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Discover how to optimize business strategies from both qualitative and quantitative points of view
Operational Risk: Modeling Analytics is organized around the principle that the analysis of operational risk consists, in part, of the collection of data and the building of mathematical models to describe risk. This book is designed to provide risk analysts with a framework of the mathematical models and methods used in the measurement and modeling of operational risk in both the banking and insurance sectors.
Beginning with a foundation for operational risk modeling and a focus on the modeling process, the book flows logically to discussion of probabilistic tools for operational risk modeling and statistical methods for calibrating models of operational risk. Exercises are included in chapters involving numerical computations for students' practice and reinforcement of concepts.
Written by Harry Panjer, one of the foremost authorities in the world on risk modeling and its effects in business management, this is the first comprehensive book dedicated to the quantitative assessment of operational risk using the tools of probability, statistics, and actuarial science.
In addition to providing great detail of the many probabilistic and statistical methods used in operational risk, this book features:
* Ample exercises to further elucidate the concepts in the text
* Definitive coverage of distribution functions and related concepts
* Models for the size of losses
* Models for frequency of loss
* Aggregate loss modeling
* Extreme value modeling
* Dependency modeling using copulas
* Statistical methods in model selection and calibration
Assuming no previous expertise in either operational risk terminology or in mathematical statistics, the text is designed for beginning graduate-level courses on risk and operational management or enterprise risk management. This book is also useful as a reference for practitioners in both enterprise risk management and risk and operational management. |
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Data Structures and Abstractions with Java (3rd Edition)
Look around and you will see ways that people organize things. When you stopped at the store
this morning, you went to the back of a line to wait for the cashier. The line organized people
chronologically. The first person in the line was the first to be served and to leave the line.
Eventually, you reached the front of the line and... | | Build Your Own Database Driven Web Site Using PHP & MySQL
Build Your own Database Driven Web Site Using PHP & MySQL is a practical hands-on guide to learning all the tools, principles and techniques needed to build a fully functional database-driven web site using PHP & MySQL.
This book covers everything from installing PHP & MySQL under Windows, Linux, and... | | Naked Screenwriting
LEW: What is a screenwriter? Somewhere between the pulsating
pentameters of a poet and the humdrum hindsight of a historian, there
lives a curious and wondrous creature known as a screenwriter.
Working screenwriters can be found at Vegas, the racetrack, the tennis
courts, their favorite bars; nonworking screenwriters, same or at... |
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