منابع مشابه
Active Management of the Maximum Drawdown
Risk management of drawdowns and portfolio optimization with drawdown constraints is becoming increasingly important among practitioners. In this paper, we introduce new techniques how to control the maximum drawdown (MDD). One can view the maximum drawdown as a contingent claim, and price and hedge it accordingly as a derivative contract. Trading drawdown contracts or replicating them by hedgi...
متن کاملRole of Resilience in Sustainable Urban Stormwater Management
Typically, best management practices (BMPs) are implemented to help sustainable stormwater management in urban areas. Over recent decades the selection of urban stormwater management measures for a site has been a challenge among urban planners where thecriterion based on flood volume no longer suffices for selecting urban drainage solutions. Therefore there is a need to consider a set of holis...
متن کاملOperationalizing Scale in Watershed-based Stormwater Management
Watershed-based stormwater management (WSM) has been proposed as more effective for stormwater management than traditional methods of controlling stormwater, which are carried out based on jurisdictional lines at the parcel-scale. Because WSM considers the watershed as a total unit, this method is considered to be more effective in reducing problems associated with stormwater management includi...
متن کاملUrban Stormwater Management: Challenges and Potential Solutions
Management of stormwater brings considerable economic, social and environmental benefits to the community in various ways. Controlling stormwater quantity is primarily important to prevent urban flooding and water stagnation. Also improving stormwater quality is timely important issue for sustainable management of urban stormwater. Urban development accompanied by increasing in impervious surfa...
متن کاملDrawdown Minimization
One measure of riskiness of an investment is “drawdown”, defined, most often in the asset management space, as the decline in net asset value from a historic high point. Mathematically, if the net asset value is denoted by Vt , t ≥ 0, then the current “peak-to-trough” drawdown is given by Dt = Vt − max0≤u≤t Vu. The maximum drawdown, max0≤u≤t Du, is a statistic that the CFTC forces managed futur...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Undergraduate Journal of Mathematical Modeling: One + Two
سال: 2013
ISSN: 2326-3652
DOI: 10.5038/2326-3652.3.1.27