In this research, the concept of Duration with a new application in project management has been defined. The Duration of each project provides the project manager with a combined measure containing concepts of return, cost and time of the project. Further in this article, the changes in project...

With the development of financial risk management, the notion of convex risk measures has been proposed and has gained more and more attentions. Utility-based shortfall risk (SR), as a specific and important class of convex risk measures, has become popular in recent years. In this paper we...