Engineering risk and finance Tapiero, Charles S.
Material type: TextSeries: International Series in Operations Research and Management Science - Vol.118Publication details: New York Springer 2013Description: xviii, 508 pISBN:- 9781461462330
- T2E6 658.15
Item type | Current library | Collection | Call number | Status | Date due | Barcode | Item holds | |
---|---|---|---|---|---|---|---|---|
Book | Ahmedabad | Non-fiction | 658.15 T2E6 (Browse shelf(Opens below)) | Available | 188558 |
Risk models are models of uncertainty, engineered for some purposes. They are “educated guesses and hypotheses” assessed and valued in terms of well-defined future states and their consequences. They are engineered to predict, to manage countable and accountable futures and to provide a frame of reference within which we may believe that “uncertainty is tamed”. Quantitative-statistical tools are used to reconcile our information, experience and other knowledge with hypotheses that both serve as the foundation of risk models and also value and price risk. Risk models are therefore common to most professions, each with its own methods and techniques based on their needs, experience and a wisdom accrued over long periods of time.
This book provides a broad and interdisciplinary foundation to engineering risks and to their financial valuation and pricing. Risk models applied in industry and business, heath care, safety, the environment and regulation are used to highlight their variety while financial valuation techniques are used to assess their financial consequences.
(http://www.springer.com/gp/book/9781461462330)
There are no comments on this title.