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| Título : |
Weather Derivatives : Modeling and Pricing Weather-Related Risk |
| Tipo de documento: |
documento electrónico |
| Autores: |
Antonis Alexandridis K. ; SpringerLink (Online service) ; Zapranis, Achilleas D |
| Editorial: |
New York, NY : Springer New York |
| Fecha de publicación: |
2013 |
| Otro editor: |
Imprint: Springer |
| Número de páginas: |
XVI, 300 p |
| Il.: |
online resource |
| ISBN/ISSN/DL: |
978-1-4614-6071-8 |
| Idioma : |
Inglés (eng) |
| Palabras clave: |
Finance Climate change Economics, Mathematical Statistics Finance, general Change Management and Policy Quantitative for Business/Economics/Mathematical Finance/Insurance |
| Clasificación: |
658 Empresas. Organización de empresas |
| Resumen: |
Weather derivatives are financial instruments that can be used by organizations or individuals as part of a risk management strategy to minimize risk associated with adverse or unexpected weather conditions. Just as traditional contingent claims, a weather derivative has an underlying measure, such as: rainfall, wind, snow or temperature. Nearly $1 trillion of the U.S. economy is directly exposed to weather-related risk. More precisely, almost 30% of the U.S. economy and 70% of U.S. companies are affected by weather. The purpose of this monograph is to conduct an in-depth analysis of financial products that are traded in the weather market. Presenting a pricing and modeling approach for weather derivatives written on various underlying weather variables will help students, researchers, and industry professionals accurately price weather derivatives, and will provide strategies for effectively hedging against weather-related risk. This book will link the mathematical aspects of the modeling procedure of weather variables to the financial markets and the pricing of weather derivatives. Very little has been published in the area of weather risk, and this volume will appeal to graduate-level students and researchers studying financial mathematics, risk management, or energy finance, in addition to investors and professionals within the financial services industry |
| Nota de contenido: |
The weather derivatives market -- Introduction to Stochastic Calculus -- Handling the data -- Pricing approaches of temperature -- Modeling the daily average temperature -- Pricing temperature derivatives -- The use of meteorological forecasts -- The effects of the geographical and basis risk -- Pricing the power of the wind a. Introduction to wind derivatives -- Precipitation Derivatives a. Introduction -- Rainfall Derivatives -- Snow Derivatives -- Appendix A -- Appendix B -- Index -- References |
| En línea: |
http://dx.doi.org/10.1007/978-1-4614-6071-8 |
| Link: |
https://biblioteca.cunef.edu/gestion/catalogo/index.php?lvl=notice_display&id=36435 |
Weather Derivatives : Modeling and Pricing Weather-Related Risk [documento electrónico] / Antonis Alexandridis K. ; SpringerLink (Online service) ; Zapranis, Achilleas D . - New York, NY : Springer New York : Imprint: Springer, 2013 . - XVI, 300 p : online resource. ISBN : 978-1-4614-6071-8 Idioma : Inglés ( eng)
| Palabras clave: |
Finance Climate change Economics, Mathematical Statistics Finance, general Change Management and Policy Quantitative for Business/Economics/Mathematical Finance/Insurance |
| Clasificación: |
658 Empresas. Organización de empresas |
| Resumen: |
Weather derivatives are financial instruments that can be used by organizations or individuals as part of a risk management strategy to minimize risk associated with adverse or unexpected weather conditions. Just as traditional contingent claims, a weather derivative has an underlying measure, such as: rainfall, wind, snow or temperature. Nearly $1 trillion of the U.S. economy is directly exposed to weather-related risk. More precisely, almost 30% of the U.S. economy and 70% of U.S. companies are affected by weather. The purpose of this monograph is to conduct an in-depth analysis of financial products that are traded in the weather market. Presenting a pricing and modeling approach for weather derivatives written on various underlying weather variables will help students, researchers, and industry professionals accurately price weather derivatives, and will provide strategies for effectively hedging against weather-related risk. This book will link the mathematical aspects of the modeling procedure of weather variables to the financial markets and the pricing of weather derivatives. Very little has been published in the area of weather risk, and this volume will appeal to graduate-level students and researchers studying financial mathematics, risk management, or energy finance, in addition to investors and professionals within the financial services industry |
| Nota de contenido: |
The weather derivatives market -- Introduction to Stochastic Calculus -- Handling the data -- Pricing approaches of temperature -- Modeling the daily average temperature -- Pricing temperature derivatives -- The use of meteorological forecasts -- The effects of the geographical and basis risk -- Pricing the power of the wind a. Introduction to wind derivatives -- Precipitation Derivatives a. Introduction -- Rainfall Derivatives -- Snow Derivatives -- Appendix A -- Appendix B -- Index -- References |
| En línea: |
http://dx.doi.org/10.1007/978-1-4614-6071-8 |
| Link: |
https://biblioteca.cunef.edu/gestion/catalogo/index.php?lvl=notice_display&id=36435 |
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