Science and Decisions

Science and Decisions

Author: National Research Council

Publisher: National Academies Press

Published: 2009-03-24

Total Pages: 422

ISBN-13: 0309120462

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Risk assessment has become a dominant public policy tool for making choices, based on limited resources, to protect public health and the environment. It has been instrumental to the mission of the U.S. Environmental Protection Agency (EPA) as well as other federal agencies in evaluating public health concerns, informing regulatory and technological decisions, prioritizing research needs and funding, and in developing approaches for cost-benefit analysis. However, risk assessment is at a crossroads. Despite advances in the field, risk assessment faces a number of significant challenges including lengthy delays in making complex decisions; lack of data leading to significant uncertainty in risk assessments; and many chemicals in the marketplace that have not been evaluated and emerging agents requiring assessment. Science and Decisions makes practical scientific and technical recommendations to address these challenges. This book is a complement to the widely used 1983 National Academies book, Risk Assessment in the Federal Government (also known as the Red Book). The earlier book established a framework for the concepts and conduct of risk assessment that has been adopted by numerous expert committees, regulatory agencies, and public health institutions. The new book embeds these concepts within a broader framework for risk-based decision-making. Together, these are essential references for those working in the regulatory and public health fields.


The ART of Risk Management

The ART of Risk Management

Author: Christopher L. Culp

Publisher: John Wiley & Sons

Published: 2002-07-11

Total Pages: 590

ISBN-13: 0471263699

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Learn about today's hottest new risk management tools One of the hottest areas of finance today, alternative risk transfer, or ART, refers to the use of various insurance products to manage market, credit, operational, legal, environmental, and other forms of risk. As the capital and insurance markets continue to converge, the number and complexity of new risk-defraying insurance products available to corporations, brokerages, money managers and other financial professionals will continue to grow. Expert Christopher L. Culp uses case studies of recent ART transactions used by risk managers to put the field into perspective for financial professionals and to acquaint them with the various types of risk control products now available. In addition he explores, in-depth, the links between ART, derivatives and bank-arranged risk financing, and he explains the key differences between classic insurance products and financial guarantees, risk financing, bundled layering, and other ART forms.


Science and Judgment in Risk Assessment

Science and Judgment in Risk Assessment

Author: National Research Council

Publisher: National Academies Press

Published: 1994-01-01

Total Pages: 668

ISBN-13: 030904894X

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The public depends on competent risk assessment from the federal government and the scientific community to grapple with the threat of pollution. When risk reports turn out to be overblownâ€"or when risks are overlookedâ€"public skepticism abounds. This comprehensive and readable book explores how the U.S. Environmental Protection Agency (EPA) can improve its risk assessment practices, with a focus on implementation of the 1990 Clean Air Act Amendments. With a wealth of detailed information, pertinent examples, and revealing analysis, the volume explores the "default option" and other basic concepts. It offers two views of EPA operations: The first examines how EPA currently assesses exposure to hazardous air pollutants, evaluates the toxicity of a substance, and characterizes the risk to the public. The second, more holistic, view explores how EPA can improve in several critical areas of risk assessment by focusing on cross-cutting themes and incorporating more scientific judgment. This comprehensive volume will be important to the EPA and other agencies, risk managers, environmental advocates, scientists, faculty, students, and concerned individuals.


Risk Management and Value Creation in Financial Institutions

Risk Management and Value Creation in Financial Institutions

Author: Gerhard Schroeck

Publisher: John Wiley & Sons

Published: 2002-10-01

Total Pages: 354

ISBN-13: 0471429740

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An analysis of the links between risk management and value creation Risk Management and Value Creation in Financial Institutions explores a variety of methods that can be utilized to create economic value at financial institutions. This invaluable resource shows how banks can use risk management to create value for shareholders, addresses the advantages of risk-adjusted return on capital (RAROC) measures, and develops the foundations for a model to identify comparative advantages that emerge as a result of risk-management decisions. It is the only book needed for banking executives interested in the relationship between risk management and value creation.


ERM and QRM in Life Insurance

ERM and QRM in Life Insurance

Author: Ermanno Pitacco

Publisher: Springer Nature

Published: 2020-08-25

Total Pages: 236

ISBN-13: 3030498522

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This book deals with Enterprise Risk Management (ERM) and, in particular, Quantitative Risk Management (QRM) in life insurance business. Constituting a “bridge” between traditional actuarial mathematics and insurance risk management processes, its purpose is to provide advanced undergraduate and graduate students in the Actuarial Sciences, Finance and Economics with the basics of ERM (in general) and QRM applied to life insurance business. The main topics dealt with are: general issues on ERM, risk management tools for life insurance and life annuities, deterministic and stochastic analysis of the behaviour of a portfolio fund, application of sensitivity testing to assess ranges of results of interest, stress testing to assess the impact of extreme scenarios, and the product development process for life annuity products.


Strategies for Innovation

Strategies for Innovation

Author: William B. Rouse

Publisher: John Wiley & Sons

Published: 1992-08-04

Total Pages: 276

ISBN-13: 0471559040

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The principles of successful market-oriented and human-centered design are used to analyze the formation of a good business enterprise. Focusing on technology based enterprises, the author elaborates on the powerful methods for planning, organization and control; and on starting, growing and maturing organizations that create human-centered products and systems. Case studies include the aerospace, computer and electronics industries, as well as technology-oriented government institutions.


Assessment of Energy–Environment–Economy Interrelations

Assessment of Energy–Environment–Economy Interrelations

Author: George E. Halkos

Publisher: MDPI

Published: 2020-05-27

Total Pages: 274

ISBN-13: 3039288091

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Energy consumption and economic growth have been of great interest to researchers and policy-makers. Knowing the actual causal relationship between energy and the economy with respect to environmental degradation has important implications for modeling environmental and growth policies. The eleven chapters included herein aim to help researchers, academicians, and especially decision-makers to understand relevant issues and adopt appropriate methods to tackle and solve relevant environmental problems. Various methods from different disciplines are proposed and applied to various environmental and energy issues.


Risk Analysis and Society

Risk Analysis and Society

Author: Timothy McDaniels

Publisher: Cambridge University Press

Published: 2004

Total Pages: 484

ISBN-13: 9780521532631

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This new book views risk analysis as one important basis for informed debate, policy decisions and governance regarding risk issues within societies. Its twelve chapters provide interdisciplinary insights about the fundamental issues in risk analysis for the beginning of a new century. The chapter authors are some of the leading researchers in the broad fields that provide the basis for the risk analysis, including the social, natural, medical, engineering and physical sciences. They address a wide range of issues, including: new perspectives on uncertainty and variability analysis, exposure analysis and the role of precaution, environmental risk and justice, risk valuation and citizen involvement, extreme events, the role of efficiency in risk management, and the assessment and governance of transboundary and global risks. The book will be used as a starting point for discussions at the 2003 First World Congress on Risk, to be held in Brussels.


Advanced Corporate Finance

Advanced Corporate Finance

Author: KRISHNAMURTI CHANDRASEKHAR

Publisher: PHI Learning Pvt. Ltd.

Published: 2010-01-30

Total Pages: 397

ISBN-13: 8120336119

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Primarily intended as a text for postgraduate students of management and those pursuing postgraduate courses in finance, this study explains corporate finance as an area of finance dealing with the financial decisions corporations make and the tools and analyses used to make these decisions.