Showing 1 - 10 of 21
Notwithstanding the domain of activities where they are conducted, projects often entail risks, and risk management has … been widely recognized as a success factor in project management. While several lists of risk factors have been proposed in … several domains, there exists no generic tool for helping the assessment of the risk level of a given project. This paper …
Persistent link: https://www.econbiz.de/10005101050
We consider the problem of assessing the uncertainty of calibrated parameters in computable general equilibrium (CGE) models through the construction of confidence sets (or intervals) for these parameters. We study two different setups under which this can be done. The first one extends earlier...
Persistent link: https://www.econbiz.de/10005100806
market price of risk (MPR), the interest rate (IR) and other relevant factors. After calibrating the models to the data we … document the behavior of the portfolio demand and the hedging components relative to the parameters of the model such as risk … important and cannot be ignored for asset allocation purposes. Risk aversion and investment horizon emerge as the most relevant …
Persistent link: https://www.econbiz.de/10005100643
This paper proposes a simple modification to the standard Monte Carlo simulation procedure for computing the prices of derivative securities. The modification imposes the martingale property on the simulated sample paths of the underlying asset price. This procedure is referred to as the...
Persistent link: https://www.econbiz.de/10005627153
Managing large software project in general, and the implementation of ERPs in particular, entails several risks. Such was project Harmonie the implementation of SAP R/3 in support of the human resources, finance, and materials management processes at Hydro-Quebec. The size of the project, along...
Persistent link: https://www.econbiz.de/10005100848
Today's changing environment is bringing about a major transformation of the way organizations operate. Most of the discussion about such evolving environment focuses on the necessity for organizations to continuously renew their stock of knowledge and competencies. This renewal takes place...
Persistent link: https://www.econbiz.de/10005627154
related to environmental risk factors, organizational risk factors and use of precautionary principle are discussed. Ce …
Persistent link: https://www.econbiz.de/10005838746
income generated almost regardless of risk, with negligent and faulty risk measurement and unjustified risk taking as …
Persistent link: https://www.econbiz.de/10009004914
We consider the effect of an increase in the risk from pollution. We show that in the case of a flow pollution, when … the number of players is sufficiently large, the result of Bramoulle and Treich, showing that a marginal increase of risk … in the neighborhood of a risk-free world is welfare-improving, holds even when we consider non-marginal increases in risk …
Persistent link: https://www.econbiz.de/10011183755
Measuring and managing the risk associated with any decision has become an inescapable element of the decision …-making process in organizations, whether public or private. Risk management is a central preoccupation of CIRANO and a recent … initiative in that area directly addresses risks associated with healthcare.<br><br>The network for risk management, patient …
Persistent link: https://www.econbiz.de/10008568664