MARKOVIAN MODELLING IN BUSINESS RISK ANALYSIS

Modelling and Measuring Business Risk

As can be seen e.g. by the cutting edge section of RISK Magazine, research papers mainly focus on market risk, credit risk, and—with a little less attention—operational risk. Although these risk types are very important for financial institutions, the true landscape of risk is much more complex and far from being well explored and understood. There is a variety of “other” risks looming on the h...

Quantitative Modelling and Analysis of Business Processes

Redesign of administrative business processes is currently attracting a lot of interest. Although many software tools exist to model such processes, hardly any attention is paid to the analysis of quantitative aspects to support or optimise the (re)design. In other application areas in which distributed systems play a role, such as computers and telecommunication systems, manufacturing systems ...

Modelling Markovian Migration in Finance and Medicine

For a time-continuous finite-state Markov process, constant transition intensities simplify the calculation of migration matrices. For two applications I investigate the adequacy of the model, first, rating migrations in finance, and second, cancer survival in medicine. In finance, ratings have usually more than one transient state. In contrast, in medicine “alive” as single transient state is ...

Sequence Constraints in Business Modelling and Business Process Modelling

langauge needs analysis of undergraduate business management and economics students

the aim of conducting this study was to investigate the foreign language learning needs of undergraduate economics students and business management students in faculties of social sciences of alzahra and azad naragh university. in the study, which was designed on the basis of a qualitative-quantitative basis using interviews and questionnaires, 146 female undergraduate business management as we...