Risk quantification : management, diagnosis and hedging /
"Within the ERM framework, each individual operational entity is called upon to control its own risks, within the guidelines set up by the board of directors, whereas the risk financing strategy is developed and implemented at the corporate level to optimise the balance between threats and oppo...
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| Other Authors: | , |
| Format: | eBook |
| Language: | English |
| Published: |
Chichester, West Sussex, England ; Hoboken, NJ :
John Wiley,
©2006.
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| Series: | Wiley finance series.
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| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
| Summary: | "Within the ERM framework, each individual operational entity is called upon to control its own risks, within the guidelines set up by the board of directors, whereas the risk financing strategy is developed and implemented at the corporate level to optimise the balance between threats and opportunities, systematic and non systematic risks." "This book is designed to equip each board member, each executives and each field manager, with the tool box enabling them to quantify the risks within his/her jurisdiction to all the extend possible and thus make sound, rational and justifiable decisions, while recognising the limits of the exercise. Beyond traditional probability analysis, used since the 18th Century by the insurance community, it offers insight into new developments like Bayesian expert networks, Monte-Carlo simulation, etc. with practical illustrations on how to implement them within the three steps of risk management, diagnostic, treatment and audit."--Jacket. |
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| Physical Description: | 1 online resource (xiv, 271 pages : : illustrations.) |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9781119209331 (electronic bk.) 1119209331 (electronic bk.) |