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Taking into account the standards of the Basel Accord, Operational
Risk Modelling and Management presents a simulation model for
generating the loss distribution of operational risk. It also
examines a multitude of management issues that must be considered
when adjusting the quantitative results of a comprehensive model.
The book emphasizes techniques that can be understood and applied
by practitioners. In the quantitative portions of the text, the
author supplies key concepts and definitions without stating
theorems or delving into mathematical proofs. He also offers
references for readers looking for further background information.
In addition, the book includes a Monte Carlo simulation of risk
capital in the form of a run-through example of risk calculations
based on data from a quantitative impact study. Since the
computations are too complicated for a scripting language, a
prototypical software program can be downloaded from
www.garrulus.com Helping you navigate the tricky world of risk
calculation and management, this book presents two main building
blocks for determining how much capital needs to be reserved for
operational risk. It employs the loss distribution approach as a
model for calculating the risk capital figure and explains risk
mitigation through management and management's actuations.
Taking into account the standards of the Basel Accord, Operational
Risk Modelling and Management presents a simulation model for
generating the loss distribution of operational risk. It also
examines a multitude of management issues that must be considered
when adjusting the quantitative results of a comprehensive model.
The book emphasizes techniques that can be understood and applied
by practitioners. In the quantitative portions of the text, the
author supplies key concepts and definitions without stating
theorems or delving into mathematical proofs. He also offers
references for readers looking for further background information.
In addition, the book includes a Monte Carlo simulation of risk
capital in the form of a run-through example of risk calculations
based on data from a quantitative impact study. Since the
computations are too complicated for a scripting language, a
prototypical software program can be downloaded from
www.garrulus.com Helping you navigate the tricky world of risk
calculation and management, this book presents two main building
blocks for determining how much capital needs to be reserved for
operational risk. It employs the loss distribution approach as a
model for calculating the risk capital figure and explains risk
mitigation through management and management's actuations.
​Diese erweiterte 2. Auflage richtet sich an die regelmäßigen
Benutzer von IT, also Berufstätige sowie Schüler, Studierende und
Lehrer. Das Buch beschreibt das relevante Universum der Informatik
und der Informationstechnologie, von den grundlegenden Prinzipien
bis zur sozialen und gesellschaftspolitischen Bedeutung.Neu und
erweitert sind u. a. Themen zu virtuellen Welten, zum Metaversum,
zu digitalen Zwillingen sowie zu Aspekten von Verwaltung und
Digitalisierung. Anhand zahlreicher Beispiele sowie Illustrationen
und Grafiken wird die relevante IT-Umgebung der modernen
Nichtfachperson dargestellt. Büroapplikationen, soziale Medien,
Spiele und Hardwaretrends sowie die verwendeten Devices werden
erklärt und in Zusammenhang gebracht.In einem Kapitel werden
die ersten Grundlagen zur Programmierung der sehr populären
Blocksprache Scratch gelegt. Zu jedem Kapitel werden zehn Fragen
zum Inhalt gestellt, um dem Leser oder der Leserin eine Stütze zum
gelesenen Inhalt zu geben und die Kompetenzen zu erweitern. Der
Inhalt Ganz kurze Geschichte der IT Alles ist Zahl Computer als
Hardware Betriebssystem und Benutzeroberfläche Netzwerke
Datenorganisation IT-Entwicklung IT-Organisation Programmierung
Applikationen Cloud-Computing Sicherheit Information und Medien
Künstliche Intelligenz Virtuelle Welten IT, Digitalisierung und
Gesellschaft
Pricing of export credit is a challenge in the globalised world
trade. Annual premia represent billions of euros or dollars and may
determine competition. This book develops a rigorous new framework
for pricing export credit products, e.g. buyer and supplier credit
insurance and performance and working capital guarantees , based on
well-known financial and actuarial theories. It introduces the
products, the theories and the different data sources in order to
apply the mathematical and financial ideas, e.g. discounting,
risk-neutral valuation and Merton type defaults. It shows the
differences of historical experience and implicit market pricing
assumptions. The well-known OECD Arrangement is used as a benchmark
for some part of the framework. Short code snippets in R are given
in order to re-perform the results and have a basis to try own
ideas. Many unprecedented exhibits give new insights into the
subject matter. The book is targeted at practitioners and actuaries
in the field with a good quantitative background.
Pricing of export credit is a challenge in the globalised world
trade. Annual premia represent billions of euros or dollars and may
determine competition. This book develops a rigorous new framework
for pricing export credit products, e.g. buyer and supplier credit
insurance and performance and working capital guarantees , based on
well-known financial and actuarial theories. It introduces the
products, the theories and the different data sources in order to
apply the mathematical and financial ideas, e.g. discounting,
risk-neutral valuation and Merton type defaults. It shows the
differences of historical experience and implicit market pricing
assumptions. The well-known OECD Arrangement is used as a benchmark
for some part of the framework. Short code snippets in R are given
in order to re-perform the results and have a basis to try own
ideas. Many unprecedented exhibits give new insights into the
subject matter. The book is targeted at practitioners and actuaries
in the field with a good quantitative background.
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