probability and Risk Analysis
| Author | : Igor Rychlik |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 287 |
| Release | : 2006-10-07 |
| Genre | : Mathematics |
| ISBN | : 3540395210 |
This text presents notions and ideas at the foundations of a statistical treatment of risks. The focus is on statistical applications within the field of engineering risk and safety analysis. Coverage includes Bayesian methods. Such knowledge facilitates the understanding of the influence of random phenomena and gives a deeper understanding of the role of probability in risk analysis. The text is written for students who have studied elementary undergraduate courses in engineering mathematics, perhaps including a minor course in statistics. This book differs from typical textbooks in its verbal approach to many explanations and examples.
Risk and Insurance
| Author | : Søren Asmussen |
| Publisher | : Springer Nature |
| Total Pages | : 505 |
| Release | : 2020-04-17 |
| Genre | : Mathematics |
| ISBN | : 3030351769 |
This textbook provides a broad overview of the present state of insurance mathematics and some related topics in risk management, financial mathematics and probability. Both non-life and life aspects are covered. The emphasis is on probability and modeling rather than statistics and practical implementation. Aimed at the graduate level, pointing in part to current research topics, it can potentially replace other textbooks on basic non-life insurance mathematics and advanced risk management methods in non-life insurance. Based on chapters selected according to the particular topics in mind, the book may serve as a source for introductory courses to insurance mathematics for non-specialists, advanced courses for actuarial students, or courses on probabilistic aspects of risk. It will also be useful for practitioners and students/researchers in related areas such as finance and statistics who wish to get an overview of the general area of mathematical modeling and analysis in insurance.
Probability
| Author | : Daniel Covington |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2020-09-19 |
| Genre | : |
| ISBN | : 9781716570568 |
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 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. Give your business an edge by learning more about probability and how it can help you.
A Probability Metrics Approach to Financial Risk Measures
| Author | : Svetlozar T. Rachev |
| Publisher | : John Wiley & Sons |
| Total Pages | : 264 |
| Release | : 2011-03-10 |
| Genre | : Business & Economics |
| ISBN | : 1444392700 |
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 measures Describes applications in finance and extends them where possible Presents the theory of probability metrics in a more accessible form which would be appropriate for non-specialists in the field Applications include optimal portfolio choice, risk theory, and numerical methods in finance Topics requiring more mathematical rigor and detail are included in technical appendices to chapters
Environmental Risk Analysis
| Author | : Louis Theodore |
| Publisher | : CRC Press |
| Total Pages | : 390 |
| Release | : 2015-09-25 |
| Genre | : Mathematics |
| ISBN | : 1498714404 |
A Training Tool for the Environmental Risk ProfessionalEnvironmental Risk Analysis: Probability Distribution Calculations defines the role that probability distributions play in risk analysis, and gives direction on how to measure and compare the magnitude of risk more efficiently. Designed for the practicing environmental engineer and scientist, t
Probabilistic Risk Analysis
| Author | : Tim Bedford |
| Publisher | : Cambridge University Press |
| Total Pages | : 228 |
| Release | : 2001-04-30 |
| Genre | : Mathematics |
| ISBN | : 9780521773201 |
Probabilistic risk analysis aims to quantify the risk caused by high technology installations. Increasingly, such analyses are being applied to a wider class of systems in which problems such as lack of data, complexity of the systems, uncertainty about consequences, make a classical statistical analysis difficult or impossible. The authors discuss the fundamental notion of uncertainty, its relationship with probability, and the limits to the quantification of uncertainty. Drawing on extensive experience in the theory and applications of risk analysis, the authors focus on the conceptual and mathematical foundations underlying the quantification, interpretation and management of risk. They cover standard topics as well as important new subjects such as the use of expert judgement and uncertainty propagation. The relationship of risk analysis with decision making is highlighted in chapters on influence diagrams and decision theory. Finally, the difficulties of choosing metrics to quantify risk, and current regulatory frameworks are discussed.
Mathematical Methods for Finance
| Author | : Sergio M. Focardi |
| Publisher | : John Wiley & Sons |
| Total Pages | : 325 |
| Release | : 2013-09-23 |
| Genre | : Business & Economics |
| ISBN | : 1118312635 |
The mathematical and statistical tools needed in the rapidly growing quantitative finance field With the rapid growth in quantitative finance, practitioners must achieve a high level of proficiency in math and statistics. Mathematical Methods and Statistical Tools for Finance, part of the Frank J. Fabozzi Series, has been created with this in mind. Designed to provide the tools needed to apply finance theory to real world financial markets, this book offers a wealth of insights and guidance in practical applications. It contains applications that are broader in scope from what is covered in a typical book on mathematical techniques. Most books focus almost exclusively on derivatives pricing, the applications in this book cover not only derivatives and asset pricing but also risk management—including credit risk management—and portfolio management. Includes an overview of the essential math and statistical skills required to succeed in quantitative finance Offers the basic mathematical concepts that apply to the field of quantitative finance, from sets and distances to functions and variables The book also includes information on calculus, matrix algebra, differential equations, stochastic integrals, and much more Written by Sergio Focardi, one of the world's leading authors in high-level finance Drawing on the author's perspectives as a practitioner and academic, each chapter of this book offers a solid foundation in the mathematical tools and techniques need to succeed in today's dynamic world of finance.
Project and Program Risk Management
| Author | : R. Max Wideman |
| Publisher | : |
| Total Pages | : 120 |
| Release | : 1992 |
| Genre | : Business & Economics |
| ISBN | : |
Integration, general approach and definitions - Risk identification - Risk assessment goals and methodology - Computer applications - Risk response and documentation - Management of contingency allowances - Managing the risks of the project's environment - Dealing with risks in contracts.
Foundations of Risk Analysis
| Author | : Terje Aven |
| Publisher | : John Wiley & Sons |
| Total Pages | : 208 |
| Release | : 2004-01-09 |
| Genre | : Mathematics |
| ISBN | : 0470871237 |
Everyday we face decisions that carry an element of risk and uncertainty. The ability to analyse, communicate and control the level of risk entailed by these decisions remains one of the most pressing challenges to the analyst, scientist and manager. This book presents the foundational issues in risk analysis ? expressing risk, understanding what risk means, building risk models, addressing uncertainty, and applying probability models to real problems. The principal aim of the book is to give the reader the knowledge and basic thinking they require to approach risk and uncertainty to support decision making. Presents a statistical framework for dealing with risk and uncertainty. Includes detailed coverage of building and applying risk models and methods. Offers new perspectives on risk, risk assessment and the use of parametric probability models. Highlights a number of applications from business and industry. Adopts a conceptual approach based on elementary probability calculus and statistical theory. 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.
