This paper identifies and quantifies through a Bayesian Network model (BN) the various factors of Operational Risk (OR) associated with the payment process PROCAMPO. The BN model is calibrated with data from events that occurred during the period 2008-2011. Unlike classical methods, the BN model...

El presente trabajo, partiendo de distribuciones reales de prestaciones de dependencia según grado y Comunidad Autónoma (CA), estima el coste global y promedio individual de dependencia según grado baremado y comunidad de residencia, así como el coste individual actual en sentido actuarial...

This research incorporates stochastic processes in the valuation of investment projects using real options, which is linked to the value of managerial flexibility, that is, to use the option in order to make strategic decisions in line with the company’s economic environment. A project is...

This paper is aimed at studying the effects of the exchange-rate variations on the budget deficit. To do this, the available deterministic models of budget deficit are extended by assuming that the movements of the exchange rate are driven by stochastic processes, and that the extreme and sudden...

This paper is aimed at studying the effects of the exchange-rate variations on the budget deficit. To do this, the available deterministic models of budget deficit are extended by assuming that the movements of the exchange rate are driven by stochastic processes, and that the extreme and sudden...

Este trabajo muestra una aplicación del método de Componentes Principales en la Simulación del Valor en Riesgo de un Portafolio de acciones del Índice de Precios Selectivo de Acciones (IPSA). En particular, mediante el análisis espectral de la matriz de covarianza de los precios, se...