Springer celebrates 175 years of publishing excellence! Join us >>

Weather Derivatives

Modeling and Pricing Weather-Related Risk

Authors: Alexandridis K., Antonis, Zapranis, Achilleas D.

  • ​First book to examine the advantages and disadvantages of existing modeling and pricing methodologies associated with weather derivatives
  • Presents state-of-the-art tools and strategies for studying weather variables
  • Links weather variables to the weather market in the context of weather risk management​
see more benefits

Buy this book

eBook $149.00
price for USA (gross)
  • ISBN 978-1-4614-6071-8
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $199.00
price for USA
  • ISBN 978-1-4614-6070-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $199.00
price for USA
  • ISBN 978-1-4899-8534-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

​Weather derivatives are financial instruments that can be used by organizations or individuals as part of a risk management strategy to minimize risk associated with adverse or unexpected weather conditions. Just as traditional contingent claims, a weather derivative has an underlying measure, such as: rainfall, wind, snow or temperature.  Nearly $1 trillion of the U.S. economy is directly exposed to weather-related risk.  More precisely, almost 30% of the U.S. economy and 70% of U.S. companies are affected by weather.  The purpose of this monograph is to conduct an in-depth analysis of financial products that are traded in the weather market. Presenting a pricing and modeling approach for weather derivatives written on various underlying weather variables will help students, researchers, and industry professionals accurately price weather derivatives, and will provide strategies for effectively hedging against weather-related risk.  This book will link the mathematical aspects of the modeling procedure of weather variables to the financial markets and the pricing of weather derivatives.  Very little has been published in the area of weather risk, and this volume will appeal to graduate-level students and researchers studying financial mathematics, risk management, or energy finance, in addition to investors and professionals within the financial services industry. ​

Table of contents (10 chapters)

  • The Weather Derivatives Market

    Alexandridis, Antonis K. (et al.)

    Pages 1-20

  • Introduction to Stochastic Calculus

    Alexandridis, Antonis K. (et al.)

    Pages 21-35

  • Handling the Data

    Alexandridis, Antonis K. (et al.)

    Pages 37-54

  • Pricing Approaches of Temperature Derivatives

    Alexandridis, Antonis K. (et al.)

    Pages 55-85

  • Modeling the Daily Average Temperature

    Alexandridis, Antonis K. (et al.)

    Pages 87-164

Buy this book

eBook $149.00
price for USA (gross)
  • ISBN 978-1-4614-6071-8
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $199.00
price for USA
  • ISBN 978-1-4614-6070-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $199.00
price for USA
  • ISBN 978-1-4899-8534-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Loading...

Recommended for you

Loading...

Bibliographic Information

Bibliographic Information
Book Title
Weather Derivatives
Book Subtitle
Modeling and Pricing Weather-Related Risk
Authors
Copyright
2013
Publisher
Springer-Verlag New York
Copyright Holder
Springer Science+Business Media New York
eBook ISBN
978-1-4614-6071-8
DOI
10.1007/978-1-4614-6071-8
Hardcover ISBN
978-1-4614-6070-1
Softcover ISBN
978-1-4899-8534-7
Edition Number
1
Number of Pages
XVI, 300
Topics