منابع مشابه
Copulas: an open field for risk management
One of the main issues of risk management is the aggregation of individual risks. A powerful concept to aggregate the risks — the copula function — has been introduced in finance by Embrechts, McNeil, and Straumann [1999,2000]. In their papers, the authors clarify the essential concepts of dependence and correlation and certainly will greatly influence the risk management industry. The goal of ...
متن کاملCopulas: an open ...eld for risk management
One of the main issues of risk management is the aggregation of individual risks. A powerful concept to aggregate the risks — the copula function — has been introduced in ...nance by Embrechts, McNeil, and Straumann [1999,2000]. In their papers, the authors clarify the essential concepts of dependence and correlation and certainly will greatly in‡uence the risk management industry. The goal of ...
متن کاملSelection of Copulas for Risk Management∗
Department of Mathematics & Statistics, University of North Carolina at Charlotte, Charlotte, NC 28223, USA, E-mails: [email protected] (Z. Cai) and [email protected] (X. Wang) The Wang Yanan Institute for Studies in Economics, Xiamen University, China Department of Economics, Yale University, New Haven, CT 06520, USA, E-mail: [email protected] Department of Economics, Vanderbilt University, Nas...
متن کاملAn Open Framework for Risk Management
Risk assessment methodologies are ready to enter their third generation. In this next generation, assessment will be based on a “whole system” understanding of the system to be assessed. To realize this vision of risk management, we have begun development of an extensible software tool kit. This tool kit breaks with the traditional approach to assessment by having the analyst spend the majority...
متن کاملAn Open Distributed Architecture for Sensor Networks for Risk Management
Sensors provide some of the basic input data for risk management of natural andman-made hazards. Here the word 'sensors' covers everything from remote sensingsatellites, providing invaluable images of large regions, through instruments installed on theEarth's surface to instruments situated in deep boreholes and on the sea floor, providinghighly-detailed point-based information from single site...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2001
ISSN: 1556-5068
DOI: 10.2139/ssrn.1032557