About this product

Product Identifiers

PublisherTaylor & Francis Group

ISBN-101439835942

ISBN-139781439835944

eBay Product ID (ePID)80064278

Product Key Features

Number of Pages528 Pages

LanguageEnglish

Publication NameRisk Management and Simulation

Publication Year2013

SubjectDecision-Making & Problem Solving, Finance / General, Operations Research, General

TypeTextbook

Subject AreaMathematics, Business & Economics

AuthorAparna Gupta

FormatHardcover

Dimensions

Item Height1.3 in

Item Weight69 Oz

Item Length9.4 in

Item Width6.2 in

Additional Product Features

Intended AudienceScholarly & Professional

LCCN2013-007014

Reviews"The book in question has many qualities that make it stand out from others in the field. ... The clear strength of the book is the sheer amount of topics it is able to cover in relatively few pages. ... It is filled with many institutional and well-written historical details. ... the wide encompassing nature of the book allows the reader to get a quick overview of many of the problems in risk management. ... the book could be well suited for an in-classroom graduate course in quantitative finance or risk management ..." --Journal of the American Statistical Association, December 2014 "... this book is a unique and wonderful combination of risk management and financial simulation concepts that will set the reader on a strong footing for a rewarding career in risk management. Drawing on her experience in teaching risk management and computational technique courses to undergraduate and graduate students for a decade and a half, Gupta offers an accessible book on an increasingly important topic. Her explanation of the complex models and computational techniques is well thought out and well motivated, which should make reading the material both inviting and appealing." --From the Foreword by Emmanuel (Manos) D. Hatzakis, Ph.D., CFA, FRM, Risk, Structuring, and Analytics Expert, UBS "Gupta's Risk Management and Simulationprovides a comprehensive yet accessible exposition of simulation methods in modern risk management. With carefully selected questions and exercises, the book is highly recommended for professionals and students who desire deeper quantitative knowledge of risk management." --Wei Chen, Ph.D., FRM, Head of Banking Risk Product Management, SAS Institute Inc., "... this book is a unique and wonderful combination of risk management and financial simulation concepts that will set the reader on a strong footing for a rewarding career in risk management. Drawing on her experience in teaching risk management and computational technique courses to undergraduate and graduate students for a decade and a half, Gupta offers an accessible book on an increasingly important topic. Her explanation of the complex models and computational techniques is well thought out and well motivated, which should make reading the material both inviting and appealing." -From the Foreword by Emmanuel (Manos) D. Hatzakis, Ph.D., CFA, FRM, Risk, Structuring, and Analytics Expert, UBS "Gupta's Risk Management and Simulation provides a comprehensive yet accessible exposition of simulation methods in modern risk management. With carefully selected questions and exercises, the book is highly recommended for professionals and students who desire deeper quantitative knowledge of risk management." -Wei Chen, Ph.D., FRM, Head of Banking Risk Product Management, SAS Institute Inc.

Dewey Edition23

IllustratedYes

Dewey Decimal658.155011

Table Of ContentRisk and Regulation: Defining Risk. Framework for Risk Management. Regulations and Risk Management. Modeling and Simulation of Risk: Principles of Simulation and Generating Random Variates. Modeling Risk Evolving over Time. Building and Solving Models of Risk. Risk Management: Managing Equity Market Risk. Managing Interest Rates and Other Market Risks. Credit Risk Management. Strategic, Business and Operational Risk Management. Risk Management Using Insurance. Advanced Simulation: Advanced Simulation Topics. Bibliography. Index.

SynopsisThe challenges of the current financial environment have revealed the need for a new generation of professionals who combine training in traditional finance disciplines with an understanding of sophisticated quantitative and analytical tools. Risk Management and Simulation shows how simulation modeling and analysis can help you solve risk management problems related to market, credit, operational, business, and strategic risk. Simulation models and methodologies offer an effective way to address many of these problems and are easy for finance professionals to understand and use. Drawing on the author's extensive teaching experience, this accessible book walks you through the concepts, models, and computational techniques. How Simulation Models Can Help You Manage Risk More Effectively Organized into four parts, the book begins with the concepts and framework for risk management. It then introduces the modeling and computational techniques for solving risk management problems, from model development, verification, and validation to designing simulation experiments and conducting appropriate output analysis. The third part of the book delves into specific issues of risk management in a range of risk types. These include market risk, equity risk, interest rate risk, commodity risk, currency risk, credit risk, liquidity risk, and strategic, business, and operational risks. The author also examines insurance as a mechanism for risk management and risk transfer. The final part of the book explores advanced concepts and techniques. The book contains extensive review questions and detailed quantitative or computational exercises in all chapters. Use of MATLAB® mathematical software is encouraged and suggestions for MATLAB functions are provided throughout. Learn Step by Step, from Basic Concepts to More Complex Models Packed with applied examples and exercises,, The challenges of the financial environment have revealed the need for a new generation of professionals who combine training in traditional finance disciplines with an understanding of sophisticated quantitative and analytical tools. This book shows how simulation modeling and analysis can help you solve problems of risk management related to market, credit, operational, business, and strategic risk. Making simulation accessible, the author walks you through the concepts, models, and computational techniques. Topics covered include developing and validating models, designing simulation experiments, and conducting analysis., The challenges of the current financial environment have revealed the need for a new generation of professionals who combine training in traditional finance disciplines with an understanding of sophisticated quantitative and analytical tools. Risk Management and Simulation shows how simulation modeling and analysis can help you solve risk management problems related to market, credit, operational, business, and strategic risk. Simulation models and methodologies offer an effective way to address many of these problems and are easy for finance professionals to understand and use. Drawing on the author's extensive teaching experience, this accessible book walks you through the concepts, models, and computational techniques. How Simulation Models Can Help You Manage Risk More Effectively Organized into four parts, the book begins with the concepts and framework for risk management. It then introduces the modeling and computational techniques for solving risk management problems, from model development, verification, and validation to designing simulation experiments and conducting appropriate output analysis. The third part of the book delves into specific issues of risk management in a range of risk types. These include market risk, equity risk, interest rate risk, commodity risk, currency risk, credit risk, liquidity risk, and strategic, business, and operational risks. The author also examines insurance as a mechanism for risk management and risk transfer. The final part of the book explores advanced concepts and techniques. The book contains extensive review questions and detailed quantitative or computational exercises in all chapters. Use of MATLAB(R) mathematical software is encouraged and suggestions for MATLAB functions are provided throughout. Learn Step by Step, from Basic Concepts to More Complex Models Packed with applied examples and exercises,

LC Classification NumberHD61.G86 2014