Search Results for "pricing-of-weather-derivatives-basics-concepts-and-method-for-modeling-of-surface-air-temperature"

Weather Derivatives

Weather Derivatives

Modeling and Pricing Weather-Related Risk

  • Author: Antonis Alexandridis K.,Achilleas D. Zapranis
  • Publisher: Springer Science & Business Media
  • ISBN: 1461460719
  • Category: Business & Economics
  • Page: 300
  • View: 8685
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​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. ​

Atmospheric Modeling, Data Assimilation and Predictability

Atmospheric Modeling, Data Assimilation and Predictability

  • Author: Eugenia Kalnay
  • Publisher: Cambridge University Press
  • ISBN: 9780521796293
  • Category: Mathematics
  • Page: 341
  • View: 5607
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This book, first published in 2002, is a graduate-level text on numerical weather prediction, including atmospheric modeling, data assimilation and predictability.

Modeling of Atmospheric Chemistry

Modeling of Atmospheric Chemistry

  • Author: Guy P. Brasseur,Daniel J. Jacob
  • Publisher: Cambridge University Press
  • ISBN: 1107146968
  • Category: Nature
  • Page: 632
  • View: 8123
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Mathematical modeling of atmospheric composition is a formidable scientific and computational challenge. This comprehensive presentation of the modeling methods used in atmospheric chemistry focuses on both theory and practice, from the fundamental principles behind models, through to their applications in interpreting observations. An encyclopaedic coverage of methods used in atmospheric modeling, including their advantages and disadvantages, makes this a one-stop resource with a large scope. Particular emphasis is given to the mathematical formulation of chemical, radiative, and aerosol processes; advection and turbulent transport; emission and deposition processes; as well as major chapters on model evaluation and inverse modeling. The modeling of atmospheric chemistry is an intrinsically interdisciplinary endeavour, bringing together meteorology, radiative transfer, physical chemistry and biogeochemistry, making the book of value to a broad readership. Introductory chapters and a review of the relevant mathematics make this book instantly accessible to graduate students and researchers in the atmospheric sciences.

The University of Virginia Record

The University of Virginia Record

  • Author: University of Virginia
  • Publisher: N.A
  • ISBN: N.A
  • Category: Biography & Autobiography
  • Page: N.A
  • View: 9685
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Modeling and Pricing in Financial Markets for Weather Derivatives

Modeling and Pricing in Financial Markets for Weather Derivatives

  • Author: Fred Espen Benth,Jurate Saltyte Benth
  • Publisher: World Scientific
  • ISBN: 9814401846
  • Category: Business & Economics
  • Page: 242
  • View: 2746
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Weather derivatives provide a tool for weather risk management, and the markets for these exotic financial products are gradually emerging in size and importance. This unique monograph presents a unified approach to the modeling and analysis of such weather derivatives, including financial contracts on temperature, wind and rain. Based on a deep statistical analysis of weather factors, sophisticated stochastic processes are introduced modeling the time and space dynamics. Applying ideas from the modern theory of mathematical finance, weather derivatives are priced, and questions of hedging analyzed. The treatise contains an in-depth analysis of typical weather contracts traded at the Chicago Mercantile Exchange (CME), including so-called CDD and HDD futures. The statistical analysis of weather variables are based on a large data set from Lithuania. The monograph includes the research done by the authors over the last decade on weather markets. Their work has gained considerable attention, and has been applied in many contexts.

Energy and Power Risk Management

Energy and Power Risk Management

New Developments in Modeling, Pricing, and Hedging

  • Author: Alexander Eydeland,Krzysztof Wolyniec
  • Publisher: John Wiley & Sons
  • ISBN: 0471455873
  • Category: Business & Economics
  • Page: 504
  • View: 9164
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Praise for Energy and Power Risk Management "Energy and Power Risk Management identifies and addresses the key issues in the development of the turbulent energy industry and the challenges it poses to market players. An insightful and far-reaching book written by two renowned professionals." -Helyette Geman, Professor of Finance University Paris Dauphine and ESSEC "The most up-to-date and comprehensive book on managing energy price risk in the natural gas and power markets. An absolute imperative for energy traders and energy risk management professionals." -Vincent Kaminski, Managing Director Citadel Investment Group LLC "Eydeland and Wolyniec's work does an excellent job of outlining the methods needed to measure and manage risk in the volatile energy market." -Gerald G. Fleming, Vice President, Head of East Power Trading, TXU Energy Trading "This book combines academic rigor with real-world practicality. It is a must-read for anyone in energy risk management or asset valuation." -Ron Erd, Senior Vice President American Electric Power

Journal of the American Statistical Association

Journal of the American Statistical Association

  • Author: N.A
  • Publisher: N.A
  • ISBN: N.A
  • Category: Statistics
  • Page: N.A
  • View: 2818
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Issues in Analysis, Measurement, Monitoring, Imaging, and Remote Sensing Technology: 2011 Edition

