A Case Study on Risk Evaluation Ernst, Dietmar. creator author. aut http://id.loc.gov/vocabulary/relators/aut Häcker, Joachim. author. aut http://id.loc.gov/vocabulary/relators/aut SpringerLink (Online service) text sz 2024 1st ed. 2024. monographic eng

electronic

electronic resource

access IX, 209 p. 119 illus., 110 illus. in color. online resource. In times of crisis, risk management is more important than ever. In addition, companies are obliged to identify, quantify and aggregate risks as part of a risk management system. Legal and auditing standards have set the framework for doing so. This book uses a case study to show ‘step by step’ how risks can be analyzed and quantified with the help of Microsoft Excel. The book begins with the graphical representation of risks and the calculation of risk parameters such as the value at risk. It subsequently aggregates different risks into an overall risk using Monte Carlo simulation. Hedging risks is also explained, and how non-hedgeable risks can be integrated into a business plan. The assessment of extreme risks is also addressed, as is the modeling of volatilities. The book is aimed at students of business administration with a focus on finance. General structure of the case study -- Course 1: Risk Analysis -- Course unit 1: Graphical representation of risks -- Course unit 2: Variance and standard deviation -- Course unit 3: Models for calculating volatility -- Course 2: Quantitative instruments in risk management -- Course unit 1: Different types of Value at Risk and Lower Partial Moments and Extreme Value Theory -- Course unit 2: Determination of portfolio risks -- Course Unit 3: Hedging of hedgeable risks and modelling of non-hedgeable risks. by Dietmar Ernst, Joachim Häcker. Financial risk management Capital market Business information services Financial engineering Social sciences Mathematics Risk Management Capital Markets IT in Business Financial Engineering Mathematics in Business, Economics and Finance HD61 9783031531262 https://doi.org/10.1007/978-3-031-53126-2 https://doi.org/10.1007/978-3-031-53126-2 241109 20251030113304.0 978-3-031-53126-2