Little by little we are being provided with an arsenal of operative instruments of a non-numerical nature, in the shape of models and algorithms, capable of providing answers to the aggressions" which our economics and management systems must withstand, coming from an environmen…
This volume offers the reader practical methods to compute the option prices in the incomplete asset markets. The [GLP & MEMM] pricing models are clearly introduced, and the properties of these models are discussed in great detail. It is shown that the geometric Levy process (GL…
This book examines in detail the planning and modelling of local infrastructure like energy systems, including the complexities resulting from various uncertainties. Readers will discover the individual steps involved in infrastructure planning in cities and territories, as well…
"This volume addresses a concern of very high relevance and growing interest for large industries or environmentalists: risk and uncertainty in complex systems. It gives new insight on the peculiar mathematical challenges generated by recent industrial safety or environmental co…
This book is about making decisions driven by experience. In this context, a scenario is an observation that comes from the environment, and scenario optimization refers to optimizing decisions over a set of available scenarios. Scenario optimization can be applied across a vari…
Detailed surveys examine risk and uncertainty, from classical and foundational work through current developments. Presents coherent summaries ofrisk and uncertainty that inform major areas in economics and finance.
The authors explain the ways in which uncertainty is an important factor in the problems of risk and policy analysis. This book outlines the source and nature of uncertainty, discusses techniques for obtaining and using expert judgment, and reviews a variety of simple and advanc…
A risk analysis textbook which is intended as a basic text for students as well as a reference for practitioners and researchers. It provides a basis for policy analysis and draws upon a variety of case studies.