Issues in Analysis, Measurement, Monitoring, Imaging, and Remote Sensing Technology: 2011 Edition

  • Author: N.A
  • Publisher: ScholarlyEditions
  • ISBN: 1464963843
  • Category: Science
  • Page: 2350
  • View: 4605
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Issues in Analysis, Measurement, Monitoring, Imaging, and Remote Sensing Technology: 2011 Edition is a ScholarlyEditions™ eBook that delivers timely, authoritative, and comprehensive information about Analysis, Measurement, Monitoring, Imaging, and Remote Sensing Technology. The editors have built Issues in Analysis, Measurement, Monitoring, Imaging, and Remote Sensing Technology: 2011 Edition on the vast information databases of ScholarlyNews.™ You can expect the information about Analysis, Measurement, Monitoring, Imaging, and Remote Sensing Technology in this eBook to be deeper than what you can access anywhere else, as well as consistently reliable, authoritative, informed, and relevant. The content of Issues in Analysis, Measurement, Monitoring, Imaging, and Remote Sensing Technology: 2011 Edition has been produced by the world’s leading scientists, engineers, analysts, research institutions, and companies. All of the content is from peer-reviewed sources, and all of it is written, assembled, and edited by the editors at ScholarlyEditions™ and available exclusively from us. You now have a source you can cite with authority, confidence, and credibility. More information is available at http://www.ScholarlyEditions.com/.

Food Analysis

Food Analysis

  • Author: S. Suzanne Nielsen
  • Publisher: Springer
  • ISBN: 3319457764
  • Category: Technology & Engineering
  • Page: 649
  • View: 5747
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This fifth edition provides information on techniques needed to analyze foods for chemical and physical properties. The book is ideal for undergraduate courses in food analysis and is also an invaluable reference to professionals in the food industry. General information chapters on regulations, labeling, sampling, and data handling provide background information for chapters on specific methods to determine chemical composition and characteristics, physical properties, and objectionable matter and constituents. Methods of analysis covered include information on the basic principles, advantages, limitations, and applications. Sections on spectroscopy and chromatography along with chapters on techniques such as immunoassays, thermal analysis, and microscopy from the perspective of their use in food analysis have been expanded. Instructors who adopt the textbook can contact the editor for access to a website with related teaching materials.

International Aerospace Abstracts

International Aerospace Abstracts

  • Author: N.A
  • Publisher: N.A
  • ISBN: N.A
  • Category: Aeronautics
  • Page: N.A
  • View: 4474
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Nitrogen in the Marine Environment

Nitrogen in the Marine Environment

  • Author: Edward J. Carpenter,Douglas G. Capone
  • Publisher: Elsevier
  • ISBN: 1483288293
  • Category: Science
  • Page: 900
  • View: 2911
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Nitrogen in the Marine Environment provides information pertinent to the many aspects of the nitrogen cycle. This book presents the advances in ocean productivity research, with emphasis on the role of microbes in nitrogen transformations with excursions to higher trophic levels. Organized into 24 chapters, this book begins with an overview of the abundance and distribution of the various forms of nitrogen in a number of estuaries. This text then provides a comparison of the nitrogen cycling of various ecosystems within the marine environment. Other chapters consider chemical distributions and methodology as an aid to those entering the field. This book discusses as well the enzymology of the initial steps of inorganic nitrogen assimilation. The final chapter deals with the philosophy and application of modeling as an investigative method in basic research on nitrogen dynamics in coastal and open-ocean marine environments. This book is a valuable resource for plant biochemists, microbiologists, aquatic ecologists, and bacteriologists.

STAR, an Abstract Journal

STAR, an Abstract Journal

  • Author: N.A
  • Publisher: N.A
  • ISBN: N.A
  • Category: Aeronautics
  • Page: N.A
  • View: 916
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Feedback Systems

Feedback Systems

An Introduction for Scientists and Engineers

  • Author: Karl Johan Aström,Richard M. Murray
  • Publisher: Princeton University Press
  • ISBN: 9781400828739
  • Category: Mathematics
  • Page: 408
  • View: 3799
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This book provides an introduction to the mathematics needed to model, analyze, and design feedback systems. It is an ideal textbook for undergraduate and graduate students, and is indispensable for researchers seeking a self-contained reference on control theory. Unlike most books on the subject, Feedback Systems develops transfer functions through the exponential response of a system, and is accessible across a range of disciplines that utilize feedback in physical, biological, information, and economic systems. Karl Åström and Richard Murray use techniques from physics, computer science, and operations research to introduce control-oriented modeling. They begin with state space tools for analysis and design, including stability of solutions, Lyapunov functions, reachability, state feedback observability, and estimators. The matrix exponential plays a central role in the analysis of linear control systems, allowing a concise development of many of the key concepts for this class of models. Åström and Murray then develop and explain tools in the frequency domain, including transfer functions, Nyquist analysis, PID control, frequency domain design, and robustness. They provide exercises at the end of every chapter, and an accompanying electronic solutions manual is available. Feedback Systems is a complete one-volume resource for students and researchers in mathematics, engineering, and the sciences. Covers the mathematics needed to model, analyze, and design feedback systems Serves as an introductory textbook for students and a self-contained resource for researchers Includes exercises at the end of every chapter Features an electronic solutions manual Offers techniques applicable across a range of disciplines

