offered by the travel agencies would rather be a risk management service than just the retailing of prepackaged services. To … address this problem of service design, we have conceived a risk management service offer grounded on multidisciplinary …

In this paper we consider the operations of a non-financial corporation and present a novel risk-management framework … where the decision maker - the firm's manager - is risk averse. Critically, our framework (i) imposes risk aversion through … a generic class of tail risk constraints and (ii) considers explicitly the differences than can, and often do, exist …

Operational Risk. Not only for hedge funds, but also for other asset management companies – such as private equity companies …, family offices or independent asset managers - operational risk management is increasingly important. In this article, we … focus on Operational Risk Management for mid-sized Asset Management companies.We take a practitioner's view of how an …

quantitative model called the ω-Score to measure hedge fund operational risk. The ω-Score is related to conflict of interest issues … that this risk score can be used to effectively predict fund failures in the future …

This paper proposes a new framework to reduce the variance and uncertainty in the risk assessment process. Today, this … and a simulation of the risk assessment process, and the improvement in reducing the variance is significant. …