Engineering Risk and Finance

• Main Author: Tapiero, Charles S. (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Boston, MA : Springer US : Imprint: Springer, 2013.
• Series: International Series in Operations Research & Management Science, 188
• Subjects: Business.; Operations research.; Decision making.; Applied mathematics.; Engineering mathematics.; Engineering economics.; Engineering economy.; Business and Management.; Operation Research/Decision Theory.; Engineering Economics, Organization, Logistics, Marketing.; Appl.Mathematics/Computational Methods of Engineering.

Risk models are models of uncertainty, engineered for some purposes. They are “educated guesses and hypotheses” assessed and valued in terms of well-defined future states and their consequences. They are engineered to predict, to manage countable and accountable futures and to provide a frame of ref...