Overview
- Recent research on probability distributions in Risk Management Operations
- Devoted to applications of risk management in various practical disciplines
- Presents stochastic models for the fundamental quantitative concepts of risk management and risk treatment operations
- Includes supplementary material: sn.pub/extras
Part of the book series: Intelligent Systems Reference Library (ISRL, volume 83)
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Table of contents (4 chapters)
Keywords
About this book
This book is about the formulations, theoretical investigations, and practical applications of new stochastic models for fundamental concepts and operations of the discipline of risk management. It also examines how these models can be useful in the descriptions, measurements, evaluations, and treatments of risks threatening various modern organizations. Moreover, the book makes clear that such stochastic models constitute very strong analytical tools which substantially facilitate strategic thinking and strategic decision making in many significant areas of risk management. In particular the incorporation of fundamental probabilistic concepts such as the sum, minimum, and maximum of a random number of continuous, positive, independent, and identically distributed random variables in the mathematical structure of stochastic models significantly supports the suitability of these models in the developments, investigations, selections, and implementations of proactive and reactive risk management operations. The book makes extensive use of integral and differential equations of characteristic functions, mainly corresponding to important classes of mixtures of probability distributions, as powerful analytical tools for investigating the behavior of new stochastic models suitable for the descriptions and implementations of fundamental risk control and risk financing operations. These risk treatment operations very often arise in a wide variety of scientific disciplines of extreme practical importance.
Authors and Affiliations
Bibliographic Information
Book Title: Probability Distributions in Risk Management Operations
Authors: Constantinos Artikis, Panagiotis Artikis
Series Title: Intelligent Systems Reference Library
DOI: https://doi.org/10.1007/978-3-319-14256-2
Publisher: Springer Cham
eBook Packages: Engineering, Engineering (R0)
Copyright Information: Springer International Publishing Switzerland 2015
Hardcover ISBN: 978-3-319-14255-5Published: 27 February 2015
Softcover ISBN: 978-3-319-36202-1Published: 22 October 2016
eBook ISBN: 978-3-319-14256-2Published: 02 February 2015
Series ISSN: 1868-4394
Series E-ISSN: 1868-4408
Edition Number: 1
Number of Pages: XIII, 317
Topics: Computational Intelligence, Business and Management, general, Quality Control, Reliability, Safety and Risk