LEADER 04552nam 22006975 450 001 9910438076403321 005 20200920071925.0 010 $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 $a20121205d2013 u| 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aWeather Derivatives$b[electronic resource] $eModeling and Pricing Weather-Related Risk /$fby Antonis Alexandridis K., Achilleas D. Zapranis 205 $a1st ed. 2013. 210 1$aNew York, NY :$cSpringer New York :$cImprint: Springer,$d2013. 215 $a1 online resource (309 p.) 300 $aDescription based upon print version of record. 311 $a1-4899-8534-4 311 $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 $aFinance 606 $aClimate change 606 $aEconomics, Mathematical  606 $aStatistics  606 $aFinance, general$3https://scigraph.springernature.com/ontologies/product-market-codes/600000 606 $aClimate Change Management and Policy$3https://scigraph.springernature.com/ontologies/product-market-codes/314000 606 $aQuantitative Finance$3https://scigraph.springernature.com/ontologies/product-market-codes/M13062 606 $aStatistics for Business, Management, Economics, Finance, Insurance$3https://scigraph.springernature.com/ontologies/product-market-codes/S17010 615 0$aFinance. 615 0$aClimate change. 615 0$aEconomics, Mathematical . 615 0$aStatistics . 615 14$aFinance, general. 615 24$aClimate Change Management and Policy. 615 24$aQuantitative Finance. 615 24$aStatistics for Business, Management, Economics, Finance, Insurance. 676 $a630.681 700 $aAlexandridis K$b Antonis$4aut$4http://id.loc.gov/vocabulary/relators/aut$01064497 702 $aZapranis$b Achilleas D$4aut$4http://id.loc.gov/vocabulary/relators/aut 906 $aBOOK 912 $a9910438076403321 996 $aWeather Derivatives$92538464 997 $aUNINA