Risk Quantification Management, Diagnosis And Hedging

Name: Risk Quantification
Author: Laurent Condamin

Auteur: Laurent Condamin

Taal: Engels

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Auteur: Laurent Condamin Jean-Paul Louisot

Co-auteur: Patrick Naim Patrick Na�M

Engels
Hardcover
9780470019078
08 december 2006
286 pagina's

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Samenvatting

This book equips the reader with a thorough understanding of the basic tools and techniques of risk quantification. It describes the three-step process of diagnosis, reduction, and financing and provides tools and score cards for risk assessment. The important topics of Monte Carlo simulation and Bayesian belief networks are also covered.

This 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 risks (threats & opportunities) must be assessed to select the most efficient risk control measures and to set up efficient risk financing mechanisms. Only thus will an optimum return on capital and a reliable protection against bankruptcy be ensured, i.e. long term sustainable development.

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.

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Inhoud

Taal: en
Bindwijze: Hardcover
Oorspronkelijke releasedatum: 08 december 2006
Aantal pagina's: 286
Illustraties: Nee

Betrokkenen

Hoofdauteur: Laurent Condamin
Tweede Auteur: Jean-Paul Louisot
Co Auteur: Patrick Na�M
Hoofduitgeverij: Onbekend

Vertaling

Originele titel: Risk Quantification: Management, Diagnosis and Hedging

Overige kenmerken

Editie: illustrated edition
Extra groot lettertype: Nee
Product breedte: 175 mm
Product hoogte: 23 mm
Product lengte: 252 mm
Studieboek: Nee
Verpakking breedte: 171 mm
Verpakking hoogte: 32 mm
Verpakking lengte: 248 mm
Verpakkingsgewicht: 699 g

EAN

EAN: 9780470019078

Je vindt dit artikel in

Categorieën: Economie & Financiën

Financien & Boekhouding

Accounting

Financien

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Boeken
Taal: Engels
Boek, ebook of luisterboek?: Boek
Studieboek of algemeen: Algemene boeken
Beschikbaarheid: Leverbaar

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