A new one-parameter family of risk measures called Conditional Drawdown (CDD) has been proposed. These measures of risk are functionals of the portfolio drawdown (underwater) curve considered in active portfolio management. For some value of the tolerance parameter α, in the case of a single...

This article studies formal optimal decision approaches for a multi‐period asset/liability management model for a pension fund. The authors use Conditional Value‐at‐Risk (CVaR) as a risk measure, the weighted average of the Value‐at‐Risk (VaR) and those losses exceeding VaR. The model...

This study focuses on consumers' behaviour towards Fruits and Vegetables (FVs) under economic crisis. The implementation of both factor analysis and logistic regression reveals discrete consumer groups, affected and not affected by the ongoing economic crisis. Interviewees were selected...