LEADER 03569nam 2200565 a 450 001 9910438076403321 005 20250702204215.0 010 $a1-283-91140-X 010 $a1-4614-6071-9 024 7 $a10.1007/978-1-4614-6071-8 035 $a(CKB)2670000000308651 035 $a(EBL)1082074 035 $a(OCoLC)823386533 035 $a(SSID)ssj0000812051 035 $a(PQKBManifestationID)11512383 035 $a(PQKBTitleCode)TC0000812051 035 $a(PQKBWorkID)10860007 035 $a(PQKB)11143692 035 $a(DE-He213)978-1-4614-6071-8 035 $a(MiAaPQ)EBC1082074 035 $a(PPN)168304643 035 $a(EXLCZ)992670000000308651 100 $a20121025d2013 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aWeather derivatives $emodeling and pricing weather-related risk /$fAntonis K. Alexandridis, Achilleas D. Zapranis 205 $a1st ed. 2013. 210 $aNew York $cSpringer$d2013 215 $a1 online resource (309 p.) 300 $aDescription based upon print version of record. 311 08$a1-4899-8534-4 311 08$a1-4614-6070-0 320 $aIncludes bibliographical references and index. 327 $aThe weather derivatives market -- Introduction to Stochastic Calculus -- Handling the data -- Pricing approaches of temperature -- Modeling the daily average temperature -- Pricing temperature derivatives -- The use of meteorological forecasts -- The effects of the geographical and basis risk -- Pricing the power of the wind a.       Introduction to wind derivatives -- Precipitation Derivatives a.       Introduction -- Rainfall Derivatives -- Snow Derivatives -- Appendix A -- Appendix B -- Index -- References. 330 $aWeather 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. 606 $aWeather derivatives 615 0$aWeather derivatives. 676 $a630.681 700 $aAlexandridis$b Antonis K$01597190 701 $aZapranis$b Achilleas$f1965-$01830334 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910438076403321 996 $aWeather derivatives$94400614 997 $aUNINA