credit allocation through the usage of portfolio optimization mainly seeks tomaximize return and minimize the risk of the portfolio; but there are other importantissues including sustainable development which is important for government/publicsectors. this paper presents a novel credit allocation approach based on portfoliooptimization and investigates the effects of selected indicators of sust...

Portfolio selection is concerned with optimization of capital allocation to a large number of securities. In portfolio selection, risk analysis is one of the most important topics and research on quantitative definition of risk remains core of the topic. This paper proposes a novel risk definition for portfolio selection with uncertain returns. A risk curve is introduced and a new safe criterio...

We consider risk measures, risk aggregation and capital allocation in these lecture notes and build on our earlier introduction to Value-at-Risk (VaR) and Expected Shortfall (ES). We will follow Chapter 8 of the 2 edition of Quantitative Risk Management by MFE quite closely. This chapter, however, contains considerably more material than we will cover and it should be consulted if further detai...

safety distance has already been a main measurement for the hazard control of chemical installations interpreted to mean providing space between the hazardous installation and different types of targets. but, the problem is how to determine the enough space. this study considers the application of quantitative risk assessment to evaluating a compressed natural gas station site and to identify n...

selecting an effective project plan is a significant area in the project management. the present paper introduces a technique to identify the project plan efficient frontier for assessing the alternative project plans and selecting the best plan. the efficient frontier includes two criteria: the project cost and the project time. besides, the paper presents a scheme to incorporate directed acyc...

Credit allocation through the usage of Portfolio optimization mainly seeks tomaximize return and minimize the risk of the portfolio; but there are other importantissues including sustainable development which is important for government/publicsectors. This paper presents a novel credit allocation approach based on portfoliooptimization and investigates the effects of selected indicators of sust...

BACKGROUND Cardiovascular risk management guidelines are 'risk based'; health economists' practice is 'time based'. The 'medical' risk-based allocation model maximises numbers of deaths prevented by targeting subjects at high risk, for example, elderly and smokers. The time-based model maximises numbers of life years gained by treating the young and non-smokers, or 'the one who has will be give...

In this paper, we study the auction model for resource management using the SimGrid simulation framework. We investigate three types of auction allocation protocols: (i) First-Price Auction, (ii) Vickrey Auction and (iii) Double Auction. The goal is to find which one is best suitable for the grid environment from users’ perspective as well as from resources’ perspective. The results showed that...

Background: The release of lead dust during the processing of lead-gold ore has become an environmental threat. Therefore the protection of miners’ health and their environment required remediation which can be achieved by ranking the risk posed by lead in order to prioritize the allocation of resources during remediation. Methods: Soil and water samples were collected at BRC, BRG, BVC, ...