Government Reports Announcements & Index

Government Reports Announcements & Index

  • Author: N.A
  • Publisher: N.A
  • ISBN: N.A
  • Category: Science
  • Page: N.A
  • View: 1457
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Aeronautical engineering

Aeronautical engineering

  • Author: United States. National Aeronautics and Space Administration. Scientific and Technical Information Branch,United States. National Aeronautics and Space Administration. Scientific and Technical Information Office,NASA Scientific and Technical Information Facility
  • Publisher: N.A
  • ISBN: N.A
  • Category: Technology & Engineering
  • Page: N.A
  • View: 1216
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A selection of annotated references to unclassified reports and journal articles that were introduced into the NASA scientific and technical information system and announced in Sscientific and technical aerospace reports (STAR) and International aerospace abstracts (IAA)

Ecological Models and Data in R

Ecological Models and Data in R

  • Author: Benjamin M. Bolker
  • Publisher: Princeton University Press
  • ISBN: 0691125228
  • Category: Computers
  • Page: 396
  • View: 5491
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Introduction and background; Exploratory data analysis and graphics; Deterministic functions for ecological modeling; Probability and stochastic distributions for ecological modeling; Stochatsic simulation and power analysis; Likelihood and all that; Optimization and all that; Likelihood examples; Standar statistics revisited; Modeling variance; Dynamic models.

Warming the World

Warming the World

Economic Models of Global Warming

  • Author: William D. Nordhaus,Joseph Boyer
  • Publisher: MIT Press
  • ISBN: 9780262640541
  • Category: Business & Economics
  • Page: 232
  • View: 9303
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This book presents in detail a pair of models of the economics of climate change. Themodels, called RICE-99 (for the Regional Dynamic Integrated model of Climate and the Economy) andDICE-99 (for the Dynamic Integrated Model of Climate and the Economy) build on the authors' earlierwork, particularly their RICE and DICE models of the early 1990s.

Issues in Mechanical Engineering: 2011 Edition

Issues in Mechanical Engineering: 2011 Edition

  • Author: N.A
  • Publisher: ScholarlyEditions
  • ISBN: 1464963746
  • Category: Technology & Engineering
  • Page: 2526
  • View: 718
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Issues in Mechanical Engineering / 2011 Edition is a ScholarlyEditions™ eBook that delivers timely, authoritative, and comprehensive information about Mechanical Engineering. The editors have built Issues in Mechanical Engineering: 2011 Edition on the vast information databases of ScholarlyNews.™ You can expect the information about Mechanical Engineering in this eBook to be deeper than what you can access anywhere else, as well as consistently reliable, authoritative, informed, and relevant. The content of Issues in Mechanical Engineering: 2011 Edition has been produced by the world’s leading scientists, engineers, analysts, research institutions, and companies. All of the content is from peer-reviewed sources, and all of it is written, assembled, and edited by the editors at ScholarlyEditions™ and available exclusively from us. You now have a source you can cite with authority, confidence, and credibility. More information is available at http://www.ScholarlyEditions.com/.

Extreme Events and Natural Hazards

Extreme Events and Natural Hazards

The Complexity Perspective

  • Author: A. Surjalal Sharma,Armin Bunde,Vijay P. Dimri,Daniel N. Baker
  • Publisher: John Wiley & Sons
  • ISBN: 1118671848
  • Category: Science
  • Page: 380
  • View: 2393
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Published by the American Geophysical Union as part of the Geophysical Monograph Series, Volume 196. Extreme Events and Natural Hazards: The Complexity Perspective examines recent developments in complexity science that provide a new approach to understanding extreme events. This understanding is critical to the development of strategies for the prediction of natural hazards and mitigation of their adverse consequences. The volume is a comprehensive collection of current developments in the understanding of extreme events. The following critical areas are highlighted: understanding extreme events, natural hazard prediction and development of mitigation strategies, recent developments in complexity science, global change and how it relates to extreme events, and policy sciences and perspective. With its overarching theme, Extreme Events and Natural Hazards will be of interest and relevance to scientists interested in nonlinear geophysics, natural hazards, atmospheric science, hydrology, oceanography, tectonics, and space weather.