We develop statistical methodology for the quantification of risk of source-destination pairs in an internet network. The methodology is developed within the framework of functional data analysis and copula modeling. It is summarized in the form of computational algorithms that use bidirectional...

Emerging smart manufacturing technologies combine physical production networks with digital IT systems, resulting in complex smart factory networks, which are especially vulnerable to IT security risks, such as IT component non-availabilities. Companies must employ extensive IT security measures...

Emerging smart manufacturing technologies combine physical production networks with digital IT systems, resulting in complex smart factory networks, which are especially vulnerable to IT security risks, such as IT component non-availabilities. Companies must employ extensive IT security measures...

Distortion risk measures summarize the risk of a loss distribution by means of a single value. In fuzzy systems, the Ordered Weighted Averaging (OWA) and Weighted Ordered Weighted Averaging (WOWA) operators are used to aggregate a large number of fuzzy rules into a single value. We show that...

After the 2008 events that occurred in the world financial markets, all organizations have increased interest in risk management. It is very clear that risk management brings benefits to the organization. By taking a proactive approach to risk and risk management, organizations will be able to...

Residential mortgage products (also known as home loans) pricing has been long understood to be something of a ‘dark art’, requiring judgment and experience, rather than being an exact science. In the last decade, a lot has changed in this field and more and more lenders, primarily the...