The definition and the management of quality has evolved and assumed a variety of approaches, responding to an increased variety of needs. In industry, quality and its control has responded to the need of maintaining an industrial process operating as "expected", reducing the process sensitivity...

The purpose of this paper is to introduce and construct a state dependent counting and persistent random walk. Persistence is imbedded in a Markov chain for predicting insured claims based on their current and past period claim. We calculate for such a process, the probability generating...

In today's global economy, operations strategy in supply chains must assume an ever-expanding and strategic role of risks. These operational and strategic facets entail a brand new set of operational problems and risks that have not always been understood or managed very well. This book provides...

Both risk externalities and moral hazard have conjured to induce risks of substantial consequences. These require both complex and creative regulation as well as control to inspect and prevent potential perpetrators. Sovereign maritime and port responsibilities are affected by such problems...

Default probability distributions are often defined in terms of their conditional default probability distribution, or their hazard rate. By their definition, they imply a unique probability density function. The applications of default probability distributions are varied, including the risk...

This paper is a short introduction on Big Data for the RDA educational corner. The purpose of this presentation is to motivate a greater discussion of what is Big Data, how it is transforming the future of finance and what are the essential opportunities and concerns when using Big Data....

This book is divided into 3 parts. The first part introduces the basic concepts, definitions and the management of total quality. There follows a section which is orientated towards techniques, and the book concludes with a section covering appplication areas of particular importance in the...