Probability distributions in risk management operations (Q2263174)

The book treats stochastic models for risk control and risk management, considering both methodological aspects and practical applications. In the first chapter, basic definitions and concepts about risk categories are presented. In the second chapter, stochastic models relevant to risk management are considered. In particular, the focus is on the analysis of stochastic models involving risk severity, risk duration, risk frequency, as well as stochastic models involving the time for treating a risk occurrence and other related topics in risk control and management. In the third chapter, stochastic models pertaining to risk control and risk financing operations are investigated. Finally, the fourth chapter focuses on stochastic discounting models useful for quantitative treatment of operations of risk management.