We propose a tractable framework for quantifying the impact of fire sales on the volatility and correlations of asset returns in a multi-asset setting. Our results enable to quantify the impact of fire sales on the covariance structure of asset returns and provide a quantitative explanation for...

The one-year prediction error (one-year MSEP) proposed by Merz and Wüthrich has become a market-standard approach for the assessment of reserve volatilities for Solvency II purposes. However, this approach is declined in a univariate framework. Moreover, Braun proposed a closed-formed...

Identifying the most appropriate institutional structures and strategies to integrate the views and coordinate the actions of diverse tourism stakeholders is a key stage in the development of integrated tourism in rural and lagging areas. In this work a Decision Support System (DSS) is developed...

Les modèles stratégiques de transports urbains ont pour principe de fonctionner avec un nombre réduit de zones (de l'ordre de la dizaine), une représentation de l'offre de transport sous la forme de relations flux-vitesse entre zones et la prise en compte de la rétroaction de l'état de...

Deux laboratoires spécialisés dans des secteurs énergivores et pollueurs : l'habitat et le transport, se sont associés avec pour objectif de simuler les grandes tendances en matière de consommation énergétique et de rejets de gaz à effet de serre en fonction des avancées technologiques...

End-consumer movements, defined as the movements made by the consumer transporting the purchased goods, are identified with shopping trips. Whereas the logistics movements (freight distribution and urban part of the supply chain) are well studied in city logistics and urban planning, the...