We consider the problem of model assessment by risk estimation. Variousapproaches to risk estimation are considered in a uni ed framework. This a discussion of various complexity dimensions and approaches to obtainingbounds on covering numbers is also presented.The second type of training sample...

Physical security systems are intended to prevent or mitigate potentially catastrophicloss of property or life. Decisions regarding the selection of one system orconfiguration of resources over another may be viewed as design decisions within arisk theoretic setting. The problem of revealing a...

This research examines the cross-section of expected returns in the UK stock marketfor the period January 1969-December 2001, with particular reference to the role ofrisk adjustments and the pricing of characteristic factors.This study has three empirical parts. This first part of the empirical...

A methodology for the conceptual design phase risk assessment of an aerospace system was proposed. The method was designed to examine political, social, and economic risk over a systems lifecycle through the use of future scenarios to bound uncertainty. A decision support framework was developed...

The final master thesis applies reseach on the common issues analysis regarding operational risk management at the commercial bank, highlights risk measurement tools and identifies the key goals of OR management activity. The analysis is applied to the bibliograpical entries defining operational...

Probabilistic Risk Assessment is being increasingly used in a number of industries such as nuclear, aerospace, chemical process, to name a few. Probabilistic Risk Assessment (PRA) characterizes risk in terms of three questions: (1) What can go wrong? (2) How likely is it? (3) What are the...

Project risk management is currently used in several industries and mandated by government acquisition agencies around the world to manage uncertainty in an effort to improve a project's probability of success. Common practice involves developing a list of risk items scored with probability and...

Estuaries are the 'door mat' of human activity on land. They are also highly valued by the community. The New South Wales (NSW) oyster industry is Australia's oldest farming enterprise, dating back to the pre-European settlement era and as a consequence has social and cultural significance....

This dissertation is based on the hypothesis that a third dimension, namely investmenttime horizon, can add value to the more conventional two-dimensional methodologyof assessing the relative risk and return attributes of various assets and portfolios inorder to enhance investment decisions.This...

In the economic environment of the information age, the performance of the stock market is considered an important indicator of the health of a nation's economy. Typically, the performance of any stock market is reflected through stock market prices. It would not be over emphasizing to state...