LEADER 05500nam 2200709 a 450 001 9911018926303321 005 20200520144314.0 010 $a9786610740031 010 $a9781119209331 010 $a1119209331 010 $a9781280740039 010 $a1280740035 010 $a9780470060438 010 $a0470060433 035 $a(CKB)1000000000357284 035 $a(EBL)284349 035 $a(OCoLC)123820265 035 $a(SSID)ssj0000238659 035 $a(PQKBManifestationID)12022623 035 $a(PQKBTitleCode)TC0000238659 035 $a(PQKBWorkID)10233158 035 $a(PQKB)10602018 035 $a(PQKBManifestationID)16114083 035 $a(PQKB)23737320 035 $a(MiAaPQ)EBC284349 035 $a(Perlego)2767571 035 $a(EXLCZ)991000000000357284 100 $a20061006d2006 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aRisk quantification $emanagement, diagnosis and hedging /$fLaurent Condamin, Jean-Paul Louisot, Patrick Naim 210 $aChichester, West Sussex, England ;$aHoboken, NJ $cJohn Wiley$dc2006 215 $a1 online resource (287 p.) 225 1 $aWiley finance series 300 $aDescription based upon print version of record. 311 08$a9780470019078 311 08$a0470019077 320 $aIncludes bibliographical references and index. 327 $aRisk Quantification; Contents; Foreword; Introduction; 1 Foundations; Risk management: Principles and Practice; Definitions; Systematic and Unsystematic Risk; Insurable Risks; Exposure; Management; Risk Management; Risk Management Objectives; Organizational Objectives; Other Significant Objectives; Risk Management Decision Process; Step 1-Diagnosis of Exposures; Step 2-Risk Treatment; Step 3-Audit and Corrective Actions; State of the Art and the Trends in risk Management; Risk Profile, Risk Map or Risk Matrix; Frequency x Severity; Risk Financing and Strategic Financing 327 $aFrom Risk Management to Strategic Risk ManagementFrom Managing Physical Assets to Managing Reputation; From Risk Manager to Chief Risk Officer; Why is Risk Quantification Needed?; Risk Quantification - A Knowledge-Based Approach; Introduction; Causal Structure of Risk; Building a Quantitative Causal Model of Risk; Exposure, Frequency, and Probability; Exposure, Occurrence, and Impact Drivers; Controlling Exposure, Occurrence, and Impact; Controllable, Predictable, Observable, and Hidden Drivers; Cost of Decisions; Risk Financing; Risk Management Programme as an Influence Diagram 327 $aModelling an Individual Risk or the Risk Management ProgrammeSummary; 2 Tool Box; Probability Basics; Introduction to Probability Theory; Conditional Probabilities; Independence; Bayes' Theorem; Random Variables; Moments of a Random Variable; Continuous Random Variables; Main Probability Distributions; Introduction-the Binomial Distribution; Overview of Usual Distributions; Fundamental Theorems of Probability Theory; Empirical Estimation; Estimating Probabilities from Data; Fitting a Distribution from Data; Expert Estimation; From Data to Knowledge 327 $aEstimating Probabilities from Expert KnowledgeEstimating a Distribution from Expert Knowledge; Identifying the Causal Structure of a Domain; Conclusion; Bayesian Networks and Influence Diagrams; Introduction to the Case; Introduction to Bayesian Networks; Nodes and Variables; Probabilities; Dependencies; Inference; Learning; Extension to Influence Diagrams; Introduction to Monte Carlo Simulation; Introduction; Introductory Example: Structured Funds; Risk Management Example 1 - Hedging Weather Risk; Description; Collecting Information; Model; Manual Scenario; Monte Carlo Simulation; Summary 327 $aRisk Management Example 2- Potential Earthquake in Cement IndustryAnalysis; Model; Monte Carlo Simulation; Conclusion; A Bit of Theory; Introduction; Definition; Estimation According to Monte Carlo Simulation; Random Variable Generation; Variance Reduction; Software Tools; 3 Quantitative Risk Assessment: A Knowledge Modelling Process; Introduction; Increasing Awareness of Exposures and Stakes; Objectives of Risk Assessment; Issues in Risk Quantification; Risk Quantification: A Knowledge Management Process; The Basel II Framework for Operational Risk; Introduction; The Three Pillars 327 $aOperational Risk 330 $aThis book offers a practical answer for the non-mathematician to all the questions any businessman always wanted to ask about risk quantification, and never dare to ask. Enterprise-wide risk management (ERM) is a key issue for board of directors worldwide. Its proper implementation ensures transparent governance with all stakeholders' interests integrated into the strategic equation. Furthermore, Risk quantification is the cornerstone of effective risk management,at the strategic and tactical level, covering finance as well as ethics considerations. Both downside and upside ris 410 0$aWiley finance series. 606 $aRisk management$xMathematical models 615 0$aRisk management$xMathematical models. 676 $a658.15/5 700 $aCondamin$b Laurent$01837777 701 $aLouisot$b Jean-Paul$01837778 701 $aNaim$b Patrick$0857114 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9911018926303321 996 $aRisk quantification$94416598 997 $aUNINA