Preface -- Contents -- Part I Risk Modeling -- 1 Directional Returns for Gold and Silver: A Cluster Analysis Approach -- 1.1 Introduction and Literature Review -- 1.2 Data Collection and Preparation -- 1.3 Methodology: Two-Step Cluster Analysis -- 1.4 Gold with Clusters -- 1.4.1 Training Set...

This paper focuses on weather derivatives as efficient risk management instruments and proposes a more advanced approach for their pricing. An "hybrid" contract is introduced, combining insurance properties, specifically tailored for the region under study and introducing Value-at-Risk (VaR) and...

This handbook includes contributions related to optimization, pricing and valuation problems, risk modeling and decision making problems arising in global financial and commodity markets from the perspective of Operations Research and Management Science. The book is structured in three parts,...