Usage of Monte Carlo simulation for pricing requires a well defined and accurate market implied distribution of risk factors. Overlay, on top of these simulated risk factors, one can also generate conditional prices based on the set of underlying risk factors at future time horizons. The ability...

In 2010, Sub-K iTransactions, a business correspondent start-up, implemented a pilot project on dairy payments with village cooperatives of Gujarat Cooperative Milk Marketing Federation. The company sought to migrate cooperatives' payments to farmers, such as revenues from milk or net services...

The aim of the Internal Ratings Based Approach (IRBA) of Basel II was that capital suffices for unexpected losses with at least a 99.9% probability. However, because only a fraction of the required regulatory capital (a quarter to a half) had to be loss absorbing capital, the actual solvency...

This Article concerns a relatively unseen form of labor that affects us all, but that disproportionately burdens women: admin. Admin is the office type work — both managerial and secretarial — that it takes to run a life or a household. Examples include completing paperwork, making grocery...

Lubrizol is the world leader in lubricant additive technology. Lubricant additives are special chemicals designed to enhance the performance of lubricant oils and greases, and the performance of fuels. The product development process involves the formulation of new additive mixtures, and...

This note is an experiential exercise designed for 240 students divided into eight companies of 30. The exercise uses minimal setup yet explores issues of leadership, organizational design, organizational change, and building a learning organization. It is designed for a five-hour session...