{"product_id":"operational-risk-modeling-analytics-hardback-9780471760894","title":"Operational Risk; Modeling Analytics (Hardback) 9780471760894","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eOperational Risk\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eModeling Analytics\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eHarry H. Panjer (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780471760894, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 25 August 2006\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e464 pages, Charts: 0 B\u0026amp;W, 0 Color; Screen captures: 0 B\u0026amp;W, 0 Color; Tables: 0 B\u0026amp;W, 0 Color; Graphs: 60 B\u0026amp;W, 0 Color\u003cbr\u003e23.4 x 16.2 x 2.9 cm, 0.774 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e\"…offers the tool needed to design, develop, and implement industry-level operational risk models…would serve as an excellent text…\" (\u003ci\u003eJournal of the American Statistical Association\u003c\/i\u003e, December 2007)  \u003cp\u003e\"...interesting and timely. It creatively and skillfully elucidates key issues in the analysis of operational risks.\" (\u003ci\u003eMathematical Reviews\u003c\/i\u003e, 2007f)\u003c\/p\u003e\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eDiscover how to optimize business strategies from both qualitative and quantitative points of view\u003cbr\u003e \u003cbr\u003e Operational Risk: Modeling Analytics is organized around the principle that the analysis of operational risk consists, in part, of the collection of data and the building of mathematical models to describe risk. This book is designed to provide risk analysts with a framework of the mathematical models and methods used in the measurement and modeling of operational risk in both the banking and insurance sectors.\u003cbr\u003e \u003cbr\u003e Beginning with a foundation for operational risk modeling and a focus on the modeling process, the book flows logically to discussion of probabilistic tools for operational risk modeling and statistical methods for calibrating models of operational risk. Exercises are included in chapters involving numerical computations for students' practice and reinforcement of concepts.\u003cbr\u003e \u003cbr\u003e Written by Harry Panjer, one of the foremost authorities in the world on risk modeling and its effects in business management, this is the first comprehensive book dedicated to the quantitative assessment of operational risk using the tools of probability, statistics, and actuarial science.\u003cbr\u003e \u003cbr\u003e In addition to providing great detail of the many probabilistic and statistical methods used in operational risk, this book features:\u003cbr\u003e * Ample exercises to further elucidate the concepts in the text\u003cbr\u003e * Definitive coverage of distribution functions and related concepts\u003cbr\u003e * Models for the size of losses\u003cbr\u003e * Models for frequency of loss\u003cbr\u003e * Aggregate loss modeling\u003cbr\u003e * Extreme value modeling\u003cbr\u003e * Dependency modeling using copulas\u003cbr\u003e * Statistical methods in model selection and calibration\u003cbr\u003e \u003cbr\u003e Assuming no previous expertise in either operational risk terminology or in mathematical statistics, the text is designed for beginning graduate-level courses on risk and operational management or enterprise risk management. This book is also useful as a reference for practitioners in both enterprise risk management and risk and operational management.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePreface.  \u003cp\u003eAcknowledgments.\u003c\/p\u003e \u003cp\u003ePART I: INTRODUCTIN TO OPERATIONAL RISK MODELING.\u003c\/p\u003e \u003cp\u003e1. Operational Risk.\u003c\/p\u003e \u003cp\u003e2. Basic Probability concepts.\u003c\/p\u003e \u003cp\u003e3. Measures of Risk.\u003c\/p\u003e \u003cp\u003ePART II: PROBABILISTIC TOOLS FOR OPERATIONAL RISK MODELING.\u003c\/p\u003e \u003cp\u003e4. Models for the size of losses: Continuous distributions.\u003c\/p\u003e \u003cp\u003e5. Models for the number of losses: Counting distributions.\u003c\/p\u003e \u003cp\u003e6. Aggregate loss models.\u003c\/p\u003e \u003cp\u003e7. Extreme value theory: The study of jumbo losses.\u003c\/p\u003e \u003cp\u003e8. Multivariate models.\u003c\/p\u003e \u003cp\u003ePART III: STATISTICAL METHODS FOR CALIBRATING MODELS OF OPERATIONAL RISK.\u003c\/p\u003e \u003cp\u003e9. Review of mathematical statistics.\u003c\/p\u003e \u003cp\u003e10. Parameter Estimation.\u003c\/p\u003e \u003cp\u003e11. Estimation for discrete distributions.\u003c\/p\u003e \u003cp\u003e12. Model selection.\u003c\/p\u003e \u003cp\u003e13. Fitting extreme value models.\u003c\/p\u003e \u003cp\u003e14. Fitting copula models.\u003c\/p\u003e \u003cp\u003eAppendix A: Gamma and related functions.\u003c\/p\u003e \u003cp\u003eAppendix B: Discretization of the severity distribution.\u003c\/p\u003e \u003cp\u003eAppendix C: Nelder-Mead simplex Method.\u003c\/p\u003e \u003cp\u003eReferences.\u003c\/p\u003e \u003cp\u003eIndex.\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Mathematics [\u003ca title=\"See our other books on Mathematics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Mathematics%20%5BPB%5D%22\"\u003ePB\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley-Interscience","offers":[{"title":"Brand New","offer_id":52298052436248,"sku":"9780471760894","price":96.79,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9780471760894.jpg?v=1781733124","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/operational-risk-modeling-analytics-hardback-9780471760894","provider":"Freshly Printed Books","version":"1.0","type":"link"}