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Probability Distributions in Risk Management Operations

  • Constantinos Artikis
  • Panagiotis Artikis

Part of the Intelligent Systems Reference Library book series (ISRL, volume 83)

Table of contents

  1. Front Matter
    Pages i-xiii
  2. Constantinos Artikis, Panagiotis Artikis
    Pages 1-58
  3. Constantinos Artikis, Panagiotis Artikis
    Pages 59-130
  4. Constantinos Artikis, Panagiotis Artikis
    Pages 131-229
  5. Constantinos Artikis, Panagiotis Artikis
    Pages 231-311
  6. Back Matter
    Pages 313-317

About this book

Introduction

This book is about the formulations, theoretical investigations, and practical applications of new stochastic models for fundamental concepts and operations of the discipline of risk management. It also examines how these models can be useful in the descriptions, measurements, evaluations, and treatments of risks threatening various modern organizations. Moreover, the book makes clear that such stochastic models constitute very strong analytical tools which substantially facilitate strategic thinking and strategic decision making in many significant areas of risk management. In particular the incorporation of fundamental probabilistic concepts such as the sum, minimum, and maximum of a random number of continuous, positive, independent, and identically distributed random variables in the mathematical structure of stochastic models significantly supports the suitability of these models in the developments, investigations, selections, and implementations of proactive and reactive risk management operations. The book makes extensive use of integral and differential equations of characteristic functions, mainly corresponding to important classes of mixtures of probability distributions, as powerful analytical tools for investigating the behavior of new stochastic models suitable for the descriptions and implementations of fundamental risk control and risk financing operations. These risk treatment operations very often arise in a wide variety of scientific disciplines of extreme practical importance.

Keywords

Fundamental Concepts of Risk Management Intelligent Systems Risk Management Stochastic Models of Risk Management Concepts Stochastic Models of Risk Management Operations

Authors and affiliations

  • Constantinos Artikis
    • 1
  • Panagiotis Artikis
    • 2
  1. 1.Department of InformaticsUniversity of PiraeusPiraeusGreece
  2. 2.Anglia Ruskin UniversityCambridgeUnited Kingdom

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-14256-2
  • Copyright Information Springer International Publishing Switzerland 2015
  • Publisher Name Springer, Cham
  • eBook Packages Engineering
  • Print ISBN 978-3-319-14255-5
  • Online ISBN 978-3-319-14256-2
  • Series Print ISSN 1868-4394
  • Series Online ISSN 1868-4408
  • Buy this book on publisher's site
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